The Emerging Climate Economy and Role of the NOAA Climate Enterprise

The scope and pace of climate change have introduced significant challenges and opportunities for the global economy. As the economy continues to shift towards mitigating and adapting to the effects of climate change, many industries and entire sectors of the economy will transform. Understanding the current state of the Climate Economy and the role that the National Oceanic and Atmospheric Administration (NOAA) is playing and will play within it as it evolves is critical to scaling climate solutions, developing new technologies, efficiently allocating and attracting investment, building new businesses and industries, maintaining American competitiveness, and supporting our trading partners. This memorandum outlines the current and rapidly evolving state of the Climate Economy and how the NOAA Climate Enterprise relates to it.