Journal Article

Climate Risk and the Fed: Preparing for an Uncertain Certainty


Abstract: While the severity and scope of a changing climate remains unclear, the consensus is that it poses a significant risk to the global economy and financial system. As monetary policymakers, the Fed’s job is to navigate this uncertainty by anticipating the potential changes and understanding their implications. The following is adapted from remarks by the president of the Federal Reserve Bank of San Francisco to the Peterson Institute for International Economics on June 22.

Keywords: climate change; risk; uncertainty; weather; economic transition;

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Bibliographic Information

Provider: Federal Reserve Bank of San Francisco

Part of Series: FRBSF Economic Letter

Publication Date: 2021-06-28

Volume: 2021

Issue: 17

Pages: 08

Note: This FRBSF Economic Letter is adapted from remarks by President Mary C. Daly, Federal Reserve Bank of San Francisco, to the Peterson Institute for International Economics, June 22, 2021.

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