Economic Impact Assessments (EIA) of application of GEOGLOWS in Ecuador- Data Gaps, Limitations and Recommendations

In 2022, the United Nations launched the Early Warnings for All (EW4ALL) Program to establish global early warning systems by 2027. To assess the impact of the substantial $3.1 billion annual investment over five years, EW4ALL will consider factors that will require national coordination for the data needed for these assessments. In 2023, Ecuador was identified as one of the world's most climate-vulnerable countries, emphasizing the need to enhance its early warning systems. In 2020, the SERVIR Amazonia hub implemented the GEOGLOWS streamflow forecast service in collaboration with Ecuador's national meteorological agency (INAMHI). GEOGloWS provides 15-day ensemble forecasts and 80 years of historical streamflow data for every river worldwide through a free web service. The World Meteorological Organization has recognized this initiative as essential in contributing to the UN's call to ensure an 'Early Warning for All' by 2027. In 2023, as part of NASA's continuous efforts to fund research for Policy-Relevant Implementations, an economic impact assessment (EIA) was performed to understand the potential socioeconomic benefits of Early streamflow predictions in Ecuador using the GEOGLOWS service. Preliminary findings highlighted that gaps remain in effectively integrating socioeconomic and Earth observation (EO) data to capture the total value of these predictions. Implementing GEOGLOWS has led to valuable hydrological forecasts; however, the total economic benefits have yet to be documented. This study addresses the gaps and makes recommendations for future work that should focus on capturing the socio-economic benefits and costs associated with these forecasts, including their impact on decision-making at national and local levels. Despite the daily use of GEOGLOWS by key figures, including the President of Ecuador, the need for comprehensive recommendations and assessments is urgent.

December 12, 2024

12:00 AM

Washington DC

American Geophysical Union (AGU) Fall Meeting