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The Societal and Economic Impacts of Severe Space Weather Events D. N. Baker, LASP / University of Colorado Howard Singer, NOAA SEC Arthur Charo, National Research Council

Task: 

Task An ad hoc committee of the Space Studies Board (SSB) of the National Academies will convene a workshop to assess the Nation’s current and future ability to manage space weather events and their societal and economic impacts. What are the socioeconomic consequences to the Nation of severe space weather events? How likely are events more intense than the 2003 Halloween storms and what might be the consequences of such events? Are there specific ground- or space-based sensors or other approaches that might mitigate or avoid the effects of future severe space weather events? Support from NASA/SMD in place; other agencies likely

Approach: 

Approach Phase I: Workshop Late October 2007 Representatives from academia, industry, and industry associations Associations can aggregate data and avoid concerns about proprietary or competition-sensitive data Analysis in specific areas: e.g., GPS, power industry, aviation, human and robotic exploration beyond low-Earth orbit Econometric analysis of value of improved SpaceWx

Examples of Concerns: 

Examples of Concerns

How to Measure the Value of Improved SWx Forecast? : 

How to Measure the Value of Improved SWx Forecast? Identify decisions that can be improved using a reliable forecast Differences with and without forecast (the expected value of a forecast) When best design decisions are made Economic value of expected outcomes

Schedule: 

Schedule Letter of request from NASA: January 2007 Study approved by NRC: April 2007 Between now and late October 2007 Formation of ad hoc study committee Identify workshop sessions, session leads, and speakers Hire consultant for the SWx economic analysis Report of the workshop: Spring 2008 Potential Phase II study: TBD, 2008

Anticipated Benefits: 

Anticipated Benefits Economic Impacts analysis will provide: Better guidance for policy makers on investment in SWx systems Better rationale for Agency budgeting Better understanding of “high-payoff” forecasts Clearer guidance for future human exploration Improved societal appreciation for SWx risks

Thank you—Questions?: 

Thank you—Questions?

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