Climate and macroeconomy crucial for risk assessments and long-term planning

On November 1st and 2nd, 2023, the National Academies’ Roundtable on Macroeconomics and Climate-related Risks and Opportunities presents a two-day workshop entitled “Macroeconomics and Climate-related Risks and Opportunities: The Dynamics of Climate and the Macroeconomy.” Further, the workshop examines the state of understanding of cascading, compounding, and nonlinear physical climate risks and respective implications for the macroeconomy. “Understanding how climate impacts and the macroeconomy interact is crucial for informed policy, risk assessments, and long-term planning.” The first day of the workshop focuses on physical climate risks and how different disciplines assess and model impacts. And, the second day of the workshop explores examples and lessons learned, culminating in interactive breakout sessions “…to identify the needs and priorities necessary for an agenda to advance research on systematic risk assessment.”

About the Roundtable

The National Academies’ Roundtable on Macroeconomics and Climate-related Risks and Opportunities is a new venue for federal agencies and cross-disciplinary experts in academia, industry, and non-governmental organizations to discuss challenges associated with integrating climate change and climate policy into macroeconomic analyses and projections. The Roundtable is comprised of volunteer experts in fields including economics, earth and life sciences, public policy, engineering, and sociology, and also welcomes several members in an ex officio capacity, including from the White House Council of Economic Advisors and the Office of Management and Budget. This effort aims to develop a scholarly and analytic foundation that can inform policy with macroeconomic analyses that incorporate a full, nuanced, and rigorous understanding of the potential impacts of climate change and climate-related transitions. Visit the project page to sign up for email updates about our work.

© 2023 National Academy of Sciences, All rights reserved.

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