Safe Landing Climates, a lighthouse activity of World Climate Research Programme (WCRP), is organizing a webinar and two workshops which will bring together experts from the physical sciences, economics and finance communities to explore the impact of climate change on the different facets of the world.
This begins with a webinar on 22 October 2024, on "Linking Climate Change to Economic and Financial Impacts" where globally renowned leaders who are at the frontiers of these cross-disciplinary research areas will share their thoughts to improve our understanding of key models, data, and methods, as well as to identify gaps that need to be addressed.
The webinar will be followed by two workshops - one on High-risk Cascading Shocks, and another on the Coupled Physical, Economic, and Financial Impact modelling.
The workshop on High-risk Cascading Shocks will bring together communities working on high-risk large-scale extreme events and systemic risks.
"This exchange comes at a crucial time, with such high-risk shocks becoming ever more prevalent, extending novel-methodologies and state-of-the-art tools to assess risks across sectors and disciplines is paramount," Dr Laura Suarez-Gutierrez, one of the organizers of the workshop, explained.
This activity will foster multidisciplinary collaboration with the ultimate goal of generating new approaches to addressing such shocks and actionable outputs in the form of peer-reviewed, agenda-setting publications that influence assessments of climate risk.
The second workshop on Coupled Physical, Economic, and Financial Impact modelling will explore, better understand and move toward evaluating methods currently being used by the finance community, including regulators, to quantify global macroeconomic physical climate risks, and to identify ways that these methods could be improved, may be biased, or may be incomplete.
Speaking of this workshop, Dr Steven Sherwood, one of the organizers said, "This workshop will address how to bridge between physical sciences and the economic analyses, the latter of which are increasingly driving policy, regulation, and the urgency of mitigation or lack thereof.”
The workshop will provide an opportunity for communication and dialogue across physical, economic, and financial disciplines. This workshop is organized in collaboration with S&P Global.