Climate Risk
topic on 4 shows · 9 statements across 8 episodes
Capital Allocators 
the Green Blueprint 
How I Built This 
TBPN
9 statements about Climate Risk, every show
Wagner: Slow-moving climate risk creates mispricings against volatile annual reinsurance swings
“Year to year, you don't have big changes in the risk of a large hurricane. Over 10 years, 20 years you do, which is kind of what we've seen, but it's a slow moving increase in risk. That's what's fascinating to us is because you can have these year to year cha…”
Coogan: Aon President Stated US Economy Is Overexposed to Climate Risk
“Eric Anderson, the president of Aon, the world's largest reinsurance intermediary, said, just as the U.S. Economy was overexposed to mortgage risk in 2008, the economy today is overexposed to climate risk.”
Elkabetz: Organizations Must Manage Climate Risk with Software Like Cybersecurity
“Now, what we're saying is that you need to put systems in place and start managing that risk, just like you manage your cybersecurity risk. Okay, you don't imagine a tech company not protecting its servers. With a software solution.”
Stephen Lacey: $4 Trillion in Global Financial Assets Face Climate Risk
“Today, there's a four trillion dollar risk hanging over the global financial sector. Climate risk. That's how much capital in the financial system is tied to infrastructure, property, loans, and other goods and services that are threatened by an overheating pl…”
Sikorsky: California National Guard faces exponentially more wildfire deployments today
“The National Guard, right, in California is responding to Exponentially more fire days every year than they did 10 or 20 years ago in having to interrupt their training and evacuate bases and turn to protecting the homeland from these climate risks.”
CFTC derivatives markets historically evolved to mitigate agricultural climate risks
“Historically, we are a market that helps mitigate, in many respects, climate risk. It's certainly commercial risk for a farmer or rancher to be able to know that someone's going to be able to buy their harvest at the end of the season, but ultimately, if you'r…”
Climate risk is non-linear and requires prescriptive corporate disclosure standards
“Climate risk is very unique as compared to traditional financial market risk. It's not linear in the sense that it's predictable, and then you can rely on past quarters or past performance to predict future outcomes. It is a lot of unknowns, and we need to be …”
Bob Litterman links financial risk management directly to pricing climate risk.
“What I found is that there are a lot of parallels between the way we think about and manage financial risk and the way we should be thinking about managing climate risk.”