First Forum on Climate Linked Economics
Hosted by the 10th Symposium on Weather, Water and Climate Enterprise as part of the 102nd Annual Meeting of the American Meteorological Society.
Hello FinWx!
I hope you’re all making a smooth transition into fall and that you’re doing well. Thanks to those of you who have participated in the last two regular FinWx meetings, I continue to be inspired by your engagement!
One of the primary updates from last week’s meeting is that we’ve been accepted to host the First Forum on Climate Linked Economics from 8am to Noon on Wednesday, January 26th, 2021, in Houston as part of the 10th Symposium on Weather, Water and Climate Enterprise within the 102nd Annual Meeting of the AMS.
We’ll be planning this agenda over the course of the next several weeks and we’d like your help. Please let me know if you or anyone in your network would be a strong keynote speaker or invited panelist. Email me directly … Steve@emetsolutions or use the comments button below to share your ideas!
Very Rough Draft
This is very much a work-in-progress so please don’t distribute this to anyone yet … we’re sharing with you so that we can get your input and ideas.
American Meteorological Society’s
First Forum on Climate-Linked Economics
Wednesday, January 26th 2022
8am - Noon CT
Houston, TX
What are we doing? We are creating a link between the meteorological and climate science communities and the broader community of economists, corporate executives, risk managers, financial planners, insurance professionals, and technology leaders.
What are we talking about?
How is climate change affecting today’s extreme weather and how do these events link to short-term business losses and day-to-day operations?
How will climate change affect weather patterns that impact long-term investments and capital planning?
What’s in it for participants? The long-term impact of climate change is localized and complex. Risks have impacts across the entire structure of many businesses. This includes revenues affected by shifting customer demands, costs driven by mitigating weather impacts, and/or physical risks of damage to business assets. Savvy business leaders are striving to learn and adjust their businesses by factoring these risks into the existing processes in their organization. Risk management processes, governance structure (including audit and risk committees), and the tools they already use and these can evolve to make business more climate-resilient.
Why are we doing this? More and more companies are examining their exposure to climate-related risks as a result of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), credit rating agencies, and other bodies. Millions of businesses operate day-to-day knowing that extreme weather (as influenced by a changing climate) leads to unplanned fluctuations in profitability. The Global Risks 2020 report produced by the World Economic Forum said “…environmental risks have grown in prominence in recent years. For the first time, 'extreme weather events,' 'natural disasters,' and 'failure of climate change mitigation and adaptation' are in the top five global risks for both impact and likelihood of occurrence within the next ten years.
What do we want to come out of it? Relationships that drive collaboration between scientists and practitioners. We want to link climate, the economy, and business operations. Connections between leaders within the weather and climate communities and senior executives and managers from organizations focused on TCFD and other climate-linked business decisions that currently have little (or no) exposure to the scientific community.
How will I make connections? In addition to keynote speakers and panel discussions, we might also sponsor an invited dinner on Tuesday evening and a reception/lunch on Wednesday after the program completes for participants to network with the speakers and other invitees.
Invited Speakers and Participants Include Leaders from:
Jupiter Intelligence (Confirmed)
IBM (Confirmed)
Amazon (Confirmed)
AB InBev (Confirmed)
Unilever
Guy Carpenter
Munich Re
Goldman Sachs
Morgan Stanley (Confirmed)
Everstream Analytics (Confirmed)
The Demex Group (Confirmed)
NOAAs Centers for Environmental Information - Billion-Dollar Disasters (Confirmed)
Microsoft
Google
Milliman
Branch Insurance
Verisk Analytics
Let us know what you think!