495-28 - Climate Risk Strategy & Scenario Planning
Core/Elective: Elective
Credits: 0.5
Quarter Taught: Spring
Synopsis:
This course investigates how scenario planning can be utilized to inform corporate strategy to navigate physical and transition climate risks. Key climate models and reference scenarios (e.g., IPCC, IEA, NGFS) will provide a basis from which students gain familiarity with both qualitative and quantitative methods for evaluating vulnerability to climate risk. The course is structured around two primary projects: 1) students develop qualitative scenarios to aid decision-making in their personal lives (e.g., regarding where to live); 2) students deploy quantitative analysis to inform a climate-resilient strategy for a corporate enterprise. Students will draw from course discussions and readings related to strategic planning, climate risk and the growing literature around climate scenarios, in addition to hands-on exercises, to develop the requisite technical skills to undertake TCFD-aligned scenario analysis.
Course Objectives: By the end of this course, students will be able to:
- Use scenario analysis to aid strategic decision-making and inform organizational strategy with respect to climate-related risk and opportunities
- Deploy key qualitative and quantitative methods and tools, including reference scenarios from the IPCC and IEA
- Undertake TCFD-aligned scenario analysis and prepare corporate disclosures