Macroeconomic modeling supports policy making and federal budgeting, but the long term impacts of climate change have the potential to cause economic disruptions that may not be well-represented in the models. The National Academies Roundtable on Macroeconomics and Climate-related Risks and Opportunities is hosting a hybrid workshop on June 14 and 15, 2023 to consider current macroeconomic models and identify ways in why they can (or cannot) incorporate climate-related factors.
The workshop will bring together economists, public policy makers, and other experts to identify avenues for improving current macroeconomic models to better incorporate climate-related risks and opportunities and more effectively inform policy making. Participants will explore the economic impacts and risks of climate change, the relevant aspects of the energy transition for the macroeconomy, and the implications of physical climate risks for the public and financial sectors. The workshop will culminate in a synthesis discussion that considers steps needed to advance macroeconomic modeling to appropriately account for macroeconomic impacts of the energy transition and climatic disruption.
For additional details and to view the agenda when it is published, visit the event webpage. This meeting will take place virtually and in Washington, D.C. at the National Academy of Sciences.
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