Agenda Day 1: AI for Climate Science
Sessions – AI for Climate Science
Abstract:
Climate merges from the statistics of weather, and it changes because the weather changes in response to external forcing. Historically, and to this day, the standard approach to computing climate change has been the other way around — which is to compute the weather from the climate. This is backwards and wrong, but good enough, as you might imagine, to roughly understand the big picture. Understanding how the weather changes with climate is, however, a different story. It is not only useful to know the climate, but necessary to know the weather. The truth of this is becoming increasingly evident as many signatures of regional, even continental, scale climate changes are out of sample of traditional approaches. In this talk I will outline the various approaches to computing climate, and why we are at a threshold whereby compelling calculations of climate change should be possible by the end of the decade. This will help to understand why AI does not replace principled calculation, but can be useful in helping the data from the km-scale simulations be used more broadly.
Abstract:
The damages that are predicted from climate change pose long term risks for humanity, but the costs of mitigating these damages are also long term risks that impact firms in both positive and negative ways. The asset pricing implications of physical risks and transition risks are examined and related to the Paris Accord, government policy, financial regulation and portfolio selection.
A particular form of long run risk is termination risk which is the risk that a business will fail in an uncertain number of years. Firms and countries facing termination risk will naturally respond in various ways that affect asset prices and climate evolution.
Climate risk measures on VLAB.stern.nyu.edu are continually updated and will be assessed in the presentation.
Abstract:
After a brief summary of new data on climate change, the technical developments and current challenges of transitioning to clean energy will be given. Topics will include the challenges of integrating an increasing fraction of renewable energy and how to transition to more sustainable agriculture. Finally, economic measures of wealth in developed countries and their impact on sustainable growth will be discussed.
Parallel Sessions
Hybrid AI-Physics-based Climate-to-Weather Modeling
AI for Climate Risk, Adaptation and Sustainability
HPC for Climate and Earth System Data Analytics