PhD students gain hands-on experience with economic and engineering tools to address climate physical and transition risks
From May 27–29, 2025, IUSS Pavia welcomed 40th Cycle PhD students from the SDC program for the CU2 Training on Managing Climate Physical and Transition Risks—a three-day event blending theory and practice to build cutting-edge skills.
Throughout the workshop, participants engaged with advanced economic modeling techniques, including:
🔸 Agent-Based Models (ABMs) – to simulate complex and adaptive economic behavior
🔸 Stock-Flow Consistent (SFC) Models – to connect financial systems with the real economy
🔸 Input-Output (IO) Models – to analyze environmental impacts across sectors
In parallel, the program introduced participants to essential engineering methods, such as hazard mapping, risk analysis (including direct, indirect, tangible, and intangible effects), and cost-benefit evaluation of risk mitigation strategies.
Hands-on sessions using R and Excel, along with real-world datasets and a final group case study, allowed students to apply interdisciplinary methods to concrete climate scenarios.
This training equipped early-stage researchers with the analytical tools needed to understand and manage climate risks—bridging economics, engineering, and environmental science for smarter, more integrated solutions.
Stay tuned for more updates and upcoming CU events!