Tony Hughes, expert risk modeller and data scientist presents his argument for why climate change has so far had a limited impact on the financial system. Tony explores why, despite higher temperatures and fifty years of global warming, the impact on the financial system has, so far, not been intensely felt. Finally, Tony dives into the ‘unanswered’ empirical questions.
Key learning objectives:
Explore the micro-level evidence for the impact of climate change on the financial system
Why have financial costs relating to climate change so far been muted?
What are hedging strategies in relation to climate change?
What is the value of building early detection systems into strategy?