Patrick T. Brown

Head of Climate Analytics
Interactive Brokers

Biography

Dr. Brown is a PhD climate scientist and meteorologist. He is the Head of Climate Analytics at Interactive Brokers, where his work focuses on the information discovery and risk-transfer applications of prediction markets in weather, climate, and natural disasters.

He has published scientific papers in Nature, PNAS, and Nature Climate Change, as well as many other journals, and his research and commentary have appeared in The New York Times, The Wall Street Journal, Bloomberg, The Economist, CNBC, CNN, The BBC, The Washington Post, NPR, Newsweek, The Guardian, The Atlantic, Foreign Policy, and The Los Angeles Times, among other venues.

Education

  • Carnegie Institution for Science at Stanford University (2017 – 2019)
    Postdoctoral Research Fellow, Department of Global Ecology
  • Duke University (2012 – 2016)
    Doctor of Philosophy (PhD), Department of Earth and Ocean Sciences
  • San José State University (2009 – 2012)
    Master of Science (MS), Department of Meteorology and Climate Science
  • University of Wisconsin – Madison (2004 – 2008)
    Bachelor of Science (BS), Atmospheric and Oceanic Sciences

Professional Experience and Affiliations

  • Trend Analytics, Interactive Brokers
    • Head of Climate Analytics, March 2025 – Present
    • Design, pricing, and fair-value modeling of weather, climate, and natural-hazard event contracts listed on ForecastEx, a CFTC-regulated exchange, and development of their risk-transfer applications with insurance and reinsurance partners
  • The Breakthrough Institute
    • Senior Fellow, March 2025 – Present
    • Co-director, Climate and Energy Program, May 2022 – February 2025
  • Johns Hopkins University
    • Adjunct Faculty (Lecturer), Energy Policy and Climate Program, January 2022 – September 2025
  • Wildfire Interdisciplinary Research Center (WIRC), San José State University
    • Visiting Research Professor, August 2022 – Present
    • Climate Scientist, August 2020 – August 2022
  • San José State University
    • Assistant Professor, Department of Meteorology and Climate Science, August 2019 – August 2022
  • ClimateAI
    • Innovation Lead, March 2018 – July 2019
  • Carnegie Institution for Science, Stanford University
    • Postdoctoral Research Fellow, Department of Global Ecology, 2017 – 2019
    • Advisor: Ken Caldeira
  • Duke University
  • NASA Jet Propulsion Laboratory (JPL)
    • Graduate Fellowship Program Intern, summers 2014 and 2016
  • NOAA Geophysical Fluid Dynamics Laboratory (GFDL)
    • Research Associate, summer 2015
  • Environmental Resources Management (ERM)
    • Staff Scientist, Climate Modeling Adviser, October 2014 – February 2015
  • San José State University
  • Climate Clock Initiative
    • Climate Science Advisor, April 2011 – August 2011
  • Weather Central, LLC / MyWeather, LLC
    • Forecaster, Graphics Technician, Customer Support, Market Research, and Data Entry, December 2008 – August 2009
  • NASA Langley Research Center (LaRC)
    • Meteorology Intern, summer 2007
  • NASA Goddard Space Flight Center (GSFC)
    • Atmospheric Science Intern, summer 2006

Event Contract Design and Risk-Transfer Products

Contracts designed, priced, or specified at Interactive Brokers for listing on ForecastEx.

  • Live Hurricane wind gust contracts (2026). Storm-specific contracts on peak 3-second wind gust exceedance at point locations, settling on Reask Metryc wind footprints, designed with reinsurance-market input to reduce basis risk relative to landfall contracts. Led the partnership with Reask as settlement data provider. First full listing-to-settlement run during Hurricane Isaias (October 2026).
  • Daily weather contracts (2025 – Present). Probability and fair-value models for daily high and low temperature contracts, launched in 10 US cities in November 2025 and since expanded to more than 20 US and international cities; terms and conditions for daily peak wind gust, mean wind, precipitation, hail, and thunderstorm-duration contracts.
  • Gridded daily weather settlement framework (2026, in development). Daily temperature, wind, and precipitation contracts resolving on the RTMA/URMA analyses at arbitrary locations.
  • Atlantic hurricane season and landfall contracts (2025 – 2026). Basin storm counts and major-hurricane landfall contracts, including a redesign into 10 contiguous US coastal regions selected using FEMA National Risk Index expected annual loss (September 2025).
  • Paris Agreement global temperature threshold contracts (2025).
  • US severe thunderstorm contracts on tornado, hail, and severe wind reports (2025).
  • Global crop yield contracts (2025).
  • Population-weighted heating and cooling degree-day contracts (2025).
  • Atlantic Meridional Overturning Circulation (AMOC) substantial weakening contract (2026).
  • Electricity price contracts (2026), contract design contributions.

Publications

** Cited in the Intergovernmental Panel on Climate Change (IPCC) Sixth Assessment Report (2021 & 2022).

Peer-Reviewed Journal Articles

Preprints, Working Papers, and Reports

Manuscripts in Preparation

  • Brown, P. T. Extreme event attribution samples the extremes that climate change made more likely.
  • Brown, P. T., and coauthors at Reask. Reask neighborhood-scale wind data powers new live hurricane risk transfer contracts. For Journal of Catastrophe Risk and Resilience.

Other Publications

  • Brown, P. T. (2016) Reporting on global warming: a study in headlines. Physics Today. doi: 10.1063/PT.3.3310
  • Brown, P. T. (2016) What do historical temperature records tell us about natural variability in global temperature? Climanosco, 24 August 2016. Placed 2nd overall in the Climanosco launch challenge.

Data Products, Software, and Websites

Selected Writing

Interactive Brokers Campus, Traders' Insight (author page)

The Breakthrough Institute

Social Media

Invited Talks and Panels: Prediction Markets and Risk Transfer

  • FINRA Q3 Market Roadshow, New York (8/2026)
    • Fireside panel on prediction markets with CME Group and FanDuel
  • Risk Market News Webinar (6/2026)
  • Kristiania University College, Oslo, Norway (10/2025)
    • Reliable information generation in climate science and how prediction markets can help
  • Heterodox Academy Conference, New York (6/2025)
  • Energy Freedom Conference (4/2025)
    • Panel with Sen. Mike Lee and EPA Administrator Lee Zeldin, presenting ForecastEx climate and weather markets

Conference Presentations

Invited Talks: Scientific and Policy Audiences

  • SRM360 Panel on Wildfires, Climate Risk & Solar Geoengineering (8/2025)
  • Columbia University, Lamont-Doherty Earth Observatory, Ocean and Climate Physics Seminar (10/2024)
  • City College of New York, Earth and Atmospheric Sciences Seminar (10/2024)
    • Do Climate Adaptation Strategies Get Enough Attention? The Case of Wildfires in California
  • United States Congressional Western Caucus Briefing on Fuels Reduction for Wildfire Mitigation and NEPA Reform (7/2024)
  • The Breakthrough Dialogue (6/2024)
  • ConservAmerica Webinar (11/2023)
  • California Office of Energy Infrastructure Safety Scoping Meeting (7/2023)
  • UC Berkeley Science Communication Lecture (11/2022)
    • Climate Communication in an Era of Extremes
  • California Office of Energy Infrastructure Safety, Wildfire Risk Modeling Working Group (8/2022)
    • Climate Driven Risk of Extreme Wildfire Behavior in California
  • University of Rhode Island Graduate School of Oceanography Seminar (2/2021)
    • Meteorology and Climatology of Wind and Solar Power Droughts over Western North America
  • Woods Hole Oceanographic Institution (WHOI) Physical Oceanography Seminar (1/2021)
    • Meteorology and Climatology of Wind and Solar Power Droughts over Western North America
  • CSU-BW: Climate Change and Water (12/2019)
    • An Empirical Methodology that Forecasts Deviations in the Distributions of Land Temperatures on Seasonal Timescales that Impact Agricultural Productivity, Outdoor Labor Productivity, Electricity Demand, and Human Mortality
  • Association for Computing Machinery (ACM) Meetup at PayPal HQ (6/2018)
  • Stanford University Department of Electrical Engineering and Computer Systems Colloquium (1/2018)
  • Lawrence Berkeley National Laboratory (LBNL) Seminar Series (8/2017)
    • Change in the Magnitude and Mechanisms of Global Temperature Variability with Warming
  • Lawrence Livermore National Laboratory (LLNL) Climate and Weather Seminar Series (2/2017)
    • Change in the Magnitude and Mechanisms of Global Temperature Variability with Warming
  • Carnegie Institution for Science, Stanford University (1/2017)
    • Do Propagation of Error Calculations Invalidate Global Climate Model Projections?
  • NASA Jet Propulsion Laboratory (JPL) Seminars
    • Unforced Surface Air Temperature Variability and its Contrasting Relationship with the Anomalous TOA Energy Flux at Local and Global Spatial Scales (7/2016)
    • Top-of-Atmosphere Radiative Feedbacks in the Context of Unforced Interdecadal Temperature Variability (7/2014)
  • Chinese Academy of Sciences (11/2015)
    • Unforced Surface Temperature Variability and its Relationship with the Top-of-Atmosphere Energy Budget
  • Princeton / GFDL Public Seminar (6/2015)
    • Unforced Surface Temperature Variability and its Relationship with the Top-of-Atmosphere Energy Balance in CMIP5 Models
  • Duke University Seminars
    • Magnitude and Mechanisms of Unforced Global Mean Surface Air Temperature Variability (2/2015)
    • Regions of Significant Influence on Unforced Global Mean Surface Air Temperature Variability in Climate Models (12/2014)
    • Top-of-Atmosphere Radiative Contribution to Unforced Decadal Global Temperature Variability in Climate Models (3/2014)
    • Unforced Surface Temperature Variability in Observations and its Implication on Contemporary Climate Change (10/2012)
  • San José State University Seminars
    • Unforced Surface Temperature Variability in Observations and its Implication on Contemporary Climate Change (3/2012)
    • Reproduction of Intradecadal to Multidecadal Surface Temperature Variability in Radiatively Forced Coupled Climate Models (3/2012)
    • The State of Climate Science: From Recent Observations to 'Climategate' (4/2010), viewable in three parts (1, 2, 3)
  • Atmospheric Sciences Symposium at UC Berkeley (2/2012)
    • Role of Unforced Multidecadal Variability on 21st Century Surface Temperature Projections
  • NASA Langley Research Center Intern Presentations (8/2007)
    • The Saharan Air Layer's Interaction with Tropical Waves during the NAMMA Time Period
  • NASA Goddard Space Flight Center Intern Presentations (8/2006)
    • The Calibration of Water Vapor Profiles Produced from LIDAR Instrumentation

Outreach: Talks for a General Audience

Media: Mentions, Contributions, and Interviews

On Prediction Markets for Weather, Climate, and Risk Transfer

Podcasts and Video

Television

Print and Online

On the Free Press Essay Critique of High-Impact Scientific Publishing in Climate Science

On Climate Change and Wildfires

On Earth's Energy Budget and Future Warming (Brown and Caldeira, 2017)

On Changes in Global Temperature Variability with Warming

On the Stability of Unforced Global Temperature

On the Pace of Global Warming over the Beginning of the 21st Century

On the Origin and Causes of Unforced Variability in Climate Models

Teaching Experience

  • Johns Hopkins University, Energy Policy and Climate Program, Advanced Academic Programs
    • Adjunct Faculty (Lecturer), Spring 2022 – Fall 2025
      • 425.602, Science of Climate Change and Its Impact
  • San José State University
    • Assistant Professor, Fall 2019 – Spring 2022
      • Meteorology 168, Global Climate Change (5 semesters)
      • Meteorology 12, Global Warming: Science and Solutions (3 semesters)
      • Meteorology 171, Synoptic Weather Analysis and Forecasting (2 semesters)
      • Meteorology 116, Economic Impact of Extreme Weather Under Climate Change (1 semester)
    • Instructor, August 2010 – June 2012
      • Meteorology 12, Global Warming: Science and Solutions (sole instructor, 4 semesters)
      • Meteorology 173, Global Climate Modeling (lab instructor, 1 semester)
  • Duke Kunshan University (Kunshan, Jiangsu Province, China)
    • Instructor, Fall 2015
      • Earth and Ocean Sciences 366, Climate Change and Society in China
  • Duke University
    • Teaching Assistant, August 2012 – December 2016
      • Earth and Ocean Sciences 511, The Climate System (2 semesters)
      • Earth and Ocean Sciences 508, Climate History
      • Earth and Ocean Sciences 365, Weather and Climate
      • Earth and Ocean Sciences 355, Global Warming
      • Earth and Ocean Sciences 101, The Dynamic Earth
      • Earth and Ocean Sciences 12, The History of Life and Earth

Advising and Mentorship

Service and Review

University Service, San José State University

  • College of Science Curriculum Committee, 2019 – 2022
  • Undergraduate Major Advisor, Department of Meteorology and Climate Science, 2020
  • Hiring committee, climate and air quality, 2021
  • Hiring committee, wildfire science, 2020

Assessment Reports

  • Expert Reviewer, IPCC Sixth Assessment Report, Working Group I
  • Expert Reviewer, IPCC Special Report on Global Warming of 1.5°C

Scholarly Journals

  • Nature; Nature Climate Change; Nature Communications; Nature Geoscience; Journal of Climate; Climate Dynamics; Geophysical Research Letters; Journal of Geophysical Research: Atmospheres; Climatic Change; Earth's Future; Earth and Space Science; Earth System Dynamics; Global and Planetary Change; Journal of Applied Meteorology and Climatology; Journal of Atmospheric and Solar-Terrestrial Physics; Oceanography; Fire; International Journal of Wildland Fire; Health Science Reports; International Journal of Environmental Research and Public Health

Climate Feedback (reviewer profile)

Outreach: Digital Education Material

Awards

  • 2024 Johns Hopkins Energy Policy and Climate Program Teaching Award
  • 2021 2nd place, National Forecasting Competition, Faculty Category (New Orleans)
  • 2016 Duke Graduate School Fellowship for Outstanding Performance
  • 2015 Nicholas School of the Environment Dean's Award for the Best Graduate Student Manuscript
  • 2015 Climanosco Launch Challenge, manuscript placed 2nd overall in international competition

Updated November 2, 2026