Since the Paris Agreement in 2015, climate change progressively became a strategic issue for financial institutions, supervisors, and regulators. Compared with traditional academic problems in finance, factoring in climate change comes with addressing specific features that do not easily fit with usual quantitative approaches and necessitate new developments: long time horizons, unprecedented events, systemic patterns, chaotic dynamics, uncertainty, irreversibility, endogeneity, policy jumps, just to name a few. Such a conundrum provides the research community with a new impetus to foster transdisciplinary collaborations, through the various expertise and approaches coming from finance, economics, mathematics, numerical and climate sciences.
Committed to this endeavor, the Chair Stress Test, Risk management and Financial Steering, hosted by Ecole polytechnique convenes its second international workshop on climate finance, risk and uncertainty modelling this autumn.
A Fall School will be held over 2 half days on the resolution and interpretation of Integrated Assessment Models (IAMs). A first 3-hour lecture, given by Cécine Guivarch (IPCC, CIRED), will explain the use of IAMs for policy purposes. A second 3-hour lecture, given by Frank Venmans (LSE), will concern the resolution and simulations of IAMs with uncertainty.
For 3 days, the broad climate & finance research community will gather in Paris, to share progress related to the new questions posed by both practitioners and regulators, such as climate-related financial risk modelling, climate stress testing, or asset valuation.
Call for paper for PhD students and junior academics! We are pleased to organize a session for junior academics (economists and mathematician) to showcase their research and engage in discussions with established professionals in the field. Deadline: 15th June. Submission link. (closed)
Registration open up to September 28th.
Where & When
2023, October 9 - 10 : Banque de France (BdF)
31 rue Croix des Petits Champs, 75001 Paris
2023, October 11 : Fédération Bancaire Française (FBF)