Managing the Risk of Catastrophes: Protecting Critical Infrastructure in Urban Areas

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Managing the Risk of Catastrophes: Protecting Critical Infrastructure in Urban Areas


November 1, 2013

8:00 a.m.	Registration and Continental Breakfast




8:25 a.m.	Conference Moderator: Joseph Tracy Executive Vice President, Federal Reserve Bank of New York




8:35 a.m.	Welcoming Remarks James McAndrews Executive Vice President and Director of Research, Federal Reserve Bank of New York




8:45 a.m.	Keynote Address An Economic Perspective on Climate Change Policy Dr. Robert Stavins Albert Pratt Professor of Business and Government, John F. Kennedy School of Government, Harvard University; Coordinating Lead Author, Working Group III of the Fifth Assessment Report of the United Nations Intergovernmental Panel on Climate Change




9:30 a.m.	Session 1: Dimensions of the Risks to Infrastructure in Urban Areas Modeling Risks to Infracstructure in Urban Areas Dr. Patricia Grossi Director, Model Product




10:15 a.m.	Session 2: Economic Framework for Managing Risks to Critical Urban Infrastructure Protecting Critical Infrastructure When the Costs and Benefits are Uncertain Dr. Robert Lempert Senior Scientist and Director of the Pardee Center for Longer Range Global Policy and Future Human Condition, the Rand Corporation Insuring Infrastructure Against Disaster Losses Dr. Howard Kunreuther James G. Dinan Professor of Decisions Sciences and Public Policy and Co- Director, Risk Management and Decision Processes Center, Wharton School, University of Pennsylvania




12:00 p.m.	Lunch Coastal Cities and Climate Change Dr. Michael Oppenheimer Albert G. Milbank Professor of Geosciences and International Affairs, Woodrow Wilson School and Department of Geosciences, Princeton University




2:00 p..m.	Session 3: Public- and Private-Sector Strategies to Reduce Risk and Losses to Infrastructure from Disasters Risk and Opportunity: Managing Risk For Development Dr. Stephane Hallegatte Senior Economist, World Bank and Meteo-France Resilient Responses to Catastrophes Impacting Critical Urban Infrastructure Dr. Adam Rose Research Professor, Sol Price School of Public Policy; Coordinator for Economics, Center for Risk and Economic Analysis




3:30 p.m.	Session 4: Risks to New York City and Mitigation Strategies Managing the Risk of Catastrophes: Protecting Critical Infrastructure in Urban Areas Dr. Klaus Jacob Adjunct Professor of International and Public Affairs, School of International and Public Affairs, Columbia University; member of the New York Panel on Climate Change and the New York State Sea Level Rise Task Force The New York City Panel on Climate Change: Climate Risk Information Dr. Cynthia Rosenzweig Senior Research Scientist, NASA Goddard Institute for Space Studies at Columbia University; Co-Chair of the New York City Panel on Climate Change Seth Pinsky Executive Vice President, RXR Realty Former President, New York City Economic Development Corporation




4:30 p.m.	Closing Commentary James Orr Vice President, Federal Reserve Bank of New York Rae Rosen Vice President, Federal Reserve Bank of New York