A Discussion of the Independent Risk Assessment for Risky Business: The Economic Risks of Climate Change in the United States
At this RFF seminar, Trevor Houser, lead author of the independent risk assessment supporting the Risky Business initiative, and his colleague presented an overview of the methods, data, original research, and key findings in the assessment. A panel of experts then offered additional perspectives.
How much economic risk does the nation face from the impacts of climate change? The Risky Business initiative—a project of Bloomberg Philanthropies, the Office of Hank Paulson, and Next Generation—works to answer that question. Using the best information available, the initiative outlines the range of climate futures that the United States might expect in major economic sectors and by geographic region. It also examines the likelihood of these futures and the potential economic consequences for American businesses and households. The initiative does not advocate any particular policy, industry, or personal response to climate change but instead seeks to provide government, finance, business, and household decisionmakers with the information necessary to make their own risk management decisions.
At this RFF seminar, Trevor Houser, lead author of the independent risk assessment supporting the Risky Business initiative, and his colleagues will present an overview of the methods, data, original research, and key findings in the assessment. A panel of experts will then offer additional perspectives.
Light breakfast available
- Phil Sharp, President, Resources for the Future
Overview of Risky Business
- Trevor Houser, Partner, The Rhodium Group and Technical Lead, Independent Risk Assessment for Risky Business
- Solomon Hsiang, Assistant Professor of Public Policy, University of California, Berkeley
- Robert Kopp, Associate Professor, Department of Earth and Planetary Sciences; and Associate Director, Rutgers Energy Institute, Rutgers University
Panel Discussion: A Technical Review
Moderated by Molly Macauley, Vice President for Research, RFF
- Richard Duke, Deputy Director for Climate Policy at the Domestic Policy Council and Associate Director at the Council on Environmental Quality, the White House
- Adele Morris, Fellow and Policy Director, Climate and Energy Economics, The Brookings Institution
- Piers Sellers, Deputy Director of Science and Exploration Directorate, NASA's Goddard Space Flight Center
Working Paper — Jun 23, 2022
Rising US Income Inequality and Declining Residential Electricity Consumption: Is There a Link?
This paper examines the effects of rising income inequality on residential electricity use, finding that climate and air quality improvements valued at $3.14 billion in 2020 due to lower electricity consumption.
Working Paper — Jun 23, 2022
The Social Cost of Carbon with Intragenerational Inequality under Economic Uncertainty
In this working paper, a formula is derived for calculating the social cost of carbon that takes into account the effects of intragenerational income inequality.
Press Release — Jun 23, 2022
Rising Income Inequality Linked to Declining Average Household Energy Consumption
A new study finds that falling household electricity consumption is due in part to rising income inequality—an indication that policies addressing inequity may inadvertently increase consumption and associated pollution.