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Thanks to the Young Complexity Researchers Utrecht (YCRU) group, they brought these popular sessions back to the CCSS for our researchers to discuss challenges in Complex Systems Studies. Everyone is welcome!

Therefore, we cordially invite you to the Science Jam #61 on Thursday 8 May (12:00-13:00) at the Centre for Complex Systems Studies (CCSS) where you can:

• Get a free gourmet lunch with the best sandwiches you can get at the Utrecht Science Park plus nice drinks;

• Know one senior complexity researchers' work over one-hour lunch time;

• Contribute your professional knowledge and experiences in a relaxing and informal setting;

• Develop potential collaboration.

Leading complexity researcher: Prof. dr. Irene Monasterolo, Climate Finance, Utrecht University

Abstract:
Scenario-based climate stress-test has become a reference tool for central banks and financial regulators to assess and manage climate risks. Here we outline the characteristics and advantages of a forward-looking approach to climate stress-test, which has been developed in academia and increasingly used by financial institutions, for both physical risks and transition risk. This approach, on which the new Network for Greening the Financial System’s short-term climate scenarios are based, acknowledges climate risk complexity, builds on the risk-management approach that inspired the Paris Agreement, and is compatible with the notion of multiple equilibria. It computes financial risk measures that are conditional to a given scenario as opposed to the standard asset pricing models that aim to assess a pricing of instruments unconditional to future climate outcomes. By embedding investors’ expectations about climate risk (also known as climate sentiments), it is able to account for the endogeneity of risk and its implications on climate financial risk and the transition.

Everyone is welcome and please feel free to invite your colleagues/friends/classmates/students to join us.

If you would like to have the lunch arrangement, please sign up before 15:00 Wednesday 7 May.