Incorporating Climate Change and Climate Policy into Macroeconomic Modeling: Proceedings of a Workshop (2024)
Chapter: Appendix B: Statement of Task
Appendix B
Statement of Task
The National Academies of Sciences, Engineering, and Medicine will convene an ad hoc planning committee to organize a 2-day hybrid workshop to improve understanding of the relationships between the macroeconomy and climate change and climate-related impacts. This workshop will focus on how the differential effects of climate change on critical human systems (e.g., energy, food, water, infrastructure, public health) are incorporated into macroeconomic analyses. The workshop will gather experts and practitioners to consider the state of the science, foster transdisciplinary dialogue, and set the stage for future workshops organized by the Roundtable on Macroeconomics and Climate-Related Risks and Opportunities. Subsequent workshops will focus on themes such as transition risks, macroeconomic modeling, and policy options.
Specific topics to address could include:
- Current understanding of climate-related impacts on the macroeconomy, and how these impacts are represented or incorporated in macroeconomic models;
- Complexity of interactions between climate and macroeconomy (e.g., regional and temporal variability, cascading and compound effects, interconnections), and approaches for incorporating these interactions in models; and
- Deep uncertainties associated with future climate risks, and how these uncertainties are considered in macroeconomic analyses.
