Session 4 The Future of Financial Weather and Climate Risk Management

Monday, 13 January 2020: 2:00 PM-4:00 PM
Host: 15th Symposium on Societal Applications: Policy, Research and Practice
Cochairs:
Stephen Bennett, Riskpulse, Austin, TX; Heidi Centola, The Weather Company, An IBM Business, Phoenix, AZ and Robert Brammer, Brammer Technology, LLC, President/CEO, Andover, MA

The continuing growth of adverse impacts from weather and climate on economies globally has led to increasing emphasis on associated risk management by government and private enterprise. For example, the Global Risks 2018 report produced by the World Economic Forum indicates that “extreme weather events,” “natural disasters,” and “failure of climate change mitigation and adaptation” have moved into the top five global risks for both impact and likelihood of occurrence within the next ten years.  The American Meteorological Society plays an increasingly important role in the development of robust financial weather and climate risk management sciences through research, education, and interdisciplinary communication.  This session seeks presentations both related to extreme weather event and longer-range climate change effects.  The goal is to stimulate further interdisciplinary conversation and outcomes leading to the development of financial weather and climate risk management methods and technology. 

Papers:
2:00 PM
4.1
Developing an Index for Measuring Supply Chain Vulnerability to Climate Change
Michael D. Gerst, Univ. of Maryland, College Park, MD; and L. Guntuka, M. Maddox, M. A. Kenney, and S. Boyson

2:15 PM
4.2
Measuring Global Economic Damages from Global Carbon Emissions though an Excel-based Integrated Assessment Model
Jill Freedman, University of Maryland, College Park, MD; and T. Canty and R. Brammer

2:30 PM
4.3
Surveying Climate Hazards in Canada's National Capital Region - Impacts on Built and Planned Infrastructure in a Changing Climate
Norman James Shippee, Risk Sciences International, Ottawa, ON, Canada; and K. A. Pingree, S. Eng, H. Auld, N. Comer, R. Rempel, and A. Little

2:45 PM
4.4
Optimizing Global Supply Chains by Leveraging Risk Metrics: Case Studies
Stephen Bennett, Riskpulse, Austin, TX; and J. Davis, M. S. Russo, L. Gloeckler III, E. Adamchick, and K. S. griffin

3:00 PM
4.5
3:15 PM
4.6
Worldwide Consistent Climate-related Financial Risk Estimation for Companies and Equities
Terence Randall Thompson, The Climate Service, Asheville, NC

3:45 PM
Discussion

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