Research on the Dynamics of Climate and the Macroeconomy: Proceedings of a Workshop - Softcover

National Academies Of Sciences, Engineering, And Medicine; Division Of Behavioral And Social Sciences And Education; Board On Environmental Change And Society; Policy And Global Affairs Division; Board On Science, Technology, And Economic Policy; Division On Life And Earth Studies; Board On Atmospheric Sciences And Climate; Roundtable Of Macroeconomics And Climate-Related Risks And Opportunities

Softcover

ISBN 10: 030972127X ISBN 13: 9780309721271

Publisher: National Academies Press, 2024

Synopsis

Understanding the intricate relationship between climate dynamics and the macroeconomy is crucial for informed policy and long-term planning. However, there is a gap between climate modeling and the understanding of its full macroeconomic effects, partly due to challenges such as nonlinear climate dynamics, feedback loops, and model complexity. To address this, the National Academies of Sciences, Engineering, and Medicine, under the auspices of the Roundtable on Macroeconomics and Climate-Related Risks and Opportunities, convened a workshop on November 1-2, 2023, to consider the state of knowledge on cascading, compounding, and nonlinear physical climate risks and their implications for the macroeconomy. Through panels of invited speakers and interactive breakout discussions, the workshop focused on physical climate risks and explored how different disciplines assess and model impacts. Workshop discussions explored current and historical examples of shocks to the macroeconomy and how those have been modeled, and experts shared some of the lessons they have learned that may be relevant to policy makers today.

Edition details

• Publisher: National Academies Press
• Publication date: 2024
• ISBN 10: 030972127X
• ISBN 13: 9780309721271
• Binding: Paperback
• Language: English
• Number of pages: 92