In this section
@article{Eastwood:2017:10.1111/risa.12765,
author = {Eastwood, J and Biffis, E and Hapgood, MA and Green, L and Bisi, MM and Bentley, RD and Wicks, R and McKinnell, LA and Gibbs, M and Burnett, C},
doi = {10.1111/risa.12765},
journal = {Risk Analysis},
pages = {206--218},
title = {The economic impact of space weather: where do we stand?},
url = {http://dx.doi.org/10.1111/risa.12765},
volume = {37},
year = {2017}
}
TY - JOUR
AB - Space weather describes the way in which the Sun, and conditions in space more generally, impact human activity and technology both in space and on the ground. It is now well understood that space weather represents a significant threat to infrastructure resilience, and is a source of risk that is wideranging in its impact and the pathways by which this impact may occur. Although space weather is growing rapidly as a field, work rigorously assessing the overall economic cost of space weather appears to be in its infancy. Here, we provide an initial literature review to gather and assess the quality of any published assessments of space weather impacts and socioeconomic studies. Generally speaking, there is a good volume of scientific peerreviewed literature detailing the likelihood and statistics of different types of space weather phenomena. These phenomena all typically exhibit “powerlaw” behavior in their severity. The literature on documented impacts is not as extensive, with many case studies, but few statistical studies. The literature on the economic impacts of space weather is rather sparse and not as well developed when compared to the other sections, most probably due to the somewhat limited data that are available from endusers. The major risk is attached to power distribution systems and there is disagreement as to the severity of the technological footprint. This strongly controls the economic impact. Consequently, urgent work is required to better quantify the risk of future space weather events.
AU - Eastwood,J
AU - Biffis,E
AU - Hapgood,MA
AU - Green,L
AU - Bisi,MM
AU - Bentley,RD
AU - Wicks,R
AU - McKinnell,LA
AU - Gibbs,M
AU - Burnett,C
DO - 10.1111/risa.12765
EP - 218
PY - 2017///
SN - 0272-4332
SP - 206
TI - The economic impact of space weather: where do we stand?
T2 - Risk Analysis
UR - http://dx.doi.org/10.1111/risa.12765
UR - http://hdl.handle.net/10044/1/43738
VL - 37
ER -