Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS
A lock ( ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

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.
Please feel free to share these videos with your peer community.

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.

Access more climate information resources

Check our the resources below to learn more about how NOAA Research is involved in creating a climate-smart nation.

External Affairs Sub Navigation

Student Opportunities

Finding opportunities for students to join OAR is critical to our success as we build the future of our organization.


We receive many questions about the timing of the budget process. The timeline is intended as a guide to help explain the process from budget formulation to execution.

OAR Strategy

NOAA Research has updated its Strategic Plan to create a framework aligned with the NOAA 5-year Research & Development Plan released last year.

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.

Scroll to Top

Popup Call to Action

A prompt with more information on your call to action.