3.0

credits

Average Course Rating

This course introduces students to theory and analytics of risk assessment and risk management with respect to climate change, including scenario analysis, stress testing and corporate risk analysis practices. Physical climate risks to be covered include: 1) fire and extreme weather risk and their impact on insurability of assets and infrastructure; 2) heat, drought, food production and their impact on crop yields and population migration; and 3) sea-level rise and its impact on real-estate, corporate and municipal risks. Climate change transition risks to be covered include: 1) the impact of policy risks on individual sectors of the economy; 2) technology transition and the risk associated with stranded assets; and 3) corporate and sovereign liability risk and the role of climate risk disclosure. Students in this course will learn to analyze the impact of climate risk on corporations, cities, and infrastructure and to evaluate the cost and benefits of climate risk mitigation strategies. AS.425.603 is recommended but not required.