CGFI research by Dr Nicola Ranger has been cited in the Economic Report of the President (ERP) 2023.
The paper “Acute climate risks in the financial system: examining the utility of climate model projections” identifies issues in applying global ‘top-down’ climate scenarios to explore financial risks at the city-scale.
The findings are reflected in the ERP, which presents the current Administration’s economic policies and provides an overview of the USA’s economic progress:
“Modeling tools used to understand the global climate system, termed general circulation models, are most accurate over large spatial scales and long time frames. Different, more fine-tuned tools are needed to make information on specific risks in particular places over short to medium time frames widely available to stakeholders making adaptation decisions”
