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Author Archives: zhare09p

CEFGroup PhD Presenting at the Inaugural Winds of Change North Asia Virtual Symposium


CEFGroup PhD candidate, Ling Liao, together with her three teammates, will be presenting their team project entitled “The Role of Carbon Market in Decarbonizing China and NZ” at the inaugural Winds of Change North Asia Virtual Symposium. The symposium is organised by the North Asia Centre of Asia-Pacific Excellence. More info below:

  • Registration Link: HERE
  • Date and Time: Thursday the 1st of December 2022, 1pm to 4pm New Zealand Time (or 8am to 11am Beijing Time)
  • More detail about the participants and projects: See attached document
  • More about Winds of Change: HERE

ABOUT WINDS OF CHANGE NORTH ASIA VIRTUAL SYMPOSIUM

The North Asia Winds of Change programme unites postgraduate students from New Zealand and China to explore climate change impacts and resilience strategies by learning from both countries. This is the inaugural North Asia version of the programme, following on from the success of the Latin America CAPE Winds of Change programme focusing on collaboration between New Zealand and Chile.

Fittingly, this first North Asia edition coincides with the 50th anniversary of diplomatic relations between New Zealand and China and illustrates the continued value of this important relationship. The participants will share the results of their collaborative projects, in the areas of water conservation, food waste, carbon markets, marine diversity, and green hydrogen.


Call for Papers – International Review of Economics and Finance Special Issue


CALL FOR PAPERS for a Special Issue on “Green Investing, Green FinTech, and Clean Technology” for the International Review of Economics and Finance

Guest Editors: Professor Ivan Diaz-Rainey (Director, CEFGroup) and Professor Ehsan Nikbakht (C.V. Starr Distinguished Professor of Finance, Hofstra University).

This special issue aims at exploring the interactions between climate change, sustainability, clean technology, FinTech and green investing through rigorous interdisciplinary research from academia and industry. Authors are invited to submit their papers in English through the journal’s submission system by 1st November, 2023.

For more information, please visit IREF – Call for Papers


Diaz-Rainey Speaking at Climate Change, Insurance, Finance and Housing Workshop


Climate and Energy Finance Group (CEFGroup) Director, Dr. Ivan Diaz-Rainey, is presenting at the Climate Change, Insurance, Finance and Housing Workshop next Wednesday. Details below:

  • Presentation Title: Implications of Climate Change Risk on Residential Property Values and Financial Stability
  • Date and Time: Wednesday the 23rd of November, 1:00-1:25 pm New Zealand Time [Note that the workshop runs from 9am to 6pm]
  • Registration Link: HERE
  • Location: Decima Glenn, Level 3, Sir Owen G Glenn Building, 12 Grafton Rd, Auckland, New Zealand
  • Full Program: Climate Change, Insurance, Finance and Housing Workshop

ABOUT THIS EVENT

Join us to hear from industry experts and academics on the implications of climate change on Aotearoa’s housing markets with the introduction of new government policies on managed retreat and adaptation and discuss the future of housing as we face the prospect of financial and insurance retreat. At the conclusion of the event, there will be networking opportunities.

The workshop hosted by Resilience of the Housing Market Research Group, a joint initiative of the University of Auckland – Business School Departments of Property and Commercial Law.

Lunch, morning and afternoon tea will be provided.


Diaz-Rainey Joins RNZ Panel Discussion Including Flooding Hazards to Property


A recent NZ government report has identified dozens of communities at serious risk of flooding, with most having little protection in place to prevent flood hazards. In a recent RNZ panel, CEFGroup Director, Professor Ivan Diaz-Rainey, shared his insights on what how climate change would affect property values in flood-risk areas, and what impact flooding could have on insurance and mortgage lending risk.

The full recording is available via the following link: RNZ – The Panel with Verity Johnson and Chris Wikaira (Part 1).


Diaz-Rainey Comments on COP27 ‘Loss and Damage’ Financing Discusssion


For more than a decade, wealthy nations have rejected official discussions on what is referred to as loss and damage, the term used to describe rich nations paying out funds to help poor countries cope with the consequences of global warming for which they bear little blame.

COP27 is a turning point. For the first time, the issue of ‘loss and damage’ has finally made it onto the official agenda and become one of the dominant themes at the annual climate conference.

CEFGroup’s Director, Professor Ivan Diaz-Rainey, commented on COP27 ‘loss and damage’ financing discussion. Ivan said that the economic damages was huge in just the past decade alone, and expected developed countries to push for funding to come from, and be administered by, a number of different sources including the private sector. Ivan said time will tell whether promises by rich countries actually eventuate.

For more information, visit: RNZ – COP27: Time for Rich Countries to Pay Poorer Ones for Years of Climate Damage – Expert and Rich Countries Agree to Discuss Climate Compensation for Poor.


Climate Change: NZ Banks, Homeowners Exposed to Rising Flood Risk


CEFGroup’s Director, Professor Ivan Diaz-Rainey, had an interview with NZ Heralds this Tuesday. He shared his concerns re how climate risks affects the New Zealand housing market, and how this would pose risk to the country’s economy.

Diaz-Rainey and his team are exploring the threat themselves, in the Marsden Fund-supported project that involves developing new models to test property impacts against.

For more information, visit: NZ Herald – Climate Change: NZ Banks, Homeowners Exposed to Rising Flood Risk and the STRAND Marsden Fund Project’s home page.


CEFGroup’s Presentation to Stanford SFI Seminar


CEFGroup’s Professor Ivan Diaz-Rainey and Dr Quyen Nguyen presented to Stanford University‘s Sustainable Finance and Investment Seminar today. They introduced how transition risk is measured and highlighted associated challenges with particular focus on corporate carbon footprints,

Diaz-Rainey and Nguyen showed that the application of machine learning algorithms to fill the carbon data gaps lead to improved prediction accuracy especially in Scope 1 and Scope 2 emissions. For Scope 3 emissions, firms’ voluntary disclosures have measurement divergence and incomplete composition problems, and prediction accuracy is primarily limited by low observations in particular categories.

Finally, they used actual and predicted corporate carbon footprint data to examine US banks’ exposure to climate transition risk using a bottom-up, loan-level methodology incorporating climate stress test based on the Merton probability of default model and transition pathways from the Intergovernmental Panel on Climate Change.

The presentation drew from several research projects of Diaz-Rainey and Nguyen, including their work with EMMI.

For more information, visit HERE.

For Stanford Precourt Institute for Energy’s upcoming events, visit HERE.


CEFGroup Deputy Director’s Sharesies Shared Lunch Podcast


CEFGroup Deputy Director, Dr Sebastian Gehricke, spoke at the Sharesies Shared Lunch Podcast today. Details below:

  • Date and Time: Thursday 13th October 2022, 12:15pm-1:15pm New Zealand Daylight Time
  • Recording available HERE
  • Description: Demand is ramping up for investments to meet environmental, social and governance standards. But is the impact an investor is hoping to achieve the same as a fund will deliver? ESG can take many guises so what really makes an impact? Sharesies discussed this dilemma and much much more with Dr Sebastian Gehricke from Otago University’s Climate & Energy Finance Group.

Shared Lunch is a conversation with experts, CEOs, and you. Each week, Sharesies alternates between an interview with a company leader and an industry deep dive. Episodes are hosted by BusinessDesk journalists including Frances Cook and Dan Brunskill.


CEFGroup Director Speaking at the 2022 World Investor Week in AIFC


CEFGroup Director, Professor Ivan Diaz-Rainey, has been invited to join a panel discussion on “Investing in Sustainable Finance Products” at the 2022 World Investor Week (WIW) in AIFC. Details below:

  • Date and Time: Wednesday 5th October 2022, 6:00pm-6:50pm New Zealand Daylight Time (or Wednesday 25th October 2022, 11:00am-11:50am Alma-Ata Time)
  • Event Page: Visit HERE. Full program available HERE
  • Link for Registration: HERE

WIW will be held in the AIFC from 3rd to 7th October 2022 in hybrid format. This year the central theme of the WIW-2022 is “Sustaining Resilience Investing”. The events will be conducted under three tracks: (1) Understand risks; (2) Embrace education; and (3) Invest smart.

The main objectives of the event are: (1) promotion of investor education and protection; (2) raising awareness about consumer protection and investment risks; (3) facilitating financial education and financial literacy through informing about investing smart; (4) discussion of innovations in financial markets.

Thematically, the world investor week at AIFC is devoted to raising awareness on investor resilience, investor education and protection, crypto assets, sustainable finance, Islamic finance, frauds and scams prevention. Several thematic forums, such as ESG Investments Forum, New Financial Instruments Forum, Digital Assets Investments Forum, Islamic Finance Forum, Financial Literacy Forum and others will be held on margins of the WIW.


CEFGroup Working Paper Accepted for Presentation at the Frontiers of Climate and Nature in Macroeconomics and Finance Conference


CEFGroup’s working paper, entitled Performance and Climate Risk in Microfinance Institutions, has been accepted for presentation at the Frontiers of Climate and Nature in Macroeconomics and Finance Conference. Details below:

The conference is hosted by the Banque de France, Network for Greening the Financial System (NGFS), sustainable macro and INSPIRE. Full program attached below. For more information, please visit the event page.

Frontiers of Climate and Nature in Macroeconomics and Finance Conference Program