The Changing Climate and its Impacts on Extreme Climate and Weather Events

You are invited to attend Francis Zwiers’ talk as part of the Banff International Research Station’s workshop on climate change scenarios and financial risk.

It is generally accepted that the world’s climate is undergoing rapid change. With changes in temperature and precipitation patterns, regionally and globally, particular areas could encounter longer periods of drought or more intense rainfall events. The financial industry is acutely aware of the potential for an increase in this form of credit risk but there are currently only limited and insufficient ways of providing an assessment of the magnitude.

This talk will be on our understanding of observed and projected changes in the frequency and intensity of extreme climate and weather events. We will consider some of the challenges in estimating the likelihood of rare, high impact events that produce large impacts and, consequently, high financial risk.

Featured image by Francis Zwiers