IBS Director, Dr. Lori Hunter, has been selected as a member of the Roundtable on Macroeconomic and Climate-related Risks and Opportunities established by The National Academies of Sciences, Engineering, and Medicine. The Roundtable, consisting of cross-disciplinary experts in academia, industry, and non-governmental organizations, will work to inform fiscal, monetary, and financial stability policies as the United States transitions to a net-zero carbon economy and prepares for anticipated impacts of climate change. In addition to members of the Roundtable, meetings are attended by officials from across the Biden-Harris Administration, including Budget Chief Economist Zach Liscow.
The Roundtable will seek to discuss the challenges of accounting for climate change risks and opportunities with the goal of drawing upon international expertise and policies to advance methodologies that will support the development of macroeconomic analysis that inform the federal budget process in the United States. To this end, the Roundtable will address “how to translate the uncertain impacts of climate change and the transition to net-zero carbon emissions economies into inputs to macroeconomic analyses; and how to adjust macroeconomic models and analytic approaches to accommodate the unique characteristics of climate risks and opportunities.” According to a White House briefing, the vital insight and policy recommendations generated by the Roundtable “will help realize the President’s vision of rapidly transitioning our economy to produce and use clean energy by 2050.”