Using financial logic to price carbon emissions
Calculations of expected climate damages vary widely, but a new model treats carbon dioxide as a risky asset with a negative payoff. Authors Adam Bauer and Gernot Wagner explain how it works.
Climate risk
My research, teaching, writing, and speaking focused on climate risks and uncertainties, including e.g. everything related to calculating (and making sense of) the Social Cost of Carbon (SCC).
Heating up history: The 90s, a missed opportunity for climate change
Xennials Podcast with Charlotte Kan
CNBC: "Climate change could cost Americans born in 2024 nearly $500,000 in their lifetime"
by Annie Nova
Business & Society: Climate Change
Columbia Business School
BCG × CCS
Columbia Faculty House
Economic Times: "Companies now know climate risks mean financial risks — industrial sectors need swift decarbonisation"
Interview with Srijana Mitra Das
Best Reads in 2023
Project Syndicate
BBC World Business Report: "Australia offers Tuvalu residents climate change visas"
World Service radio
What the Climate Fight Is Really About
Hint: It's about minimizing risks and uncertainties.
Economist Sustainability Week: "Weathering the storm—measuring and managing climate-related financial risks"
Washington, DC
Salomon Senior Leaders Program
Columbia Business School Executive Education
Youth4Climate
Mahindra United World College India
The Risky Language of Climate Uncertainty
Academics need to stop talking about climate change in ways that obscure its true dangers.
Glacier Climate Week
Vienna, Austria
The High Stakes of Climate-Risk Accounting
Although businesses and investors stand to make a lot of money if they can properly navigate the new risk environment, no one seems to have a good explanation for why we are where we are. Climate risks, in particular, have been systematically underestimated, and thus mispriced, for decades.
Axios: "Climate change catastrophes need greater study"
By Andrew Freedman
