Recently, we held a webinar that discussed different methods of modelling to tackle the climate change issue. Our guest speaker, Dr. Christian Spindler, provided insight into what policymakers and consumers are doing to combat climate change and its effectiveness.
Event panelists
Dr. Christian Spindler is co-founder and CEO of the Green FinTech Sustainaccount, an organisation which enables SMEs to manage their ESG data and enables banks with untapped ESG data to create decarbonisation finance products.
He has previously served as Senior Manager for IoT and Machine Learning at PwC. He also gained extensive experience in industrial IoT and processes as Senior Researcher at the global electro-technology company, ABB. During the webinar, Dr. Spindler represented his belief that digitalisation and data analytics are the keys to decision-making.
Alongside Dr. Spindler was Jeremy Smith, Head of Banking and Finance at Kaplan. Jeremy started city-based training in 1998 and has since built a strong representation in the industry as an exceptional trainer, course designer and manager of clients, staff and products.
Key topics discussed
Financial climate risks (revised)
Dr. Spindler used the Top 10 Global Risks Report (2023) from the World Economic Forum to show how natural and climate risks are found high up in both the long and short-term financial risks.
He continued to discuss financial climate risks by noting that there are many different drivers of the climate transition, such as real estate, where people are working to combat the risks of climate change and pushing to make net-zero commitments.
Transition risk modelling
We discussed the differences between transition and physical risks and how they can be measured through the analysis of data.
Transitional risks can happen further in the future, therefore the reactions to climate change from policymakers and consumers (the public) need to be analysed. Carbon taxing on energy consumption is one key example of transitional risk modelling.
After looking at the long and short-term risks of failing to migrate climate change, Dr. Spindler provided statistics surrounding transitional risk modelling by assessing how people are being held accountable for climate risks, the depths of risk analysis, and the usability of existing models.
Physical risk modelling
Moving onto physical risk modelling, Dr. Spindler highlighted some examples that fall under this criterion, such as natural disasters, heavy rain and heat waves. Using real estate as the key example, Dr. Spindler explained how certain climate conditions are significantly impactful due to damage to buildings and the concern for the well-being of people.
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