February 18, 16:00 - 17:00
Increasingly, financial decision-makers are asked to assess, disclose and respond to climate-related risks across a range of potential future scenarios. In the project StressTest, CICERO will produce scenario data and guidelines that will allow help financial actors to respond to regulatory initiatives on scenario use.
CICERO’s new sector briefs cover the most important aspects of climate risk and impact to investors and lenders. The climate risk assessments of agriculture, aluminium, aquaculture, land transport, real estate and shipping have been developed in partnership with CICERO Shades of Green and leading Norwegian financial institutions.
This suite of scientific factsheets aim to build financial decision-makers' understanding about physical climate risk assessment, data needs, climate modeling and extreme events.
The model for Global Responses to Anthropogenic Change in the Environment (GRACE) is a multi-sector, multi-regional, recursively dynamic global computable general equilibrium model (CGE) written in GAMS and based on GTAP database. The initial version of the model was developed at CICERO by Aaheim and Rive (2005) for long-term economic analysis of climate change impacts and greenhouse gas abatement policy. It was designed to allow for additional modules for analysis, including emissions permit trading and climate impacts on economic sectors. Coupled with an atmospheric model, the model can also be used for integrated assessment modelling of the climate and economy. Since then several versions have been developed by updating data and certain modules for various studies. Go back to the general introduction.