Dmitry Yumashev from the Pentland Centre for Sustainability in Business delivers this research seminar.

Abstract

Climate change caused by multiple emissions accompanying our economic activities is now widely understood to be the biggest force that has potential to exacerbate the existing problems facing mankind and negatively affect the prospects of long-term socioeconomic development globally.

The recent Paris Agreement has provided the first comprehensive roadmap of its kind which could serve to achieve substantial cuts in global emissions in order to avoid the worst impacts of climate change. The policy changes pledged by the individual countries as part of the Paris Agreement are based on a wide range of modelling studies spanning across the fields of climate science and economics, and their successful implementation relies on management studies tackling the required behavioural changes in individuals and organisations.

The work on all these fronts is very much ongoing; in particular, further quantitative assessments of the underlying risks are needed to narrow down the multiple uncertainties and design more effective policies to deal with climate change. In this talk I am going to describe some of the modelling approaches that are being used in shaping climate policy, and will present the latest results of our work at the Pentland Centre aiming to put a global price tag on the rapidly warming Arctic. 

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