F71GF - Climate Change and Sustainability

Course leader(s):

• Maria del Carmen Boado Penas (Edinburgh, January)

Syllabus

1. Climate emergency: understanding the risks

2. Climate Change and Inequality: Societal response to climate change

3. Climate scenarios. Actuarial index, climate scenarios assessment and the tipping point

4. Impact of climate change for the financial sector: development of the green and sustainable finance sector globally and challenges for green and sustainable finance in the years to come

5. Relevance of climate change for insurance: challenges on life, health and nonlife

6. Impact of climate change and pensions

7. Biodiversity

1. Introduction to Climate Change

2. Societal response to climate change

3. Financial regulation

4. ESG Rating of Companies and Taxonomy

5. Risk management strategies

6. Climate change models

7. Impact of climate risks on the insurance and the financial sector

Learning outcomes

By the end of the course, students should be able to do the following:

• Describe the key factors that underpin the science of climate change.
• Explain the societal response from different stakeholders to climate change
• Understand the effects of climate change on inequality
• Understand the importance and challenges of climate-scenario modelling, including tipping point.
• Recognise the impact and challenges for sustainable finance and the insurance sector in the years to come.
• Propose strategies for how the financial and insurance sectors, including pension funds, can facilitate the transition to a sustainable, low-carbon economy.
• Recognise the biodiversity & nature-related risks relevant to actuaries.

Further details

Curriculum explorer: Click here

SCQF Level: 11

Credits: 15