Bridge over ocean
29 October 2020 Multimedia

APAC Regional Webinar: A Financial Risk Framework for Climate Change

  1. Robert F. Engle
  2. Lutfey Siddiqi, CFA

Nobel Laureate Prof. Robert Engle,  Co-Director of the NYU Stern Volatility and Risk Institute, explains in this CFA Institute APAC Regional Webinarwhy climate risk could easily be the next biggest risk that humanity faces after the COVID-19 and the financial crisis induced by the pandemic.

Climate change is a very long horizon risk. The worst impacts are far in the future and yet they affect behavior and asset prices today. The class will discuss the science and the economics of climate change. Common economic examples of externalities and regulation will be used to frame the analysis. From this point of view, portfolio choices and asset prices will be examined. The short run and long run costs of divesting fossil fuel stocks will be considered.

Webinar Presentation: A Financial Risk Framework for Climate Change Download PDF

We’re using cookies, but you can turn them off in Privacy Settings.  Otherwise, you are agreeing to our use of cookies.  Accepting cookies does not mean that we are collecting personal data. Learn more in our Privacy Policy.