Climate Risk

Climate risk assessment focuses on identifying and quantifying the financial and operational threats posed by climate change, aiming to inform adaptation strategies and policy decisions. Current research emphasizes developing sophisticated models, including generative adversarial networks (GANs) and fine-tuned transformer architectures like ClimateBert, to simulate complex, spatially coherent climate hazards and analyze textual disclosures of climate-related financial risks. These advancements improve the accuracy and efficiency of risk projections across various sectors, from food production to energy systems, enabling more effective mitigation and preparedness efforts. The resulting insights are crucial for businesses, investors, and policymakers to make informed decisions in a changing climate.