Assessing Methods to Integrate the Physical Risks and Transition Risks and Opportunities of Climate Change

The Federal Government has broad exposure to the physical risks of climate change and the transition risks associated with the global shift away from carbon-intensive energy sources. At the same time, the shift to clean energy provides a generational opportunity to create new sources of economic growth. These transitional opportunities and challenges affect future output growth and other economic outcomes and are therefore relevant to the President’s Budget.