Podcast episode·Jul 9, 2024

The Uncertainties of Climate Change

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How can we incentivize the private and public sectors to develop and deploy solutions to climate change, while accounting for uncertainties? This episode of The Pie covers a panel discussion among professors David Keith of the Department of the Geophysical Sciences at UChicago and founding faculty director of the university’s Climate Systems Engineering initiative, Franklin Allen of Imperial College in London, and José Scheinkman of Columbia. Lars Peter Hansen, The David Rockefeller Distinguished Service Professor in Economics, Statistics in the Kenneth C. Griffin Department of Economics and the Booth School of Business and winner of the 2013 Nobel Prize in Economics, moderates.

This podcast was part of a climate change conference, co-sponsored by the Macro Finance Research Program at the University of Chicago and the Brevan Howard Centre for Financial Analysis at Imperial College Business School, exploring uncertainty and tipping points. More information on the event can be found here.

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Research Briefs·Oct 3, 2023

Private Actions in the Presence of Externalities: The Health Impacts of Reducing Air Pollution Peaks but not Ambient Exposure

Joshua Dean and Susanna B. Berkouwer
Improved cookstoves reduce exposure to peak cooking emissions by 42%, though impacts on overall pollution exposure are muted by high ambient pollution. The reduction in peak emissions reduces self-reported respiratory symptoms but does not improve more quantitative diagnoses such as...
Topics: Development Economics, Energy & Environment, Health care
Podcast episode·Sep 19, 2023

How Much Would it Cost to Save the Rainforest?

Tess Vigeland and Lars Peter Hansen
As a massive carbon sink, the Brazilian Amazon plays a crucial role in stabilizing the global climate. It’s also valuable farmland. How do economists measure this tradeoff? Lars Peter Hansen, Nobel Laureate and UChicago economist, joins The Pie to discuss...
Topics: Energy & Environment
Research Briefs·Jul 6, 2023

Carbon Prices and Forest preservation Over Space and Time in the Brazilian Amazon

Juliano J. Assunção, Lars Peter Hansen, Todd Munson and José A. Scheinkman
With modest transfers per ton of net CO2, Brazil would find it optimal to choose policies that produce substantial capture of greenhouse gasses in the next 30 years, suggesting that the management of tropical forests could play an important role...
Topics: Energy & Environment, Financial Markets