The White House released a readout of Second Convening on Climate-Risk Macroeconomic Forecasts after the Council of Economic Advisers and the Office of Management and Budget met with the Climate Policy Office, Office of Clean Energy Innovation and Implementation, Office of Science and Technology Policy, the Department of Energy, the National Oceanic and Atmospheric Administration, and private sector economists and financial sector experts.
The White House stated, “One central fact informed this convening: climate change is an ‘emerging and increasing threat to the global financial system and economy,‘ and the required policy responses to address it will have first-order implications for the macroeconomy.“
“Recent events—such as stress in the home insurance markets or how drought conditions are affecting ocean shipping—underscore that the effects of climate change on economic outcomes are not far-off concerns, but ones that Americans are already facing,“ the statement continued. “Over the coming months, we look forward to engaging further with our community partners to advance our capabilities, inform the efforts of the interagency working group, and incorporate climate issues into broader economic forecasting and decision-making.“
As the Lord Leads, Pray with Us…
- For the president and climate and economic advisors as they continue to assess the impact of climate on commerce, trade, and the supply chain.
- For wisdom for U.S. governing officials and agency heads as they craft climate policies.
- For God’s purposes and plan to be fulfilled in the United States.
