Morning Featured Speaker
The Michael Armellino Professor of Finance at New York University Stern School of Business
& 2003 Nobel Laureate in Economics
A Financial Approach to Climate Change – Hedging Risks
The scientific evidence is clear that the climate is changing. However, we are not sure what the economic costs associated with this change will be or what the economic benefits would be of doing something about it. Financial strategies – such as pricing environmental risk and investing in low-carbon industries – can be used to hedge against future market volatilities caused by climate change.
Questions Moderated by: Dr. Alex LaPlante, Managing Director, Research, Global Risk Institute
If we are effective at responding to climate change, the stock market should reward us today for taking steps to reduce long-term risk in the future.