I am much better at recalling examples than abstract concepts. And so, a year from now, I expect to remember Wallom's discussion relating to the Oregon forest risk project. The study examined the impact of climate change on bark beetle infestations in Northwestern U.S. forests – a region important to me given I grew up in Seattle. The research demonstrated how environmental changes affect the entire forestry pipeline – as an increase in pest prevalence devalues wood, and in turn, disrupts the economic framework of the industry.
I am planning to enter the finance industry, and am always curious about predictions for emerging markets. Wallom's exploration of infrastructure vulnerabilities – propagated by climate change – such as the increased demand on the UK's aging electricity network, could significantly influence my future in finance. Understanding the dynamics between demand, supply, and incentive in the infrastructure industry is crucial for developing financial portfolios that account for and hedge against the economic risks of climate change.
I also listened to Professor Wallom's interview and took noted of the Oregon forest risk project. It really helped to open my eyes to how the seemingly small effects of climate change can have large impacts. I like how you considered how your interest in finance and the risks that climate change creates for infrastructure intersect.
https://drive.google.com/file/d/1bX25QRGS1OJV_z0XXcmSj66G-kwqeeqZ/view?usp=share_link