CICERO - Center for International Climate Research

CICERO and KAN seminar series

Climate risk events - Climate risk seminars, events and conferences

Published 23.02.2021

March 18, 14:30 - 15:30 (CET)


Title: Including natural disasters into macro-fiscal models and analyses Speaker: Stéphane Hallegatte, World Bank

Speaker: Stéphane Hallegate, lead economist of the World Bank Climate Change Group.

With increasing attention to risks from climate change, including at the World Bank, IMF, and many central banks, a lot of work is ongoing to include natural disasters and other climate change risks into the models and tools used to design macro-fiscal policies. The objective is to better inform economic, fiscal, and monetary policies, and take climate change into account in debt sustainability and other macroeconomic assessments. However, macroeconomic models have not been designed to explore the consequences of natural shocks and stressors, which makes this inclusion far from straightforward. Using examples from a few countries and projects, this presentation will review a few important considerations and mechanisms that need to be taken into account in macro-fiscal assessments of natural disaster and climate change risks, and propose solutions to do so.

Abot the speaker Stéphane Hallegatte is the lead economist of the World Bank Climate Change Group. Mr. Hallegatte was a lead author of the 5th Assessment Report of the Intergovernmental Panel on Climate Change (IPCC). He is the author of dozens of articles published in international journals in multiple disciplines and of several books and World Bank reports including Shock Waves: Managing the Impacts of Climate Change on Poverty. In 2018, he received the Burtoni Award for his work on the link between climate change adaptation and poverty reduction. Mr. Hallegatte holds an engineering degree from the Ecole Polytechnique (Paris) and a Ph.D in economics from the Ecole des Hautes Etudes en Sciences Sociales (Paris).

The seminar is free of charge, but you will have to register to attend.

Please register for the seminar HERE