Climate change and financial risk

 Climate change and financial risk. The SF Fed's virtual seminars on climate economics

The Intergovernmental Panel on Climate Change has just published its sixth report, warning of “unprecedented” effects and “irreversible” damage. For more than a year, the Federal Reserve Bank of San Francisco has been running its Virtual Seminar on Climate Economics to help economists estimate, model, and propose policies to mitigate the extent of the crisis. Glenn Rudebusch of the FRBSF tells Tim Phillips that “the economics profession as a whole has been slow to grapple with climate change”, and so the seminars are bringing fresh, interdisciplinary research to a wider audience.

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