How States Like Texas Are Driving the Clean Energy Boom in the Trump Era
Despite federal rollbacks, both red and blue states are using federal and state incentives to drive investment and upgrade energy infrastructure.
Despite federal rollbacks, both red and blue states are using federal and state incentives to drive investment and upgrade energy infrastructure.
In this episode of More MPE, hosts Ray Horton and Sandi Wright speak with Ron Gonen ’04, founder and CEO of Closed Loop Partners, a New York-based investment firm composed of venture capital, growth equity, private equity, project finance, and an innovation center focused on building the circular economy.
Wind energy has long been a cornerstone of the renewable energy sector, yet it faces increasing competition from solar power, supply chain disruptions, and shifting global policies. Here are three critical forces shaping the future of wind energy.
Breakthroughs in battery technology are transforming the global energy landscape, fueling the transition to clean energy and reshaping industries from transportation to utilities. With demand for energy storage soaring, what’s next for batteries—and how can businesses, policymakers, and investors keep pace?
New research from Professor Parinitha Sastry and her co-authors examines the challenges facing Florida’s homeowners insurance market.
New Research finds Transition to Wind and Solar Energy Predicted to Lower Electricity Costs by Up to 80% and Increase Wages Nationwide
Although US President Donald Trump and his fellow Republicans give climate advocates plenty to worry about, all hope is not lost. Clean-energy technologies still have decisive physical advantages over the alternatives, and economic common sense will eventually win out.
The recent wildfires in Los Angeles highlight how suppressed insurance premiums and government policies incentivize Americans to settle in areas with a high climate risk, exacerbating economic and environmental disasters.
Bruce Usher is a Professor of Professional Practice and the Elizabeth B. Strickler '86 and Mark T. Gallogly '86 Faculty Director of the Tamer Institute for Social Enterprise and Climate Change at Columbia Business School. The Tamer Institute educates on the use business knowledge, entrepreneurial skills, and management tools to address social and environmental challenges. Professor Usher teaches courses on climate change, finance and business, and is a recipient of the Singhvi Prize for Scholarship in the Classroom, the Lear Award, and the Dean’s Award for Teaching Excellence.
Lisa Yao Liu joined Columbia University in 2020. Her research interests include financial reporting regulations and information technologies, with a particular focus on auditing and ESG/stakeholder-related matters. Professor Liu uses different research methods including empirical archival methods, structural estimation, and field survey and interviews. Her research has been presented at leading conferences and published in the Journal of Accounting and Economics and the Journal of Accounting Research.
Geoffrey Heal, Donald C. Waite III Professor Emeritus of Social Enterprise at Columbia Business School, is noted for contributions to economic theory and resource and environmental economics. He holds bachelors (first class), masters and doctoral degrees from Cambridge University, where he studied at Churchill College and taught at Christ’s College. He has also taught at Sussex, Essex, Yale, Stanford, École Polytechnique, Stockholm and Princeton. He holds an Honorary Doctorate from the Universite´ de Paris Dauphine.
Sandra Matz takes a Big Data approach to studying human behavior in a variety of business-related domains. She combines methodologies from psychology and computer science – including machine learning, experimental designs, online surveys, and field studies – to explore the relationships between people’s psychological characteristics (e.g. their personality) and the digital footprints they leave with every step they take in the digital environment (e.g. their Facebook Likes or their credit card transactions).
Shiva Rajgopal is the Roy Bernard Kester and T.W. Byrnes Professor of Accounting and Auditing at Columbia Business School. He has also been a faculty member at the Duke University, Emory University and the University of Washington. Professor Rajgopal’s research interests span financial reporting, earnings quality, fraud, executive compensation and corporate culture. His research is frequently cited in the popular press, including The Wall Street Journal, The New York Times, Bloomberg, Fortune, Forbes, Financial Times, Business Week, and the Economist.
Eric Johnson is a faculty member at the Columbia Business School at Columbia University where he is the inaugural holder of the Norman Eig Chair of Business, and Director of the Center for Decision Sciences. His research examines the interface between Behavioral Decision Research, Economics and the decisions made by consumers, managers, and their implications for public policy, markets and marketing.
Thomas Bourveau joined Columbia University in 2018. He previously served on the faculty at the Hong Kong University of Science and Technology. He obtained in PhD in Management Science from HEC Paris. He teaches financial statement analysis in Columbia Business School's MBA program. Professor Bourveau primarily conducts empirical research. His research lies at the intersection of accounting, law, and economics. He is most interested in evaluating the implications of regulatory interventions in financial markets, often through the role of information disclosure.
With nearly 90 academic publications, over 50 students, half a dozen patents, and nearly 10 million online followers, Moran Cerf is one of the leaders in the research and applications of neuroscience in business.
Cerf holds a PhD in neuroscience (Caltech), an MA in Philosophy, and a BSc in Physics (Tel-Aviv University. He has taught leadership and marketing at NYU and the Kellogg School of Management, where he was a professor of neuroscience and business for nearly a decade.
Professor Parinitha (Pari) Sastry is an assistant professor of finance at Columbia Business School. Her research focuses on climate change, financial intermediation, and real-estate markets. She received her B.A. from Columbia University and her finance Ph.D. from the Massachusetts Institute of Technology. She has worked previously at the Department of Treasury, Task Force on Climate-Related Financial Disclosures, Brookings Institution, and New York Fed.
Michael Morris is the Chavkin-Chang Professor of Leadership at CBS and also serves as Professor in the Psychology Department of Columbia University.
Professor McDonald earned her Ph.D. at the University of Queensland, Australia. Her research examines social psychological influences on sustainable behavior and responses to environmental issues like climate change.
* It's pronounced like "juggernaut" without the "jug."
Gernot Wagner is a climate economist at Columbia Business School. His research, teaching, and writing focus on climate risks and climate policy.
We aim to stimulate discussion on how innovation research within marketing can use a better world (BW) perspective to help innovation become a driver of positive change in the world. In this "Challenging the Boundaries" series paper, we hope to provide purposeful research opportunities for scholars seeking to bridge innovation research with the BW movement. We frame our discussion with four areas of innovation research in marketing that are particularly relevant to BW objectives.
We assess how changes in the scientific consensus around equilibrium climate sensitivity (ECS), as captured by the IPCC's Fifth (AR5) and Sixth (AR6) Assessment Reports, impact policymakers' willingness to take climate action. Taking the IPCC's reports at face value, the ECS estimates in AR6 would have lowered a policymaker's willingness to act on climate relative to AR5 due to a narrower "likely" range. However, Bayesian updating may reverse this conclusion.
The Austrian capital has been spared the worst of recent flooding. Its experience could be a lesson in how to tackle the climate crisis.
In this paper we assess the economic impacts of moving to a renewable-dominated grid in the US. We use projections of capital costs to develop price bounds on future wholesale power prices at the local geographic level. We then use a class of spatial general equilibrium models to estimate the effect on wages and output of prices falling below these bounds in the medium term. Power prices fall anywhere between 20% and 80%, depending on local solar resources, leading to an aggregate real wage gain of 2-3%.
The extent of future climate change is largely a policy choice. We illuminate this choice with climate policy curves (CPCs), which link climate policies to subsequent global temperatures. The estimated downward sloping CPCs highlight the key trade-off between initial policy ambition, expressed via an overall effective carbon price, and the subsequent policy burden left for future generations. We also demonstrate how different CPCs can illustrate the range of climate policy paths towards attaining the Paris Agreement temperature goals.
It does not take a crystal ball to understand how momentous tipping points can be in natural systems that affect our welfare. Tipping points in climate can presage catastrophes on a planetary scale, even threatening civilization.
As concern with climate change increases, people seek to behave and consume sustainably. This requires understanding which behaviours, firms and industries have the greatest impact on emissions. Here we ask if people are knowledgeable enough to make choices that align with growing sustainability intentions.