Research on the Dynamics of Climate and the Macroeconomy: Proceedings of a Workshop (2024)
Chapter: Front Matter
Proceedings of a Workshop
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This activity was supported by contracts between the National Academy of Sciences and Bezos Earth Fund, National Oceanic and Atmospheric Administration, National Science Foundation, Wallace Global Fund, and William and Flora Hewlett Foundation. Any opinions, findings, conclusions, or recommendations expressed in this publication do not necessarily reflect the views of any organization or agency that provided support for the project.
International Standard Book Number-13: 978-0-309-72127-1
International Standard Book Number-10: 0-309-72127-X
Digital Object Identifier: https://doi.org/10.17226/27811
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Suggested citation: National Academies of Sciences, Engineering, and Medicine. 2024. Research on the Dynamics of Climate and the Macroeconomy: Proceedings of a Workshop. Washington, DC: The National Academies Press. https://doi.org/10.17226/27811.
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WORKSHOP PLANNING COMMITTEE ON THE DYNAMICS OF CLIMATE AND THE MACROECONOMY
ERIC KEMP-BENEDICT (Co-Chair), Stockholm Environment Institute
TIMOTHY LENTON (Co-Chair), University of Exeter
BRAD COLMAN, American Meteorological Society
WENDY EDELBERG, Brookings Institution
SATHYA GOPALAKRISHNAN, The Ohio State University
LORI HUNTER, University of Colorado Boulder
PAULINA JARAMILLO, Carnegie Mellon University
Staf
BRIDGET MCGOVERN, Study Director
KATRINA HUI, Associate Program Officer
ANNE MANVILLE, Program Assistant
LINDSAY MOLLER, Research Associate
AMANDA PURCELL, Senior Program Officer (until July 2023)
DANIEL TALMAGE, Program Officer
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BOARD ON ATMOSPHERIC SCIENCES AND CLIMATE
MARY GLACKIN (Chair), The Weather Company, an IBM Business (Retired)
JOSEPH ÁRVAI, University of Southern California
CYNDI ATHERTON, Heising-Simons Foundation
ELIZABETH BARNES, Colorado State University
BRAD R. COLMAN, American Meteorological Society
BART CROES, California Air Resources Board (Retired)
MINGHUI DIAO, San Jose State University
NEIL DONAHUE, Carnegie Mellon University
LESLEY-ANN DUPIGNY-GIROUX, University of Vermont
EFI FOUFOULA-GEORGIOU (NAE), University of California, Irvine
KEVIN GURNEY, Northern Arizona University
MARIA CARMEN LEMOS (NAS), University of Michigan
ZHANQING LI, University of Maryland
ANDREA LOPEZ LANG, University of Wisconsin–Madison
AMY MCGOVERN, University of Oklahoma
LINDA MEARNS, National Center for Atmospheric Research
JONATHAN PATZ (NAM), University of Wisconsin–Madison
KEVIN REED, Stony Brook University
JAMES MARSHALL SHEPHERD (NAS/NAE), University of Georgia
ARADHNA TRIPATI, University of California, Los Angeles
BERNEDETTE WOODS PLACKY, Climate Central
Staff
ELIZABETH EIDE, Acting Director
MAGGIE WALSER, Acting Director
KATELYN CREWS, Program Assistant
APURVA DAVE, Senior Program Officer
MORGAN DISBROW-MONZ, Program Officer
KATRINA HUI, Associate Program Officer
ANNE MANVILLE, Program Assistant
BRIDGET MCGOVERN, Program Officer
APRIL MELVIN, Senior Program Officer
LINDSAY MOLLER, Research Associate
RACHEL SILVERN, Program Officer
STEVEN STICHTER, Senior Program Officer
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Acknowledgments
This Proceedings of a Workshop on Research on the Dynamics of Climate and the Macroeconomy was reviewed in draft form by individuals chosen for their diverse perspectives and technical expertise. The purpose of this independent review is to provide candid and critical comments that will assist the National Academies of Sciences, Engineering, and Medicine in making each published proceedings as sound as possible and to ensure that it meets the institutional standards for quality, objectivity, evidence, and responsiveness to the charge. The review comments and draft manuscript remain confidential to protect the integrity of the process.
We thank the following individuals for their review of this proceedings:
Although the reviewers listed above provided many constructive comments and suggestions, they were not asked to endorse the content of the proceedings nor did they see the final draft before its release. The review of this proceedings was overseen by Kenneth Gillingham, Yale University. He was responsible for making certain that an independent examination of this proceedings was carried out in accordance with standards of the National Academies and that all review comments were carefully considered. Responsibility for the final content rests entirely with the rapporteurs and the National Academies.
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Contents
BACKGROUND AND MOTIVATION FOR WORKSHOP
2 Nonlinear, Cascading, and Compounding Risks in the Climate
MOIST HEAT STRESS AND HUMAN HEALTH AND PRODUCTIVITY IN MACROECONOMIC MODELS
CLIMATE CHANGE RISKS, VULNERABILITY, AND SOCIETAL RESPONSES
INFRASTRUCTURE AND CLIMATE CHANGE
3 Nonlinear, Cascading, and Compounding Risks in the Economy
COMMUNICATION AND INDIVIDUAL DECISION MAKING
ECONOMIC IMPLICATIONS OF THE ENERGY TRANSITION
ECONOMIC IMPLICATIONS OF PHYSICAL CLIMATE RISKS
4 Capacity Building and Collaboration
DETAILED GEOGRAPHIC AND SECTORAL INFORMATION ON ADAPTATION
DETAILED GEOGRAPHIC AND SECTORAL INFORMATION ON MITIGATION
CASCADING EFFECTS AND FEEDBACK LOOPS
ETHICAL AND EQUITY CONSIDERATIONS
5 Past and Contemporary Lessons in Macroeconomic Shocks and Risks
PERSISTENT EFFECTS OF RECESSIONS
MACRO AND CLIMATE RISKS: A RESILIENCE PERSPECTIVE
USING A HISTORICAL PERSPECTIVE TO STUDY SHOCKS
COMPLEXITY IN THE MACROECONOMY
6 Perspectives on Future Directions
OPPORTUNITIES FOR ECONOMIC MODELING
7 Examples of Research Agenda Components
