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ONEPlanet DTP - High resolution climate modelling of extreme weather hazards and application to the analysis of risks relating to climate change (OP2203)

Faculty of Science, Agriculture and Engineering

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Dr S Guerreiro No more applications being accepted Competition Funded PhD Project (Students Worldwide)

About the Project

There is a significant gap between climate modelling and the application of model outputs in risk management and business decision-making. Regulatory and shareholder pressures are driving the risk industry to better understand their climate-related risks, through increasingly sophisticated requirements from e.g. the Prudential Regulation Authority or the Taskforce on Climate-related Financial Disclosures. While the insurance industry has deep expertise in managing catastrophe risks using catastrophe risk models, these are not designed to assess risks related to climate change. New models need to be developed which can create deterministic and probabilistic views of risk relating to damages caused by high winds, flooding, wildfire, storm surge and other natural hazards. High-resolution convection-permitting climate models (CPMs) enable new techniques to be developed.

This PhD project would explore new climate model developments, from FUTURE-STORMS (benefits of CPMs for extreme rainfall, strong winds, hail and lightning) and STORMY-WEATHER (creating plausible future storm hazards), and match them to needs of users, incl. finance industry and investment houses, engineering companies, logistics and construction firms. It will involve designing relevant metrics that capture the frequency and severity of natural hazards from high-resolution climate model outputs for global-scale diagnostic risk and impact assessment and for detailed site specific risks. The student would gain an ability to manipulate large climate model datasets, derive useful indices, and critically assess the robustness and applicability to risk analysis to deliver new, cutting-edge risk analysis tools.

The project is partnered with the Willis Research Network (WRN) at WTW. WTW is currently developing a raft of climate risk data and tools for its risk advisory services to clients, and public sector bodies, wishing to develop their understanding of how climate change will affect their business. There is opportunity to interact and collaborate with the global network of research scientists in WRN, as well as in-house experts at WTW.

Funding Notes

Each of our studentship awards include 3.5 years of fees (Home), an annual living allowance (£15,285) and a Research Training Support Grant (for travel, consumables, as required).

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