Climate Risks: The True Price of Carbon

Global warming poses one of the most difficult problems that mankind has ever faced. Reports show that climate change will have a profound impact on almost all aspects of our existence, including our economy. A large portion of the work done in climate stress testing is either sector-specific, region-specific or qualitative. There is relatively little information on quantitative models. In this doctorate, we will consider ways to extend techniques from classical stress testing in order to incorporate the dynamics of climate change.