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CGFI research cited in the Economic Report of the President 2023




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”

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