All posts tagged finance

Energy Companies and Portfolio Managers Risk Exposure to Winter Volumetric and Price Risks

This past summer’s record-high temperatures in Southern Europe have demonstrated that without appropriate weather hedges in place, large energy consumers, energy companies and portfolio managers can be exposed to a dangerous level of weather risks.  As winter approaches, unusually mild or extremely cold temperatures are a further threat. Now is the time for these businesses to buy a hedge to protect themselves from temperature uncertainties or risk aggregated losses as the effects of climate change continue to bring unseasonal weather and unexpected and extreme weather events.  Continue Reading

Meteo Protect and BNP Paribas launch innovative solutions for weather risk management

BNP Paribas Meteo protect

Meteo Protect, the European leader in weather risk management, has entered into a strategic partnership with BNP Paribas to offer BNP Paribas’s corporate and institutional clients a complete range of weather risk financial management solutions.

Meteo Protect and BNP Paribas today launched a unique and comprehensive range of financial risk management solutions for BNP Paribas corporate and institutional clients. As a result of this alliance, BNP Paribas is the first bank in France to allow its clients to put in place effective financial solutions to manage their exposure to the increasing risk of adverse weather conditions.

BNP Paribas customers may now also access consulting services to assess and manage their weather risks. Meteo Protect’s team of meteorologists, climatologists, quantitative analysts and actuaries will provide BNP Paribas’s customers the means to manage volume, yield and price risks.

“Thanks to this alliance, clients of BNP Paribas whose activity is affected by the weather at any point along the supply chain may now cover against increased costs, offset declines in turnover, or limit the volatility of their financial results from one year to the next,” says Dr. Jean-Louis Bertrand, Director of Research and Development of Meteo Protect.

“This exclusive partnership allows our customers to analyze and better understand their exposure to changing weather. This approach is fully in line with our purpose to serve our clients better by offering innovative services to support the growth of their business in a sustainable manner, “says Mr. Frédéric Rochoux, Head of Business Development Business in Retail Banking in France of BNP Paribas.

Are you the predator or the prey in the perilous world of climate change?

Effects of climate change mean unexpected new winners, and losers, in finance.

Spinifex hopping mice

In what may be viewed as a fable for the times, scientists are looking to climate data to explain how traditional safe burrows have become hunting grounds and food chains have been upended. Risk managers are struggling with the same, confronted with the unexpected new threats, and opportunities, arising from the effects of climate change.

In a shocking twist that is baffling scientists, the cat is not only getting the mice, but the catfish is too. Whilst the hunt of mice by cats has become an idiom for the constant pursuit of one’s prey, it was hardly to be expected that this cartoonish relationship would one day extend to catfish too. Yet, in an article recently published by the scientific journal “Journal of Arid Environments”, Australian researchers have the grisly evidence, having discovered the bodies of Notomys alexis, or Spinifex hopping mice, in the stomachs of almost half of the lesser salmon cat-fish sampled in the Ashburton River of Northwest Australia.

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