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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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Links in this episode: Climate Services: The Business of Physical Risk https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4396826 https://www.bloomberg.com/news/articles/2023-04-17/climate-risk-consulting-sector-needs-scrutiny-law-professor-says?leadSource=uverify%20wall https://prospect.org/economy/2023-04-12-rise-climate-rating-agencies/ https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4396826 https://policyintegrity.org/about/bio/madison-condon https://www.bu.edu/law/profile/madison-condon/

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Federal Reserve Bank of San Francisco

Strategies to Address Climate Change Risk in Low- and Moderate-income Communities - Volume 14, Issue 1 https://www.frbsf.org/community-development/publications/community-development-investment-review/2019/october/strategies-to-address-climate-change-low-moderate-income-communities/

Podcasts in the Classroom – Discussion guides now available for the latest episode of America Adapts. These guides can be used by educators at all levels. Check them out here! The 10 Best Sustainability Podcasts for Environmental Business Leadershttps://us.anteagroup.com/news-events/blog/10-best-sustainability-podcasts-environmental-business-leaders

The best climate change podcasts on The Climate Advisorhttp://theclimateadvisor.com/the-best-climate-change-podcasts/

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Podcast Music produce by Richard Haitz Productions Write a review on Apple Podcasts ! America Adapts on Facebook!   Join the America Adapts Facebook Community Group. Check us out, we’re also on YouTube! Executive Producer Dr. Jesse Keenan Subscribe to America Adapts on Apple Podcasts Doug can be contacted at americaadapts @ g mail . com