The fellowship is structured to achieve the following goals:

• Foster an Open-Source Research Community: Expand the Climate Risk Wiki, a collaborative platform where researchers, industry professionals, and policymakers share and refine methodologies for assessing climate-related financial risks.
• Provide Publishing & Dissemination Opportunities: Fellows will have access to open-access publishing support and be encouraged to submit research papers or technical reports for publication in leading climate and finance journals.
• Enhance Education & Industry Readiness: Provide a structured opportunity for fellows to engage in cutting-edge research, develop technical expertise, and explore policy implications—preparing them to tackle real-world challenges in climate risk assessment.
• Facilitate Collaboration with the New York Climate Exchange: Through this partnership, fellows will be able to engage with a network of industry professionals, researchers, and policy leaders, fostering practical applications of climate risk research.
• Bridge Research and Practice: Encourage collaborations between academia, industry, and government agencies to improve real-world applications of climate risk assessment.

The fellowship is open to:

• Graduate students pursuing research in sustainability, finance, risk modeling, or related fields.
• Early-career professionals in financial services, insurance, consulting, or risk management seeking expertise in climate-related financial risks.
• Policymakers and regulators integrating climate risks into financial and economic policies.
• Researchers, data scientists, and analysts with expertise in hazard data, exposure mapping, or damage modeling.

Candidates should have a strong interest in climate-related financial risks and be willing to contribute to an open-source knowledge base. Prior experience in programming (Python, R, MATLAB), data analysis, or risk modeling is beneficial but not required.

• Duration: 6 months
• Format: Remote, part-time (flexible hours)
• Compensation: This is an unpaid fellowship, focused on skill-building, research contributions, and publication opportunities.

Fellows will work independently while engaging in virtual meetings, group discussions, mentorship sessions, and joint research efforts with the New York Climate Exchange. The program is designed for students and working professionals, allowing flexibility in scheduling.

Fellows will work on a range of climate risk topics affecting financial institutions, businesses, and public sector entities, including:

• Hazard and Exposure Data Collection – Gathering and curating datasets on climate hazards and sector-specific exposures.
• Damage Functions & Financial Modules – Refining models to quantify economic losses from climate-related events.
• Climate Financial Markets & Stress Testing – Assessing the impact of climate shocks on global finance, exploring stress-testing methodologies and open-source financial risk assessment tools (e.g., NGFS scenarios portal).
• Corporate & Supply Chain Risk Assessment – Evaluating climate risks to businesses, global supply chains, and infrastructure.
• Insurance & Catastrophe Modeling – Advancing methodologies for estimating insurance losses using open-source models like Oasis Loss Modelling Framework and CLIMADA.
• Risk Modeling & Decision Support – Developing decision-making tools for investors, businesses, and policymakers integrating climate risk into their strategic planning.

At the conclusion of the fellowship, participants will have:

• Published their research (individually or collaboratively) in an open-access journal or as a white paper.
• Expanded the Climate Risk Wiki, adding high-quality research, methodologies, and case studies.
• Collaborated with the New York Climate Exchange, engaging in applied research and industry discussions.
• Gained hands-on experience with climate risk datasets, models, and industry-standard tools.
• Built a professional network of leading experts across finance, climate science, and risk modeling.

Interested candidates must submit:

• Curriculum Vitae (CV) – Detailing academic and professional experience.
• Research Interest Statement (1-2 pages) – Outlining their research interests and how they hope to contribute to the fellowship.

Applications will be reviewed based on:

• Alignment with fellowship objectives
• Relevant experience
• Potential contributions to open-source knowledge and collaborative research

Fellows will have direct access to leading researchers, policymakers, and industry professionals through:

• Mentorship sessions – One-on-one guidance from academic and industry leaders in climate science, finance, and policy.
• Guest lectures & panels – Featuring climate finance experts, risk modelers, and industry practitioners.
• Collaboration with the New York Climate Exchange – Connecting fellows with applied research opportunities and policy-focused discussions.