Fields-CFI Workshop on Impacts of Climate Change on Economics, Finance, and Insurance

September 19 - 23, 2022, The Fields Institute

Location: Fields Institute, Room 230, or online at https://zoom.us/j/92292683265

Description

Climate change is a pre-eminent risk facing humanity in the 21st century, with ongoing and potential impacts on all aspects of human life. This workshop will bring together leading experts from the academic community, policy makers, and the financial and insurance industries to discuss mathematical modelling of climate risk, as well as the consequences of climate change for financial markets, insurance, and the broader economy. Topics addressed include: mathematical models for pricing climate derivatives, hedging climate risk, the impact of climate risk on new and traditional forms of insurance, financing of green investment, and the long-term economic consequences of climate change. In addition to equipping the financial and insurance industries with new analytical tools for managing and hedging climate risk, a major expected impact of the workshop consists in evaluating the effectiveness of different policy and regulatory frameworks, from carbon pricing to subsidies and green central banking.

Registration Instruction:

To register/apply for funding, click here.

Schedule

Monday, September 19th, 2022
09:30 to 10:30	Macro-dynamics and Climate Gael Giraud, Georgetown University
10:30 to 10:45	Coffee Break
10:45 to 11:45	Assessing climate policies: an ecological stock-flow consistent perspective Maria Nikolaidi
11:45 to 13:30	Lunch
13:30 to 14:30	The transition risk of climate change: A suite of models approach Madanmohan Ghosh, Bank of Canada
14:30 to 14:45	Coffee Break
14:45 to 15:45	Modelling energy transitions: transition risks and changes in energy return on energy investment in a stock-flow consistent, input-output modelling framework Andrew Jackson, University of Surrey
15:45 to 16:45	Insights and Questions from HARMONEY, a Biophysical Economic Growth Model Carey King, University of Texas at Austin
16:45 to 18:00	Reception

Tuesday, September 20th, 2022
09:30 to 10:30	Impact of Finance on Climate Change Andrea Macrina, University College London (UCL)
10:30 to 10:45	Coffee Break
10:45 to 11:45	Strategic Asset Allocation with Climate Change Sally Shen, Global Risk Institute
11:45 to 13:30	Lunch
13:30 to 14:30	Catastrophic Climate risks, Insurance and Government Intervention Arthur Charpentier, Université du Québec à Montréal (UQÀM)
14:30 to 14:45	Coffee Break
14:45 to 15:45	XVA and Climate Change Chris Kenyon, MUFG
15:45 to 16:45	Pricing renewable energy certificates and some derivatives Carlos Vázquez, University of A Coruna

Wednesday, September 21st, 2022
09:30 to 10:30	Beyond DICE: What the New-Generation Integrated Assessment Models Can Teach Us About the Optimal Abatement Policy Riccardo Rebonato, EDHEC business school
10:30 to 10:45	Coffee Break
10:45 to 11:45	Using Partial Differential Equations (PDEs) to Price Financial Instruments to Manage Climate Risk Enrique Villamor, Florida International University
11:45 to 13:30	Lunch
13:30 to 14:30	Carbon Pricing under Competition and Regulation Helyette Geman, Johns Hopkins University, Bruno Kamdem, New York University
14:30 to 14:45	Coffee Break
14:45 to 15:45	Impacts of Climate Risk on Corporate Lending Phillip Ashby

Thursday, September 22nd, 2022
09:30 to 10:30	Net Zero Investment Portfolios Thierry Roncalli
10:30 to 10:45	Coffee Break
10:45 to 11:45	Physical risk assessment under climate change for TCFD-like requirements with applications to flood and hurricane (re)insurance Mathieu Boudreault, Université du Québec à Montréal (UQÀM)
11:45 to 13:30	Lunch
13:30 to 14:30	Bottom Up Modelling of Climate Change Impacts on Financial Institution P/L through an Agricultural Channel Matt Davison, Western University
14:30 to 14:45	Coffee Break
14:45 to 15:45	Climate Research @ RBC: Exploring financial stability in response to climate change and applications of the digital twin Arthur Berrill, Royal Bank of Canada, Graham Watt, Royal Bank of Canada
15:45 to 16:45	Panel Discussion Ryan Ho, Mark Lombardo, Walid Mnif
17:00 to 20:00	Dinner at Mercatto

Friday, September 23rd, 2022
09:30 to 10:30	The Risks from Climate Change to Sovereign Debt Stavros Zenios, University of Cyprus
10:30 to 10:45	Coffee Break
10:45 to 11:45	Impact of Climate Change on the Insurance Industry and the Work of Actuaries Christine Chui, Canada Life, Zahir Bhanji, Manulife
11:45 to 13:30	Lunch
13:30 to 14:30	Spatial-Temporal Modeling of Wildfire Losses with Applications in Insurance-Linked Securities Pricing Hong Li, University of Guelph
14:30 to 14:45	Coffee Break
14:45 to 15:45	Model Risk in Pricing Wind Speed Derivatives Rui Zhou, University of Melbourne
15:45 to 16:45	Dynamic Portfolio Decisions with Climate Risk and Model Uncertainty Alexey Rubtsov, Global Risk Institute

If you are a graduate student interested in participating, feel free to fill out this funding application form.

Registered Participants

Name	Affiliation
Samira Alipour	Scotiabank
clara angio	EDHEC NICE
Phillip Ashby
Kyle Balkissoon	Stance Capital
Omar Becerril	Scotiabank
Hamza BERGA	Mohammed V University in Rabat
Arthur Berrill	Royal Bank of Canada
Mathieu Boudreault	Université du Québec à Montréal (UQÀM)
Achraf BOUHMADY	Mohammed V University in Rabat
Johanna Bradie	Scotiabank
Bruno Campana	FTI Consulting
rajae CHAFIL	Centre for Climate change competencies
Arthur Charpentier	Université du Québec à Montréal (UQÀM)
Barbara Chen	China Europe International Business School
Ziteng Cheng	University of Toronto
Yuwei Chen	University of Toronto
Christina Christara	University of Toronto
Jennifer Correia	Scotiabank
Samson Adewale Dada	Optimum Prime Logistics Ltd
Rhoda Dadzie-Dennis	University of Waterloo
Matt Davison	Western University
Jahanshah Davoudi	Bank of Montreal
Armin Dehghan	Bank of Montreal
Bouchra Elghazi	Sidi Mohamed Ben Abdellah University
Lucas Espirito	EDHEC
Lisa Gao	University of Waterloo
Maud Gauchon	EDHEC business school
Madanmohan Ghosh	Bank of Canada
Christopher Greyson-Gaito	University of Guelph
Linyi Guo	Scotiabank
Simon Guo	Scotiabank
Yiping Guo	University of Waterloo
Samuel Gyamerah	Kwame Nkrumah University of Science and Technology
Itamar Halevy
Tom Hao	Scotiabank
Mary Hardy	University of Waterloo
Ricardo Henriquez	Kedge bs
Victor ISSA	University of Toronto and ENS de Lyon
Andrew Jackson	University of Surrey
Ken Jackson	University of Toronto
Sebastian Jaimungal	University of Toronto
Leo Jiang
Ruihong Jiang	University of Waterloo
Bert Ji
Bruno Kamdem	New York University
Richard Kang	Climate tech startup
Vyjayanthi Keshavamurthy
Carey King	University of Texas at Austin
Axel Laville	Financia BS - Paris
Jesse Lee	Scotiabank
Christiane Lemieux	University of Waterloo
Bin Li	Scotiabank
Hong Li	University of Guelph
Johnny Li	University of Waterloo
Shudan Liu	Scotiabank
Siyuan Liu	EDHEC business school
Lucas Louvel	EDHEC
Andrea Macrina	University College London (UCL)
Miloš Martinović
Giulio Mazzone	OECD
Opelo Mbakile	University of Botswana
Luka Milic	Toronto Metropolitan University
Ioana Nedelcu	TD
Akorede Oluwo	Florida International University
Gavin Orok	University of Waterloo
Gurudas Pai	Scotiabank
Mark Penney	Scotiabank
Silvana Pesenti	University of Toronto
Lysa Porth	University of Guelph
Daniel Presta	McMaster University
Chengwei Qin	OANDA
Avideh Sabeti	Bank of Montreal
David Saunders	University of Waterloo
Sally Shen	Global Risk Institute
Vincent Shen	Scotiabank
Alex Shipilov	University of Toronto
Mohan Sivapatham	Definity Insurance
Mohamed-Lassaâd Souissi	EDHEC business school
Pranavi Tashin
Madhusmita Tripathy	Andhra University
Josie Valotta	University of Toronto
Carlos Vázquez	University of A Coruna
Enrique Villamor	Florida International University
Graham Watt	Royal Bank of Canada
Liam Welsh	University of Toronto
Niall Whelan
Ray Wu	University of Toronto
YUXIN XIE	EDHEC
Laura Xi	Scotiabank
Tracey Zalk
Charles Zha	Scotiabank
Geoffrey Zhao	Western University
Jet Zhou	Western University
Rui Zhou	University of Melbourne
Yi Zhou	University of Toronto