Making an impact

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The popularity of weather futures is rapidly growing and becoming a valuable method for energy companies to hedge against a change in demand due to changes in temperature. Weather is quite unique in that it is highly localised, cannot be controlled and, despite great advances in meteorological science, still cannot be predicted accurately with any consistency.

A substantial portion of the economy is directly affected by the weather. By some estimates, as much as 20% of the US economy and near

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