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FINEXUS: Center for Financial Networks and Sustainability

UZH Sustainable Finance Conference 2020Climate Change & Financial Risk

UZH Sustainable Finance Conference 2020 Banner

Thank you to everyone who attended the UZH Sustainable Finance Conference 2020! The presentation slides will be available on webpages of the corresponding sessions by the 2nd of February, 2020.

Public Lecture by Nobel Laureate Prof. Joseph Stiglitz: Jan 16 2020,  17:00 - 19:00, KOL-G-201 AULA ( Livestream )
The lecture will be followed by a conversation with the audience, moderated by Prof. Stefano Battiston (UZH).

Science and society session Jan 16th 2020, 14:00 - 16:15, KOL-G-201 Aula

Launch of the UZH Center of Competence for Sustainable Finance - CCSF

From research to practice: "How financial institutions can assess climate-related transition risk?"

Academic sessions Jan 16th-17th 2020, UPDATE: KOL-G-201 AULA
Climate change poses new fundamental challenges for academics and practitioners in finance, including: endogeneity of risk, heavy-tailed distributions, and decisions under uncertainty. Highlights: latest insights from research, successful applications to policy and practice, critical challenges. Topics will cover: modelling climate-related financial risks, climate stress-testing, climate transition risk, financial investors' motives in climate finance.

Download Program: UZH Sustainable Finance Conference 2020 (PDF, 830 KB)

Download Flyer: Climate Change and Financial Risk (PDF, 620 KB)

Link to the website of the UZH Center of Competence for Sustainable Finance



Thursday 16th January 2020, Academic sessions (KOL-G-201 AULA)

08:30 - 09:00 Registration and networking coffee

09:00 – 09:15 Opening by Marc Chesney, Director of the Dept. Banking Finance
09:15 – 10:45 Academic session: Climate change: physical risks and transition risks. What do we know from climate science about climate-related risks? What do we know from climate mitigation scenarios about risks associated with the transition to a low-carbon economy? The session offers non-experts in climate science some insights on these important questions.
Christian Huggel (UZH), Keywan Riahi (IIASA)

10:45 - 11:15 Break

11:15-12:45 Academic session: From climate risk to financial risk. How to translate knowledge from climate science and climate economics into financial risk? The session reviews recent developments in climate-related financial risk based on financial network models and real option theory.   
Stefano Battiston (UZH), Marc Chesney (UZH)

Lunch break
12:45 - 14:00

Science and society panel session (KOL-G-201 AULA)
14:00 - 14:45 Launch of the UZH Center of Competence for Sustainable Finance. The new Center will offer a coordination platform of all the activities on Sustainable Finance, both in research and education, across the different faculties, leveraging on excellence and interdisciplinarity.
Introduction: Marc Chesney (UZH)
Moderation: Stefano Battiston (UZH)
Kern Alexander (UZH), Annette Krauss (UZH), Markus Leippold (UZH), Michael Schaepman (UZH), Alexander Wagner (UZH)

14:45 - 16:15 From research to practice: How can financial institutions assess climate transition risk? Scientific research is helping public and private investors to disclose their climate-related risks. The session focuses on two case studies: the EU insurance sector and the EU Taxonomy of Sustainable Finance.
Lucia Alessi (EU Commission), Stefano Battiston (UZH), Petr Jakubik (EIOPA), Keywan Riahi (IIASA). Moderated by Irene Monasterolo (WU)


UZH general public lecture (KOL-G-201 Aula)

17:00-17:10 Welcome speech by UZH President Michael Hengartner

17:10 – 19:00 Lecture by Nobel Laureate Joseph E. Stiglitz

19:00 - 21:00 Networking Apero

Friday* 17th January 2020, Academic sessions (KOL-G-201 AULA)

09:00 - 10:45 Academic session: Climate economics. Understanding climate-related financial risk requires to understand the economics of climate change and the low-carbon transition. The session discusses the insights from various modeling approaches.
Lucas Bretschger (ETHZ), Armon Rezai (Vienna Univ. Econ. & Business), Irene Monasterolo (Vienna Univ. Econ. & Business)

10:45 - 11:15 Break

11:15 - 12:30 Academic session: Climate change and financial law. Several recent developments in financial law and regulation aim to address climate related financial risks, in particular in the EU. What are the implications for financial risk from a legal perspective? Are there “collective blind spots” regarding climate change?
Rolf Weber (UZH), Kern Alexander (UZH), Marco dell’Erba (UZH)

13:00 - 14:00 Lunch break

14:00 - 15:15 Academic session: Investor motives in climate finance. How do market participants react to information about climate policies and information about firms’ preparedness to the low-carbon transition? Addressing these questions is key to understand how climate-related risks can materialize in financial markets. 
Alexander Wagner (UZH), Luca De Angelis (Univ. of Bologna)

15:15 - 15:45 Break

15:45: 17:15 Academic session: Climate finance: risk versus ambiguity. How does financial risk and investment decisions change when the knowledge about probability distributions of gains and losses is lacking or incomplete?
Markus Leippold (UZH), Silvia Romagnoli (Univ. of Bologna), Antoine Mandel (Paris School of Economics)

17:15 - 17:30 Concluding remarks

(*) The schedule of some sessions may change. The final version will be sent in due time to registered attendants.

Sign Up

Thank you for your interest in attending the UZH Sustainable Finance Conference 2020. The registration deadline for the conference has passed.

Seats for the public lecture on Thursday, 16th January 2020, with Nobel Laureate Joseph E. Stiglitz are limited and will be available on a first-come-first-served basis. An additional video transmission room will be available.



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