Detecting Rising Wildfire Risks for South East England.

In July 2022 southeast England experienced a record breaking heatwave and unprecedented wildfires in urban areas. We investigate fire weather trends since 1960 in southeast England using a large ensemble of initialised climate models. Record smashing temperatures coincided with widespread fires in London, and we find that while wildfire risk was high, it was not record breaking.

Diversification of forestry portfolios for climate change and market risk mitigation.

Investments in forestry are long-term and thus subject to numerous sources of risk. In addition to the volatility from markets, forestry investments are directly exposed to future impacts from climate change. We examined how diversification of forest management regimes can mitigate the expected risks associated with forestry activities in New Zealand based on an application of Modern Portfolio Theory.