Novel perspectives on cross-border cascading climate change impacts and systemic risks

The event covered a wide range of topics, reaching from conceptual frameworks of cross-border and cascading climate impacts and risks, to policy analysis methods, climate physical risks and impacts on the financial system. The organisers invited the scientific “cross-border risks” community to share research results and policy recommendations and identify knowledge gaps and directions for future research.

The hybrid conference featured more than 70 oral presentations in parallel sessions, key notes, poster and multimedia experience sessions, high-level panels with participants from UNFCCC, European Commission and ECB, bringing together the state-of-the-art knowledge on cascading and systemic risks.

“The past years have shown us that a deeper understanding of the complexities of how impacts of climate and other crises such the COVID-19 Pandemic or the war on Ukraine interact and propagate through our globally connected financial and trade system is needed. The conference has shown that we have the capacities and the knowledge to embrace this complexity and support the development of coherent policies,” says PIK-scientist and head of the organizing team Christopher Reyer. 

“Great to have been working at the forefront of the research that is needed to cope with real-life complex high-risk events!”, adds IPCC co-chair Bart van den Hurk from VU University Amsterdam, coordinator of "RECEIPT", a project on climate impacts in a globalized world. Among the key note speakers were Hans Joachim Schellnhuber, director emeritus of PIK and leader of the Bauhaus Earth initiative, Nicola Ranger, from the Environmental Change Institute at the University of Oxford, Yasuko Kameyama from Tokyo University and Gabriel Felbermayr, Director of the Austrian Institute of Economic Research (WIFO). The joint conference marked the final event of the EU sister projects "CASCADES" and "RECEIPT".