Incorporating the costs of physical climate risks: A portfolio analysis approach

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Krister is a DPhil candidate in the School of Geography and the Environment, under the direction of Dr Ben Caldecott of the Oxford Sustainable Finance Programme. His research focuses on incorporating the costs of physical climate risks into the financial analysis of portfolios. Krister also has a keen interest in policy-relevant research and in extending the sort of analyses that have already been done for transition risk – such as financial sector stress testing – to the area of physical risk.

Before starting his doctoral studies, Krister worked most recently at Bloomberg New Energy Finance (BNEF), where he was one of the co-authors of “Financing the Low-Carbon Future”, the inaugural report of the Climate Finance Leadership Initiative (CFLI), founded by Michael R. Bloomberg at the request of the UN Secretary-General to help mobilise capital in response to climate change. The report examines challenges to mobilising climate finance across developed and emerging economies and highlights potential solutions through case studies drawn from both CFLI’s seven member firms (such as Goldman Sachs, HSBC and AXA) and the wider financial sector.

Prior to this, Krister spent nearly three years as a journalist at The Economist in London, where he was responsible for covering much of the financial sector, including asset management, insurance, financial regulation, and alternative investments. It was during this time that he developed a keen interest in environmental and climate finance, through his coverage of green bonds, ESG, impact investing, and the EU sustainable finance action plan.

At the beginning of his career, Krister had several internship experiences in the public sector, including at the European Parliament and the Secretary-General’s office at the OECD, which have left him with a lasting interest in public policy.

Krister holds an MSc in the Political Economy of Europe from the London School of Economics, and a BA in Economics from Harvard University.

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