Weather is the single most important factor in influencing price volatility, volume fluctuations and revenues for an estimated 80% of global business activity. In effect, weather risk is becoming just as important as interest rate risk and exchange rate risk in its affect on your business revenues and bottom line. Furthermore disaster hedging by developing nations is set to be a human success story of the 21st century in the weather derivatives arena. Poor countries are actively employing these tools (with the help of aid agencies and multilateral organizations) to protect themselves from drought-induced malaise and to facilitate agricultural insurance to their farmers. Demand for weather risk management tools - futures, derivatives and insurance - continues to be strong worldwide especially with the entry of a whole range of players including weather hedge funds. Weather Risk Management brings together a collection of experts on the subject to look at this changing area, the strategies and innovations and features detailed studies on agriculture and energy.