At the Centre for Climate Risk and Resilience we provide evidenced-based research to decision-makers to meet the needs of businesses, industry and the government.
Our publications
CCRR working paper series
Constrain equilibrium climate sensitivity via composite likelihood
Li, M., & Cummins, D. (2024). Constrain equilibrium climate sensitivity via composite likelihood. Working Paper No. 2024/1. Centre for Climate Risk and Resilience, UTS Business School. University of Technology, Sydney
Short- and Long-term effects of key drivers in China’s Natural Gas market
Li, M., Sung, J., Shi, X. & Teske, S. (2024). Short- and Long-term effects of key drivers in China’s Natural Gas market. Working Paper No. 2024/2. Centre for Climate Risk and Resilience, UTS Business School. University of Technology, Sydney
A hybrid SARIMAX-LSTM model optimised by ANN for near-term forecasting: An application to China’s Natural Gas consumption
Li, M., Sung, J Shi, X Teske, S. (2025). A hybrid SARIMAX-LSTM model optimised by ANN for near-term forecasting: An application to China’s Natural Gas consumption. Working Paper No. 2025/1. Centre for Climate Risk and Resilience, UTS Business School. University of Technology, Sydney
Our research case studies
Climate Risk Disclosure: Measures for Best Practice
The financial risks of climate change are becoming of increasing concern to firms, investors and financial markets.
This project, funded by the Australian Research Council (ARC) Linkage scheme, is a multi-university collaboration in conjunction with the Australian Accounting Standards Board and the Auditing and Assurance Standards Board.
As part of this project, we investigate how firms should disclose the impact of climate-related risk on financial statements, the contribution of their own activities to climate risk and a best practice set of quantifiable metrics that can be assured by auditors.
The project offers insights into current best-practice evidence. Findings will enable firms to have direction in assessing and reporting the risks of climate change, and it will provide direction to accounting and audit professionals in their efforts to verify and assure financial reports.
An ARC Linkage Project
Creating Sustainability-Oriented FinTech Lending Platforms
Our innovative work at the intersection of FinTech (short for ‘financial technology’) and sustainability examines how the best of both worlds can be combined to create sustainability-oriented FinTech lending platforms.
FinTech lending is one of the many areas within FinTech and allows customers to access credit through their computer or smartphone, instead of visiting a bank.
Lending decisions are facilitated by technology that uses alternative data sources for purposes of screening and monitoring of borrowers.
We investigate how FinTech lending companies can use customers' environmental information to access their creditworthiness, and whether lending decisions based on environmental information can promote pro-environmental behaviour. Project outcomes will provide insights into how the societal transformation towards a low-carbon economy can be supported through technology.
Intersection of financial technology and sustainability
Physical Risks and Transition Risks
CCRR is helping businesses adapt to the physical and transition risk brought on by climate change.
The Task Force on Climate-Related Financial Disclosures (TCFD) identifies physical risks and transition risks as major risk categories resulting from climate change.
Physical risks result from slow-onset changes (e.g., sea level rise) as well as acute changes due to the increased frequency and/or severity of weather and climate extremes.
Transition risks include risks resulting from the transition to a low-carbon economy and can include the risk of stranded assets.
Our research focuses on understanding how business can adapt to these changes. We evaluate the location-specific impacts of climate change, costs and benefits of adaptation and assess the adaptation and resilience of companies and industries in various sectors.
We have undertaken work in various sectors, including the energy and agricultural sectors in Australia.
Adapting businesses to these climate changes
Caption: UTS Business School: Capacity Development for Indonesia’s Carbon Market
Caption: Centre for Climate Risk and Resilience teamed up with the Centre of Accounting and Development at Universitas Indonesia.
Caption: Their goal was to strengthen the development of a carbon market in Indonesia.
Both Australia and Indonesia face very significant challenges around decarbonisation, and both countries are very carbon-intensive. Essentially, both countries need to work out how we can decarbonise - and how we can decarbonise quickly.
Caption: Central to their strategy is collaborating with local industry and stakeholders.
There are a number of really essential pillars that need to be in place for a successful carbon policy - a successful carbon market to be in place. There needs to be very strong institutional commitment to it; very strong policy commitment.
What we also really need are localised solutions. And I think this is where, really, this project was so successful, because we were able to directly engage with stakeholders on the ground, who were directly able to talk to market participants and to build those connections - also between academia, industry and policy makers as well - which really showed us, the breadth of the expertise that we've got in place, but also, all the different solutions that we already know about, how they could potentially be implemented.
Caption: Without a decarbonisation plan, businesses face exposure to direct climate risks, transitional risks, and changing consumer expectations.
The project developed information on key mechanisms such as carbon taxation, carbon policy, emissions trading schemes. And these are terms not everyone is automatically familiar with. So what we were trying to do in the first instance is to make sure that, there was sufficient information available for how carbon taxation works - what does that mean for companies? What does that mean for certain industries? How carbon trading products and how companies can trade carbon certificates, for instance, how carbon markets can be designed in a way that this trading mechanism is set up.
Caption: For further information, contact ccrr@uts.edu.au
This was without a doubt, a fantastic study to be involved with, and it would not have been possible without the support of the Australia Indonesia Institute.
Caption: The Centre for Climate Risk and Resilience at UTS and the Centre of Accounting and Development at Universitas Indonesia acknowledge funding from the Australia-Indonesia Institute.
Logo and caption: UTS logo © University of Technology Sydney
CRICOS 00099F
TEQSA PRV12060
Our impact case studies
The life journey of an average receipt
Would you like a receipt? Across the globe this phrase is heard daily, following each purchase no matter how big or small. This research project explores the environmental impact behind this question – comparing the immediate impacts of an average paper receipt versus a digital alternative.
Helping small and medium size businesses decarbonise
UTS, in partnership with Unilever, Foodbuy, Scotpac, Origin Zero, ASBFEO, John Holland and AI Group are embarking on an interdisciplinary project to help Australia’s small and medium size businesses decarbonise.
Business cycle and long-run implications of increasing heat stress
What do the increasing temperatures caused by climate change mean for businesses? This research explores the economic cost of heat stress and its impact on labour capacity – aiming to contribute to the design of the best working restriction schedules under heat stress.
Assessing the impact of climate policy commitments on global financial markets
As more countries commit to net zero, climate policies are reshaping global financial markets. Our research explores how one nation’s climate action can ripple across borders—helping policymakers and investors navigate the economic risks of the low-carbon transition.
Achieving net-zero goals for corporations: Developing an evidenced-based decision-making and benchmarking tool
Australia has established mandatory climate-related financial disclosure standards for companies to align with major international developments. This research supports the development of an innovative decision-making tool to promote the achievement of science-based targets and net-zero goals.
CONTACT CCRR
Get in touch to talk with us about our goals and research, partnering with us, working with us and opportunities for collaboration.