11/06/2025
“Climate change–related natural disasters such as floods, fires, and storms devastate communities, and their massive costs continue to grow. But as climate risks increase, financial risk management infrastructure is not keeping pace.” 🔥📈
In a new editorial in Science, our very own Billy Pizer and Harvard University’s James Stock argue that we need more research into the financial risks of . Scientists have a relatively good picture of how our warming climate will impact the planet. However, it is much less clear how the economy will respond.
The US federal government has traditionally taken the lead in addressing this knowledge gap, but those efforts were recently abandoned. To fill the gap, Resources for the Future and The Salata Institute for Climate and Sustainability at Harvard University created the Climate-related Financial and Macroeconomic Risk Initiative.
Read the full op-ed to learn more about this important work: https://www.science.org/doi/10.1126/science.aed1008