The Value of Improved Hurricane Forecasts

OneNOAA Science Seminar Series

Presenter:
Renato Molina, Assistant Professor of Environmental and Resource Economics, University of Miami, Rosenstiel School of Marine and Atmospheric Science

Sponsor:
NOAA's Southeast and Caribbean Regional Team, 2020 Hurricane Awareness Webinar Series

Seminar Contact:
region.SECarib@noaa.gov

Remote Access:
https://attendee.gotowebinar.com/register/4430739796084014094

Abstract:
Renato Molina, Assistant Professor of Environmental and Resource Economics from the University of Miami, Rosenstiel School of Marine and Atmospheric Science will discuss his recent NOAA funded work on the economic value of improved hurricane forecasts. In this project, we merge atmospheric modeling and econometrics to elicit the public willingness to pay for more accurate hurricane forecasts through a large-scale choice experiment. Focusing on areas recently hit by hurricanes Florence and Michael, we establish the value of improvements in storm track, wind speed, and precipitation forecast precision.

Recording:
Webinar will be recorded and posted on this web link: https://www.regions.noaa.gov/secar/index.php/noaa-secart-2020-hurricane-awareness-webinar-series/

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{Renato Molina, Assistant Professor of Environmental and Resource Economics, University of Miami, Rosenstiel School of Marine and Atmospheric Science}