Articles | Volume 15, issue 4
https://doi.org/10.5194/nhess-15-895-2015
https://doi.org/10.5194/nhess-15-895-2015
Research article
 | 
23 Apr 2015
Research article |  | 23 Apr 2015

Forecast-based financing: an approach for catalyzing humanitarian action based on extreme weather and climate forecasts

E. Coughlan de Perez, B. van den Hurk, M. K. van Aalst, B. Jongman, T. Klose, and P. Suarez

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Short summary
How can we use weather or climate forecasts to avoid disasters? This article offers a framework for determining when it is "worth" taking action to try to avoid a potential disaster. Considering forecast probabilities, actions, and funding constraints, we propose a novel forecast-based financing system that would automatically trigger action based on forecasts of increased risks.
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