Climate Change : Macroeconomic Impact and Implications for Monetary Policy, December 4, 2020
In December 2020, the Climate Impact Lab, the San Francisco Federal Reserve Bank, the Energy Policy Institute at the University of Chicago, the Goldman School of Public Policy at the University of California, Berkeley, the Kenneth C. Grifn Applied Economic Incubator, and Rhodium Group brought together policymakers, regulators, and leading researchers on the topic of physical climate risk to the U.S. financial system.From heatwaves and hurricanes to wildfires and high tide flooding, American property and infrastructure is increasingly exposed to damaging weather events. This is especially true for the economically vulnerable communities that are least equipped to cope. Chronic, longer-term shifts in temperature and other climate hazards are impacting productivity and performance across the economy. What role is there for U.S. financial regulators in managing the risks? This one-day virtual conference brings together policymakers, regulators, and leading researchers on the topic of physical climate risk to the U.S. financial system.
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Federal Reserve Bank of San Francisco
