Climate change will have considerable impact on the global economy. In this talk, we share recent research that advances understanding of financial stability given the pressures of climate change in Canada. First, we explore a flexible, non-linear framework to estimate changes in GDP and sub-annual economic cycles. Then, we introduce and discuss the technical elements and applications of digital twins to assist in climate risk management.

Graham Watt

Graham Watt is the head of climate tech strategy & innovation at RBC. He is a co-founder of the bank’s internal capabilities to manage climate risks and opportunities, and is responsible for the function’s continued development and integration into strategic decision-making. Graham has a diverse background that spans wildfire prediction, customer experience design and technology start-up financing, and holds degrees in engineering, a doctorate in forestry and a master’s in business administration. He is passionate about improving the relationship between natural and human systems.

Arthur Berrill

Arthur Berrill is CTO for the Royal Bank of Canada Data and Analytics team. He is a technology leader and voice for RBC technology and innovation with commercial partners, government, open source communities and academic researchers, in domains relevant to RBC’s vision and strategy. In service of this responsibility, Arthur is involved in most of the data science disciplines including location intelligence, data content, artificial intelligence, ontology, graph analytics and climate change studies. In particular, Arthur has a long history in the location intelligence field. Arthur is an RBC Distinguished Technologist.