‘The Backdrop’ Podcast Features Scholar on How Extreme Weather Could Bring a Series of Recessions

Episode 14 Looks Into Research Showing Climate Risk From Extreme Weather Events and Related Factors Remain Unaccounted for in Financial Markets

New research finds the economy could be plunged into recession — or a series of recessions — because financial markets don’t account for climate risk.  Without a better knowledge of the risk posed by extreme weather events, the average investor can only hope that the next extreme event won’t trigger a sudden correction.

Paul Griffin, Distinguished Professor at the UC Davis Graduate School of Management, has been studying this “unpriced risk” and how it can affect markets and the economy.

In this episode of The Backdrop, Griffin discusses the magnitude of climate risk, what companies and governments can do to lessen the risk and how people can lower their financial exposure to it.

The Backdrop podcast is a monthly interview program featuring conversations with UC Davis scholars and researchers working in the social sciences, humanities, arts and culture.  It is available free, on demand at Apple Podcasts, Google Podcasts, Amazon Music, TuneIn, Stitcher, Spotify and YouTubeThe Backdrop is hosted by public radio veteran Soterios Johnson.

Media Resources

Media Contacts:

  • Soterios Johnson, Strategic Communications, 530-454-5956, sojohnson@ucdavis.edu
  • Andy Fell, News and Media Relations, 530-304-8888, ahfell@ucdavis.edu

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