#weatherfutures — Public Fediverse posts

@sshann Thank you so much for sharing this on #ClimateDiary - super interesting, another whole vocabulary to get my head around. Am i understanding it correctly that #WeatherDerivatives are about people betting on and then making profits from #extremeweather events? #Futures, basically, not about commodities but the weather? I don’t really understand how there can be money in this in the longer term, especially with more and more #Insurance companies stopping coverage #WeatherFutures