American Climate Prospectus: Economic Risks in the United States

The United States faces a range of economic risks from global climate change - from increased flooding and storm damage, to climate-driven changes in crop yields and labor productivity, to heat-related strains on energy and public health systems. The American Climate Prospectus (ACP) provides a groundbreaking new analysis of these and other climate risks by region of the country and sector of the economy. By linking state-of-the-art climate models with econometric research of human responses to climate variability and cutting edge private sector risk assessment tools, the ACP offers decision-makers a data driven assessment of the specific risks they face. I will discuss the challenge, methods, findings, and policy implications of the national risk analysis, with particular focus on methodological innovations and novel insights.

Speaker: Solomon Hsiang, UC Berkeley