Economic and Financial Impacts of Climate Change: An Overview
Watch NowEvent Description
Launched in September 2025, the Climate-Related Financial and Macroeconomic Risk Initiative (CFMRI) brings together leading academic researchers, private market experts, and policymakers to build capacity to understand and address the economic and financial impacts of climate change.
On Thursday, September 3, RFF hosted a webinar introducing the CFMRI and providing an overview of risk drivers and transmission mechanisms, from physical risks and transition risks, to economic and financial outcomes. This webinar was the first of a three-part webinar series, “The Economic and Financial Impact of Climate Change.”
View the series webpage here.
Speakers
- Bob Litterman, Founding Partner and Chairman of the Risk Committee, Kepos Capital LP
- Billy Pizer, President and CEO, RFF
- Jim Stock, Vice Provost for Climate and Sustainability, Harvard University; Director of the Salata Institute for Climate and Sustainability
- Kevin Stiroh, Senior Fellow, RFF (Moderator)
Event Recording
Additional Resources
To read the publications mentioned during the webinar and other related works, visit the links below:
- Managing Unpriced Climate Risks in US Housing Markets
- Co-Managing Natural Catastrophic Risks by the Insurance Industry and Government
- The Evolving US Homeowners Insurance Market: Four Major Trends and What We Know About Them
- From Risk to Reward: Insurance Discounts for Wildfire Mitigation
- Managing Heat Risk: Crop Insurance and Rural Economic Resilience
- Developing Double Materiality for Climate-Related Financial Policy
- Managing Climate Risk in the U.S. Financial System
- The Macroeconomic Impact of Europe’s Carbon Taxes
- The Unequal Economic Consequences of Carbon Pricing
- Carbon Taxation and Greenflation: Evidence from Europe and Canada
