Working with businesses
By working in partnership with our clients we evaluate their vulnerabilities to climate change and extreme weather events in a global context.
Climate change and the finance sector
International loans and credit
We have comprehensive global historical and climate data providing an accurate forecast of how the future will evolve. Global banks can use this information to understand their loan and credit risks and how they are changing. This will enable them to make better informed decisions, saving money and lives.
Fund management
The Met Office uses ocean and atmosphere models that predict and interpret the complex interaction of the environments and its impact, including forecasting hurricanes over the next decade. This means traders can protect their investment funds by understanding a wider range of risk management strategies and reassure investors.
Regulatory risks
We produce seasonal and decadal forecasts using climate change and variability expertise. Global banks can use these forecasts to create a coherent strategy and set the regulatory standard for industry.
Tropical storm and hurricane prediction
By running our dynamical seasonal prediction model dozens of times into the future, the likely number of tropical storms forming over the North Atlantic can be forecast. These seasonal predictions can then be used alongside our short-range track and landfall predictions of individual storms, to provide advice on the possible impacts and risks to businesses including the financial markets, insurers and the oil industry.
Climate change and health
According to the World Health Organization warming and rainfall trends, due to climate change in the last 30 years, already claim more than 150,000 lives annually. There is growing evidence that climate-health relationships pose increasing health risks under future projections of climate change.
Chronic Obstructive Pulmonary Disease (COPD)
Through extensive research we have already developed a unique service that demonstrates links between specific weather patterns and a heightened risk of chronic obstructive pulmonary disease.
Primary Care Trusts, Strategic Health Authorities and the Department of Health have recognised the value of a precautionary service to COPD patients which has reduced hospital admissions. This has saved the NHS approximately £10,000 per patient and increased the trust and value of the patient to their local GP.
Environmental Impact Assessment
The Met Office has some of the most sophisticated weather models in the world, which are unique and respected as world-leading in their accuracy. Mining companies have been under increasing pressure to reduce the environmental impact of their operations, while balancing the pressures of their stakeholders' expectations.
Environmental Impact Assessments are critical to managing these expectations. We have developed a technology that allows for modelling of pre- and post-mining operations, to understand the physical impacts of the lifetime of a mine on the surrounding water table and the natural ecological balance.
Climate change and aviation
Climate change will impact aviation with recent reports by the Hadley Centre commissioned by Eurocontrol and NATS highlighting that adaptation is necessary if safety and capacity is to be maintained.
The impact will be across all areas of aviation: more severe weather patterns could affect capacity, route-demand patterns may shift as the climate changes, through to water shortages and sea level rise affecting airport operations and development.
Through working across the aviation industry we have extensive experience in the causes of climate change applicable to aviation and the ability to model future climate scenarios to help the aviation industry adapt to the range of potential changes ahead.
