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Jun 5, 2023

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In episode 186 of America Adapts, Doug Parsons hosts Madison Condon, a law professor at Boston University School of Law. Doug and Madison explore the critical role climate models play in adaptation planning, but more importantly, their capabilities, what they can and can not do,.  Madison explains what is the "climate industrial complex’ and if there’s a need for the government to step in and regulate this emerging sector.  Also, should these climate analytic and modeling companies be liable for making bad projections…and how can you hold a company liable for a projection that’s set decades in the future?  Madison also critiques a recent Federal Reserve Bank attempt at stress testing the climate risks for the banking sector.  Great conversation on the critical topic of climate modeling! 

  • The Federal Reserve “is a climate laggard.”
  • What are climate models and what can and can’t they do?
    What is the “climate industrial complex”?
  • How right, is “right” enough when it comes to climate models?
  • Could climate analytic/modeling companies be held liable for bad projections?
  • The role of climate analytic groups like First Street Foundation.
  • Do we need a “National Climate Service” to provide basic climate data?
  • Do adaptation planners understand the role of climate models in their work?

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Climate Services: The Business of Physical Risk

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