Climate Information Granularity and Projections of Physical Risk Impacts on Economic Outputs: A Spatial Momentum Has Started
As part of the Sustainability Week, Nicolas Schneider, Senior Research Engineer – Macroeconomist at the EDHEC Climate Institute delivered a compelling presentation entitled "Climate information granularity and projections of physical risk impacts on economic outputs: A spatial momentum has started”.
This presentation explores the critical importance of granular climate information in assessing physical risk impacts over time and space. Nicolas Schneider discusses how enhanced detail in climate simulations leads to better adaptability for industries facing future shocks.
Using the Mediterranean basin as a case study, the presentation outlines a stepwise approach to linking climate impacts to economic outputs, emphasizing the need to seize the "spatial" momentum, moving forward with investors.
The presentation addresses the following issues:
- Climate change impacts space and sectors heterogeneously: why is global average of weaker reliability?
- What are the latest climate simulation developments driven by NASA and other mega-providers and what should it tell us about the transformation of our sector?
- What does "higher granularity" mean, and why is it crucial for physical risk assessments and our ability to adapt to future shocks?
- Using the Mediterranean basin as a case study, how can we project climate risk impacts on economic outputs and how to distribute resulting estimates over time and space?
- Dealing with uncertainty: a measure of how much we have yet to understand, so how to account for it?
- Moving forward: what are the implications for investors in search of regional principles?
About EDHEC
Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 15 business schools. Fully international and directly connected to the business world, EDHEC commands a strong reputation for research excellence and the ability to train entrepreneurs and managers capable of breaking new ground. EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching is inspired by its research work and a focus on “learning by doing”, all with the aim of equipping people with the skills to succeed in business.
