Benefits of weather services much greater than costs (Finnish Meteorological Institute)

Benefits of weather services much greater than costs (Finnish Meteorological Institute)

20

Published

20 December 2013
Press Release Number:
N/A

Kuva: Eija Vallinheimo

The ratio between the costs and benefits of weather services are currently being studied in several countries. In all countries, the results are positive in terms of the social productivity of weather services.

The lowest reported ratio is 2 in the United States, which in this case means that the benefits of the services are double the cost of producing them. On the other hand, typical results were obtained in Switzerland and Finland, where the cost-benefit ratio for weather services intended for road traffic is approximately 10. In order to avoid an overly optimistic result, the Finnish study also took into account costs other than those for weather services, such as the production and operating costs for various media.

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