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Details of Award

NERC Reference : NE/I019405/1

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[FINANCE] Wind Risk Forecasting for Forest Investments

Training Grant Award

Lead Supervisor:
Dr G Patenaude, University of Edinburgh, Sch of Geosciences
Grant held at:
University of Edinburgh, Sch of Geosciences
Science Area:
Terrestrial
Atmospheric
Overall Classification:
Terrestrial
Science Classification details
ENRIs:
Natural Resource Management
Environmental Risks and Hazards
Science Topics:
Land - Atmosphere Interactions
Survey & Monitoring
Technol. for Environ. Appl.
Soil science
Abstract:
This frontier and interdisciplinary project contributes to addressing a critical knowledge gap between forest-loss risks and investor confidence in Amazonian forest assets. The project represents a novel collaboration between University of Edinburgh (Patenaude), Forest Research (Gardiner, Perks) and ForestRe (Cottle), and draws on expertise in forest science, insurance, risk assessment, modelling and earth observation. The proposed study area is in southern Brazil. The key focus will be on managing wind risk for institutional investment in carbon afforestation, across 3 Forest Management Types (FMTs): commercial biomass management, community managed woodfuel forestry & Amazonian natural forest. The potential economic impact of this exercise are considerable, as this type of research contributes to delivering a more stable and 'conventional' investment environment for forestry, enabling it to become mainstream. For insurers such as ForestRe, this should assist in bringing forestry from the margins of business to a business line as common as aviation, motor, or life and pensions.
Period of Award:
1 Oct 2011 - 30 Sep 2015
Value:
£73,139
(FY details)
Authorised funds only
NERC Reference:
NE/I019405/1
Grant Stage:
Completed
Scheme:
DTG - directed
Grant Status:
Closed
Programme:
Open CASE

This training grant award has a total value of £73,139  

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FDAB - Financial Details (Award breakdown by headings)

Total - FeesTotal - Student StipendTotal - RTSG
£13,504£48,305£11,332

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