BEGIN:VCALENDAR VERSION:2.0 PRODID:-//Talks.cam//talks.cam.ac.uk// X-WR-CALNAME:Talks.cam BEGIN:VEVENT SUMMARY:Assessing indirect business risk from climate change - Daoping Wan g\, University of Cambridge DTSTART:20221104T130000Z DTEND:20221104T140000Z UID:TALK183269@talks.cam.ac.uk CONTACT:Madeline Lisaius DESCRIPTION:Increasingly complex linkages of the global economy can be a c hannel for the propagation of negative climate-related shocks with the pot ential to deteriorate resilience and sustainability in societies. Given pr ojected increases in disaster risks due to climate change\, developing mod els that more accurately simulate the propagation of shocks through econom ic networks becomes crucial for designing effective prevention and recover y strategies. Except for some studies that use macroeconomic models to ass ess indirect risk at the sectoral level\, indirect risk at the firm level is rarely well quantified. In this work\, I propose an indirect risk asses sment approach that bridges macroeconomics and microenterprises. This appr oach divides the indirect risk of enterprises into two parts: the average risk of the industry determined by the characteristics of the industry to which the enterprise belongs\, and the risk coefficient determined by the characteristics of the enterprise itself. We use an agent-based model equi pped with general equilibrium theory to evaluate the former\, and machine learning techniques to evaluate the latter. On top of a more comprehensive risk assessment\, the proposed approach provides a modeling framework for analyzing the indirect risk face by specific firms.\n\nDaoping Wang is a Hoffmann Research Fellow at the University of Cambridge. He worked with ac ademics from the Department of Computer Science and Technology and the Jud ge Business School at the University of Cambridge\, to explore the applica tion of AI technologies in climate risk assessment and governance\, especi ally the indirect risk propagated on global supply-chain networks. He is a lso in collaboration with the Centre for Climate Engagement in Hughes Hall and the World Economic Forum to bring knowledge on global climate governa nce to policymakers\, stakeholders\, and the general public. LOCATION:Seminar time is 1pm BST in Room FW 11\, Willam Gates Hall. Zoom l ink: https://cl-cam-ac-uk.zoom.us/j/4361570789?pwd=Nkl2T3ZLaTZwRm05bzRTOUU xY3Q4QT09&\;from=addon END:VEVENT END:VCALENDAR