This panel event will feature three talks that showcase the range of climate research at Bayes Business school. The talks will both look at ways of mobilising business to tackle the climate emergency and will also critique the role that businesses play in shaping climate policy.
This event forms part of the COP26@City programme, a series of events and actions which demonstrate City’s commitment to reducing our environmental impact and playing our part in responding to the global climate challenge.
COP26 is the 26th UN Climate Change Conference of the Parties and this year it will take place in Glasgow between 31 October – 12 November. The COP26 summit will bring parties together to accelerate action towards the goals of the Paris Agreement and the UN Framework Convention on Climate Change.
Prof Paula Jarzabkowski, Professor of Strategic Management
Using ‘development insurance’ to help low-income countries respond to climate-driven disasters.
The ability to respond rapidly to climate disasters can alleviate their longer-term effects, including limiting loss of life and livelihood. Innovative disaster-liquidity insurance, provided through risk pools, is a growing way for low-income countries to respond rapidly to disasters because global reinsurance capital can payout faster than international aid can be mobilised. While risk pools are effective ways for countries to access this financing, having enabled 78 pay-outs to 24 countries between 2008-2020, they are also rife with tensions that can pull a pool apart. This presentation explains disaster-liquidity insurance, how it is provided through risk pools, and how working with the inevitable tensions that arise can actually lead to both better disaster risk mitigation and products that are better adapted to countries’ needs in the face of changing weather patterns.
Dr Aneel Keswani, Reader in Finance
Institutional investors and climate risks.
Institutional investors own the majority of shares in corporations around the world which puts them in a unique position to influence the environmental policy decisions of these firms. This presentation will discuss how the asset management industry can address climate risks by measuring and integrating carbon risks in investment portfolios.
Prof Bobby Banerjee, Professor of Management (Chair)
Climate (in)action in the time of Corona.
The Coronavirus caused a record fall in fossil fuel emissions in 2020, which climate policies and have consistently failed to do over the last thirty years. Responses to the pandemic have seen dramatic shifts in government policies, corporate strategies, and societal behaviour. The climate emergency calls for government action at a similar scale and speed that is being deployed to deal with the pandemic. The world is waiting for the pandemic to pass so the economy can grow again and we can return to ‘normal’ life. But what if ‘normal’ was the problem in the first place? But what if this artificial halt in the global economy is permanent? What would this mean for the future of work, jobs, and growth? What lessons can we learn from the pandemic to address the serious problems posed by climate change? These are some questions that I will explore in my talk.
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