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FINEXUS: Center for Financial Networks and Sustainability

Thursday 16: Academic sessions

Thank you to everyone who attended the session! The presentation slides are now available on this webpage.

Venue: KOL-G-201 AULA

09:15 - 10:45 Climate change: physical risks and transition risks.
What do we know (or we cannot 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.

Speakers: Christian Huggel (UZH), Keywan Riahi (IIASA)


 Christian Huggel (UZH) Webpage

Christian Huggel is Professor of Glaciology and Geomorphodynamics at the University of Zurich. His research focuses on climate impacts, risks and adaptation to climate change, mainly in mountain and high-mountain regions. His interest is to understand how climate and climate change affects environmental and socio-environmental systems, how these systems respond in the context of multiple drivers of change, and what changes can be attributed to climate change and other drivers. In the past, Christian has looked into glacier and other mountain hazards such as glacier lake outburst floods, avalanches and landslides; volcano-ice interactions; hazard, vulnerability and risk assessments; integrated monitoring and early warning systems.


Keywan Riahi (IIASA) Webpage

Keywan Riahi is the Director of the Energy Program of IIASA and Visiting Professor, at the Graz University of Technology (TU Graz), Austria. Dr. Riahi leads a number of international research efforts, including EU funded projects on 'Exploring National and Global Actions to reduce Greenhouse gas Emissions (ENGAGE)' and 'Linking Climate and Development Policies-Leveraging International Networks and Knowledge Sharing (CD-LINKS)'. He is a member of Scientific Steering Committee of Integrated Assessment Modeling Consortium (IAMC) and other international and European scenario activities. Dr. Riahi has been appointed as a Coordinating Lead Author in Working Group III of the IPCC Sixth Assessment Report (Chapter 3 on Mitigation pathways compatible with long-term goals). 


14:45 - 16:15 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.
Speakers: Stefano Battiston (UZH), Marc Chesney (UZH)


Stefano Battiston (UZH) Webpage

Stefano Battiston is Professor of Banking at the University of Zurich and Director of the FINEXUS Center for Financial Networks and Sustainability. He is a leading scholar in the field of systemic risk and sustainable finance. He has made advances in the scientific understanding of the relation between financial interconnectedness, complexity and climate related financial risk.
He has co-authored 50+ publications including on top journals such as PNAS, Nature Communications, Nature Climate Change and Management Science. His scientific background in complex systems, combined with 15 years of research in economics and finance, put him in a unique position to understand policy issues from a quantitative perspective. 


Marc Chesney (UZH) Webpage

Marc Chesney is currently Director of the Department of Banking and Finance (DBF) of the University of Zurich, Full Professor, Chair of Quantitative Finance, Academic Head of the Center for Sustainable Finance and Private Wealth. He is also a member of Finance Watch and Kontrapunkt.  He was previously Research Fellow at the “Zentrum für Religion Wirtschaft und Politik” (Collegium Helveticum) and Professor and Associate Dean at HEC Paris from 1993 to 2000. He has published in different journals such as: Mathematical Finance, Finance and Stochastics, Journal of Banking and Finance, Journal of Economic Dynamics and Control. He has extensively published articles and books in the topic of climate finance, in particular using real-option theory, and he is teaching several courses at UZH in sustainable finance.