The theme of this year’s conference is the relation between financial risk on the one hand and pandemic, climate and disaster risk, on the other hand, with particular attention to the possible compounding of different sources of risk.
The past year, 2020, has been marked by the still-ongoing COVID-19 pandemic crisis, which has shown how fragile our economic systems can be when confronted with shocks that threaten public health and the closeness of the connections between economic and financial risks and public policy.
Climate change is now widely recognized as a new source of financial risk which is relevant both at the level of households and individual institutions and the systemic level. In particular, the many central banks and financial institutions that have joined the Network for Greening the Financial System (NGFS) have issued recommendations on how to integrate climate considerations into risk management strategies and practices.
However, risks such as pandemics and climate change do not occur in isolation but can also compound, as has already been seen in several countries. The compounding of risk, which is currently poorly understood, increases the complexity of risk assessment and risk management, and it has implications for socio-economic development, as well as for public debt sustainability.
In the EU, these aspects have major implications for efforts to increase the resilience of the economy to future shocks and to “build back better”, and requires the alignment of COVID-19 recovery policies, such as those supported by the NextGenerationEU, and the EU Green Deal and the Paris Agreement targets.
Taverna La Fenice
Tel.: +39 0415223856
The Networking dinner will be held at Taverna La Fenice, on Thursday, September 22.
Taverna La Fenice was born and developed in symbiosis with the theatre “La Fenice”. The tavern is indeed adjacent to the entrance of the theatre from which artists got on the stage. From the foundation of the theatre, Taverna La Fenice has been a meeting place, where it is possible to enjoy a dinner or a cocktail. The place became a restaurant in 1860, but was best known for the corner bar open until late at night.
Today the Tavern is an attractive and refined alternative, where you can enjoy traditional and healthy recipes as well as drink just a great glass of red wine.