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·Nov 11, 2024

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Lubos Pastor, Robert F. Stambaugh, and Lucian A. Taylor
The US corporate sector’s “carbon burden” (the present value of social costs of its future carbon emissions) is 131% of total corporate equity value; 77% of individual firms have carbon burdens exceeding their market capitalizations.
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Economics Meets Ecology: The Huge Costs of Ecosystem Declines

Tess Vigeland and Eyal Frank
Bats are considered a natural pesticide. When they began to die out due to an invasive fungus, farmers turned to chemicals to control pests. The result, as Eyal Frank of the Harris School of Public Policy describes on this episode...
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Research Briefs·Sep 27, 2024

Toward an Understanding of the Economics of Prosumers: Evidence from a Natural Field Experiment

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Nudging energy prosumers to conserve via a home energy report reduces their energy consumption, with significant variation across seasons and times of day. This suggests that prosumers both shift their energy use away from peak hours and conserve overall.
Topics: Energy & Environment