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Home » Budget & Strategy » Climate Risk

Preparing for Climate Impacts

Climate & Resilience Risk

Climate Science and Economic Risk in the Financial Services

The IPCC Sixth Assessment Report highlights the need to reduce emissions immediately to mitigate accelerating physical risks. The financial sector has a key role to play in supporting innovation, and in financing the transition to a low carbon economy. However, policy and action need to be informed by an understanding of the availability and usefulness of climate data and considerations of the interconnectedness of financial ecosystems. 

NOAA and Liberty Mutual Insurance partnered to host the Climate and Resilience Risk virtual workshop on October 5th, 2021, that brought together key stakeholders such as governmental representatives, climate experts, and insurance, reinsurance, and finance industry professionals to discuss the policy landscape and explore the challenges with respect to climate data and community impacts of climate change.

Read more about this event in our summary.

Videos From The Program

The videos below were captured from the Climate & Resilience Risk Workshop on October 5, 2021.
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Description & Notes

Rakhi Kumar, of Liberty Mutual Insurance, emceed this workshop and kicks off the event by introducing senior leaders at the U.S. Department of Commerce, NOAA, and Liberty Mutual Insurance who delivered remarks on current and future challenges and seizing opportunities to mitigate them.

Host: Rakhi Kumar, Liberty Mutual Insurance

  • Don Graves, Deputy Secretary of Commerce, U.S. Department of Commerce
  • Richard W. Spinrad, Ph.D., Under Secretary of Commerce for Oceans and Atmosphere and NOAA Administrator
  • James M. MacPhee, Executive Vice President; President, Global Retail Markets, Liberty Mutual Insurance

The views expressed herein are those of the individual contributors and may not represent the views of the U.S. Government. Nothing herein should be construed as an endorsement of any non-government entities, organizations, or service, or as a formal statement of guidance, or policy position of NOAA or other U.S. Government entities.

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Climate Workshop

View the latest content from October 5, 2021's Climate and Resilience Risk Workshop in which key stakeholders discussed the climate policy landscape and explored challenges regarding climate data and climate change impacts to communities.

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