CBO's projections of a year ago, which implied a substantial shortfall of reducible debt as early as 2007, suggested to me some urgency in phasing down the surplus. If CBO had access to the economic and technical developments of all of 2001 last January, it would have projected a somewhat later date for that shortfall.
From the perspective of financial stability, this workshop covers studies that focus on the impact of climate change on bank behavior and the factoring of the risks into asset prices. I hope discussions at this workshop will help to deepen our understanding of the complex relationship between climate change and finance.