climatemodelling

Josh Galper is the managing principal at Finadium, an independent consultancy in capital markets, and is deep in the trenches of the money markets, as well as the financial regulatory space. As a returning guest to the podcast, Josh rejoins Macro Musings to talk about some of the big changes we might see in financial regulation, especially as it relates to climate issues under the new Biden administration. David and Josh also discuss the prospects of negative interest rates in the US, the influence of the Financial Stability Board, and how to deal with Treasury and repo market stress in the future.

Transcript for the episode can be found here.

Josh’s Twitter: @Finadium

Josh’s Finadium profile: https://finadium.com/josh-galper-mba/

Related Links:

*Fed Joins Central Bankers Backing Paris Climate Goals* by Martin Arnold

https://www.ft.com/content/008a12d2-7736-4db0-af9c-e063a0bcdd7a

*Managing Climate Risk in the U.S. Financial System* by the Climate Market Risk Subcommittee, Mark Risk Advisory Committee of the CFTC

https://www.cftc.gov/sites/default/files/2020-09/9-9-20%20Report%20of%20the%20Subcommittee%20on%20Climate-Related%20Market%20Risk%20-%20Managing%20Climate%20Risk%20in%20the%20U.S.%20Financial%20System%20for%20posting.pdf

*Fixing Financial Data to Assess Systemic Risk* by Greg Feldberg

https://www.brookings.edu/research/fixing-financial-data-to-assess-systemic-risk/

David’s blog: macromarketmusings.blogspot.com
David’s Twitter: @DavidBeckworth

In this episode we are joined by Oceanographer and Geoscientist, Dr. Joellen Russell. Joellen is Professor and the Thomas R. Brown Distinguished Chair of Integrative Science at the University of Arizona Department of Geosciences. Joellen is the lead for the modeling team of the Southern Ocean Carbon and Climate Observations and Modeling project (SOCCOM), a multi institutional program based at Princeton focused on unlocking the mysteries of the Southern Ocean. She serves as the Co-chair of the Science Advisory Board’s Climate Working Group at the National Oceanic and Atmospheric Administration, NOAA.

Before joining the University of Arizona, Dr. Russell was a Research Scientist at Princeton University and NOAA's Geophysical Fluid Dynamics Laboratory (NOAA/GFDL). She received her A.B. in Environmental Geoscience from Harvard and her PhD in Oceanography from Scripps Institution of Oceanography in San Diego.

Prof. Russell is one of the 14 scientists behind an amicus curiae brief supporting the plaintiff in the historic 2007 U.S. Supreme Court decision on carbon dioxide emissions and climate change, Commonwealth of Massachusetts, et al. v. U.S. Environmental Protection Agency.

Joellen's research uses global climate and earth system models to simulate the climate and carbon cycle of the past, the present and the future, often utilizing satellite data, floating robotic ocean sensors known as Argo floats, and cutting edge supercomputers. Her work on the westerly winds led to the creation of a new paradigm in climate science, namely that warmer climates produce stronger westerly winds. This insight solved one of the long-standing climate paradoxes, the mechanism responsible for transferring one-third of the carbon dioxide in the atmosphere into the ocean and then back out again during our repeated glacial-interglacial cycles.

FV3: https://www.youtube.com/watch?v=QrGrbiHBmWg&t=9s

Robot Floats: https://www.youtube.com/watch?v=7AVOr-wPdqs

SOCCOM: https://soccom.princeton.edu/

Joellen Russell Presentation: Climate and the Deep Blue Sea: https://www.youtube.com/watch?v=K7aykuhkj90