Panel on Socioeconomic Benefits (PSB)

The Panel on Socioeconomic Benefits (PSB), established by the WMO Executive Council at its seventy-fifth session (EC-75) in June 2022, provides advice on the ways to further develop and coordinate activities related to the valuation of weather, climate, and water services (Decision 17 (EC-75) – Initiatives to Advance Socioeconomic Assessments of Weather, Climate and Water Services) and advocate for changes leading to a more resilient development through a demonstration of benefits that those services bring to society. Composed of eminent representatives from UN Members and entities, intergovernmental and stakeholder organizations, academia, and civil society, the Panel defines potential elements of informed cooperative action by means of setting an integrated agenda in support of the Early Warnings for All initiative. This is through contributions to analytical studies, including position papers on key challenges, reviews, data-related activities, and the application of first-class analytical tools in support of short- and long-term analysis.