Discovery Projects - Grant ID: DP230101458

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP230101458

Funding Status
Active

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Funded Activity Summary

Weather, climate & geological risks: derivative pricing & risk management. This project aims to create new mathematical models and approaches for the fair valuation and hedging of financial derivatives, tackling funding for climate change adaptation and catastrophic disaster risk management. Businesses use derivatives to strategically mitigate financial losses from adverse climate conditions and geological hazards. Expected outcomes are improved models for weather variables and hazard risk assessment; richer methodology from the fusion of mathematical techniques, data analysis and earth sciences perspectives; and quantitative solutions to pressing societal concerns. Significant benefits also include highly qualified personnel training and international collaboration on common multidisciplinary research priorities.

Funded Activity Details

Start Date: 01-01-2023

End Date: 31-12-2025

Funding Scheme: Discovery Projects

Funding Amount: $393,000.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Environment and climate finance | Financial mathematics | Applied mathematics |

ANZSRC Socio-Economic Objective (SEO)

Other Keywords

Applied mathematics | Climate Change Adaptation Measures (Excl. Ecosystem) | Climate Change Mitigation Strategies | Environment and climate finance | Expanding Knowledge In the Mathematical Sciences | Financial mathematics

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