Center on Financial Risk in Environmental Systems

Environmental uncertainty poses a growing number of financial risks on society, with droughts, floods, extreme temperatures and violent storms imposing global costs that approach $500 billion a year. Financial instruments, such as index insurance or hedging contracts, can be used to mitigate economic losses from events, such as droughts and hurricanes. With a more advanced understanding of the environmental conditions and factors that give rise to these risks, opportunities abound to develop more innovative contract structures for a range of applications.

Research and developing tools for use in analyzing environmental financial risk requires interdisciplinary expertise in the areas of environmental modeling, economics and finance. Research is underway to identify and characterize financial risks linked to environmental events and transfer this work into practical application through relationships with the financial risk management community. UNC and Institute researchers are at the forefront of this emerging field that provides great potential for academic scholarship as well as significant application for a number of industries.

Visit the Center on Financial Risk in Environmental Systems web site.

Science Cafes + Town Hall Talks at the NC Museum of Natural Sciences

Updates

UNC launches innovative Center on Financial Risk in Environmental Systems

Characklis named Singer Distinguished Professor

IE awarded $100,000 by Duke Energy Foundation to study water, energy sustainability in North Carolina

UNC-led team given $2.2 million grant to develop water strategy for Southeast

Greg Characklis invited to attend National Academy of Sciences event

Learn more about Center faculty and researchers

Greg Characklis, Director
Jordan Kern, Research Associate Professor