DMA Dialogues | Creating Value in the Global Weather Enterprise
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Creating Value in the Global Weather Enterprise

World Bank

Creating Value in the Global Weather Enterprise

The global weather enterprise creates
high value weather and climate information that produce a
wide range of social and economic benefits, including the
protection of citizens and infrastructure from natural
hazards. The creation of value derives from the global
cooperation of many actors in the public, private, and
academic sectors. The incentive to develop and improve
national meteorological ecosystems revolve around the
social, socioeconomic, and economic benefits of the weather
enterprise. While meteorological infrastructure investment
is critical, it is also as important to address issues such
as design of market structures conducive for value creation,
enhancing legislative and regulatory frameworks, and
accounting for value creation in the public, private, and
academic sectors. This technical note examines the ways in
which the structure and operation of the weather market can
maximize the creation of value. Significant economic
advantages result from establishing clarity in, and a
greater recognition of, the value each producer creates.
This would incentivize fair competition, pervasive
cooperation, and greater exploitation of coproduction.