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Dr. Michael Greenstone: Decoding the social cost of carbon and the carbon offset market In this episode, Chris and Georges do a deep dive into the economic implications of carbon emissions with one of the world's leading climate finance experts, Dr. Michael Greenstone. As a former chief economist for President Obama's Council of Economic Advisers, Dr. Greenstone played a pivotal role in developing the "social cost of carbon." The trio discusses the significance of understanding the economic cost of carbon emissions and the tools policymakers have at their disposal to combat climate change. Guest Dr. Michael Greenstone, Milton Friedman Distinguished Service Professor in Economics Background Michael Greenstone is the Milton Friedman Distinguished Service Professor in Economics as well as the Director of the Becker Friedman Institute and the interdisciplinary Energy Policy Institute at the University of Chicago. As a co-director of the Climate Impact Lab, he is producing empirically grounded estimates of the local and global impacts of climate change. He is also the co-director of the King Climate Action Initiative at the Abdul Latif Jameel Poverty Action Lab, and co-founder of Climate Vault, a 501(c)(3) that uses markets to allow institutions and people to reduce their carbon footprint. Conversation Sheds light on the concept of the social cost of carbon, its current applications, and the overarching importance of carbon pricing in shaping future climate policies, especially in the United States. Touches upon the controversial topic of carbon offsets, distinguishing between the voluntary offset market and regulated cap and trade permitting systems. Introduces Climate Vault, a non-profit startup co-founded by Dr. Greenstone that not only allows entities to offset emissions using regulated permits but also aids in purchasing carbon removal, thereby supporting emerging carbon removal companies to scale their technologies.
On today's episode of Free Range, Livermore is joined by Michael Greenstone, the Milton Freedman Distinguished Service Professor in Economics and the Director of the Energy Policy Institute at the University of Chicago. He served as the Chief Economist for President Obama's Council of Economic Advisors and has worked for decades engaged in research and policy development on environmental issues. Livermore and Greenstone begin by discussion the climate provisions of the Inflation Reduction Act and their policy implications (0:47-4:47) Greenstone offers his take on what the IRA means (if anything) concerning the role of economists in debates over climate policy (4:48-8:49) and the two discuss the relationship between energy prices and politics. (8:50-14:10) Livermore and Greenstone agree that transparency of pricing mechanisms can be both a feature and a bug. Greenstone mentions that while the US is viewed as a free market place, our instinct is to approach the situation as engineers. (14:11-20:20) He then offers thoughts on why the engineering approach won out in the IRA. (20:21 - 25:34) The two discuss the factors that helped lead to lower technology costs green cleaner energy sources, which helped pave the way for the IRA. (25:35-28:12) The sulfur dioxide trading mechanism in the 1990 Clean Air Act Amendments is a classic example of policy that promoted low cost emissions reductions; R&D funding is another area where government is justified. (28:13-30:24) The two turn to the question of economic forecasting in climate debates. (30:25-34:17) Greenstone discusses the work of the Climate Impact Lab, which he directs, which is improving estimates of climate damages and the social cost of carbon. (34:18-40:55) The two discuss the role of adaptation in climate damage estimates (40:56-47:05) and the role of distributional analysis. (47:06-51:15) The two then discuss an alternative to the social cost of carbon that is based on “marginal abatement costs” associated with achieving a given climate goal. (51:16-57:11) To conclude, Livermore asks about the potential path forward for global cooperation on climate change. For Greenstone, he focuses on areas of policy that he can influence, and in particular on driving down the difference (delta) between the private cost of clean energy and dirty energy and looking for opportunities to leverage our policies for reductions elsewhere in the world. (57:12-59:36)
What do a top conservation biologist and a legendary marathoner have in common? Their passion for the environment. On this episode, two unique perspectives come together to tell the story of one goal: to preserve our planet so we can all thrive. First, scientist M. Sanjayan, the CEO of Conservation International, lays out the state of our climate. He explains why athletes — no matter what they play or where they train — are affected by environmental change, the impact of our food choices, and simple steps to take for a better future. Next, longtime Nike athlete Joan Benoit Samuelson details how decades of running have forced her to adapt to poor air quality and irregular weather patterns and inspired her to join local climate initiatives. Both share a hopeful look at how they continue to embrace the outdoors and the ways every one of us can lace up for the race against climate change. Learn MoreRead the full study on how endurance athletes are impacted by climate change. Want more stats on climate and sport? Get the data from Nike's Move to Zero and dig even deeper with our Climate Impact Lab report. Keep us in check — see how Nike's investing in our planet.
Dr. Ian Bolliger, Climate Data Scientist at Rhodium Group and affiliate of the Climate Impact Lab, joins Climate Now podcast hosts Katherine Gorman and James Lawler to explain how we measure the costs of climate change (in dollar terms) across sectors and communities. Putting a number on these costs can help businesses, governments, and communities better allocate funding towards adaptation and prevention.
Climate change will affect rich and poor countries — but poorer countries are predicted to pay the greatest human and economic cost. In this episode we interview Amir Jina, an Assistant Professor at University of Chicago’s Harris School of Public Policy, researching how economic and social development is shaped by the environment. He uses economics, climate science, and remote sensing to understand the impacts of climate in both rich and poor countries.In our conversation with Prof. Jina, we discuss how shocks to the water system could impact conflict patterns — and whether it’s even possible to identify a causal relationship between conflict and climate change. We also talk about his work at the Climate Impact Lab using state of the art empirical methods to study the effects of climate change.This podcast is produced in partnership with the Pearson Institute for the Study and Resolution of Global Conflicts. For more information, please visit their website at www.thepearsoninstitute.org . Links to articles discussed in the episode:Watch Amir Jina on a panel at the 2020 Pearson Global Forum on the theme of Climate Conflict: https://www.youtube.com/watch?v=5QO6nAAK4rw&list=PLjioxPKLA82KySaS8BOADulND4ZMj4BQC&index=6&ab_channel=ThePearsonInstitutePodcast Production Credit: Interviewing: Aishwarya Raje and Mwangi ThuitaEditing: Aishwarya Raje and Mwangi ThuitaProduction: Aishwarya Raje and Mwangi Thuita
The overarching theme of the Online Tylösand Summit 2020 is Climate Change. This session focuses on the impact and cost of climate change and what policy conclusions that can be drawn based on this knowledge. Speakers Keynote Michael Greenstone Professor of Economics at the University of Chicago and Director of the Becker Friedman Institute and the Energy Policy Institute at the University of Chicago. Greenstone previously served as the Chief Economist for President Obama’s Council of Economic Advisers, where he co-led the development of the United States Government’s social cost of carbon. He is also a Co-Director of the Climate Impact Lab, producing empirically grounded estimates of the local and global impact of climate change. Panelists John Hassler Professor of Economics at the Institute for International Economic Studies at Stockholm University. Hassler serves as a Member of The Committee for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel and as a Board Member of Stockholm Resilience Centre. He was previously the Chair of the Swedish Fiscal Policy Council, as well as the Chair and Co-author of the SNS Economic Policy Council Report 2020 “Swedish Policy for Global Climate”. Lena Hök Senior Vice President Sustainability at Skanska Group. Hök previously served as Head of Sustainability at Skandia Norden. She is the Chair of the Sustainability Committee at ICC Sweden and serves on the board of the Swedish International Development Cooperation Agency (Sida) as well as on the board of BoKlok. Moderator: Mia Horn af Rantzien, CEO, SNS.
Episode 18: In this episode the host, Angie Gust, talks about a recent review article in the journal Nutrients that talks about the need for an optimal immune response in combatting the virus. The authors say that an optimal immune response depends on an adequate diet and nutrition in order to keep infection at bay. Thus, this article is confirming what we have talked about in earlier podcasts. Turning to the environment, while there has not been a lot of attention on the climate crisis lately, there has been some attention given to it in some of the stimulus packages related to the pandemic. Let’s keep an eye on that and let's reach out to others to discuss your and their plans to vote. References Carleton, T et al. Valuing the Global Mortality Consequences of Climate Change Accounting for Adaptation Costs and Benefits (Aug. 3, 2020). National Bureau of Economics Working Paper No. 27599, Available at NBER: http://www.nber.org/papers/w27599 Climate Impact Lab. Aug 3, 2020. Global death rate from rising temperatures projected to surpass the current death rate of all infectious diseases combined. http://www.impactlab.org/news-insights/global-death-rate-from-rising-temperatures/ Gewin, V. 2020. Perennial Vegetables Are a Solution in the Fight Against Hunger and Climate Change. Civil Eats. https://civileats.com/2020/08/19/perennial-vegetables-are-a-solution-in-the-fight-against-hunger-and-climate-change/ Iddir, M., et al. 2020. Strengthening the Immune System and Reducing Inflammation and Oxidative Stress through Diet and Nutrition: Considerations during the COVID-19 Crisis. Nutrients. 12(6): 1562. Mace, W. 2020. Police violence in the United States. A Global Perspective. Psychology Today. https://www.psychologytoday.com/us/blog/campus-confidential-coping-college/202008/police-violence-in-the-united-states Organization for Economic Cooperation and Development. Obesity Update 2017. https://www.oecd.org/health/obesity-update.htm Peters, A. 2020. Seventh Generation’s new line gets rid of all its plastic packaging. Fast Company. https://www.fastcompany.com/90540660/seventh-generations-new-line-gets-rid-of-all-its-plastic-packaging Rahim, Z. 2020. A new anti-obesity coronavirus campaign is a nightmare for eating disorder sufferers. CNN. https://www.cnn.com/2020/08/13/health/uk-coronavirus-eating-disorders-weight-intl-gbr-wellness/index.html Ralph, L. (2020). To Protect and to Serve: Global Lessons in Police Reform, Foreign Affairs. https://www.foreignaffairs.com/articles/united-states/2020-07-30/police-reform-global-lessons Toensmeier E, Ferguson R, Mehra M (2020) Perennial vegetables: A neglected resource for biodiversity, carbon sequestration, and nutrition. PLoS ONE 15(7): e0234611. https://doi.org/10.1371/journal.pone.0234611 U.S. Environmental Protection Agency Advancing Sustainable Materials Management: 2015 Fact Sheet , July 2018. https://www.epa.gov/sites/production/files/2018-07/documents/2015_smm_msw_factsheet_07242018_fnl_508_002.pdf Wallace-Wells, D. 2020. Life after warming. What Climate Alarm Has Already Achieved. Intelligencer. https://nymag.com/intelligencer/2020/08/what-climate-alarm-has-already-achieved.html
If the world does not curb its greenhouse gas emissions, by the end of this century, the number of people dying annually because of extreme heat will be greater than the current global death toll from infectious diseases - that’s all infectiousness diseases, from malaria to diarrhoeal diseases to HIV. This is the grim assessment of climate researchers and economists of the Climate Impact Lab in the largest global study to date of health and financial impacts of temperature-related deaths. Roland Pease talks to Solomon Hsiang of the University of California, Berkeley. UK ecologists have new insights about how diseases jump the species barrier from wildlife to humans. With a global survey of land use and biodiversity, they’ve discovered that when natural habitats are converted to farmland or urbanised, the animal species that survive the change in greatest number are those species which carry viruses and bacteria with the potential to spread to us. This is particularly the case, says Rory Gibb of the University College London, with disease-carrying rodent species, bats and birds. Do past infections by mild cold coronaviruses prepare the immune systems of some people for infection by SARS-CoV-2? Could immune memory T cells made in response to these cold viruses lessen the severity of Covid-19? Alessandro Sette and Daniela Weiskopf of the La Jolla Institute for Immunology lead the team which published the latest contributions to these questions. Anglerfish are perhaps the weirdest inhabitants of the deep sea. Their sex lives are particularly strange because finding partners in the dark expanse of the ocean abyss is hard. Females are much bigger than males. When a male finds a female, he latches on her body with his teeth and over a couple of weeks, their flesh fuses so he is permanently attached. Her blood supplies him with all the food and oxygen he needs and he becomes an ever present supply of sperm whenever she produces eggs. But this fusion should be impossible. The female’s immune system should be rejecting her partner like a mismatched organ transplant. German scientists have now discovered that these fish do this by giving up the production of antibodies and immune T cells – essential for fighting infections in all other animals including us. It was a shocking discovery for Prof Thomas Boehm at the Max Planck Institute in Freiburg. Anyone else had their flight cancelled? The COVID 19 pandemic has had a huge impact on air travel – air traffic in 2020 is expected to be down 50 per cent on last year. But beyond the obvious disruption to business and people’s lives, how might the quieter skies affect our weather and climate? One curious listener, Jeroen Wijnands, who lives next to Schiphol airport in the Netherlands, noticed how there were fewer clouds and barely any rainfall since the flights dropped off. Could airplanes affect our local weather? Also, did we learn anything from another occasion when airplanes were grounded, during the post-9/11 shutdown? How will the current period impact our future climate? Marnie Chesterton investigates this question and discovers some of the surprising effects that grounded aircraft are having: on cloud formation, forecasting and climate change. (Image: Relatives of heatstroke victims, their heads covered with wet towels, wait outside a hospital during a heatwave in Karachi. .Credit: Rizwan Tabassum/AFP via Getty Images)
If the world does not curb its greenhouse gas emissions, by the end of this century, the number of people dying annually because of extreme heat will be greater than the current global death toll from infectious diseases - that’s all infectiousness diseases, from malaria to diarrhoeal diseases to HIV. This is the grim assessment of climate researchers and economists of the Climate Impact Lab in the largest global study to date of health and financial impacts of temperature-related deaths. Roland Pease talks to Solomon Hsiang of the University of California, Berkeley. UK ecologists have new insights about how diseases jump the species barrier from wildlife to humans. With a global survey of land use and biodiversity, they’ve discovered that when natural habitats are converted to farmland or urbanised, the animal species that survive the change in greatest number are those species which carry viruses and bacteria with the potential to spread to us. This is particularly the case, says Rory Gibb of the University College London, with disease-carrying rodent species, bats and birds. Do past infections by mild cold coronaviruses prepare the immune systems of some people for infection by SARS-CoV-2? Could immune memory T cells made in response to these cold viruses lessen the severity of Covid-19? Alessandro Sette and Daniela Weiskopf of the La Jolla Institute for Immunology lead the team which published the latest contributions to these questions. Anglerfish are perhaps the weirdest inhabitants of the deep sea. Their sex lives are particularly strange because finding partners in the dark expanse of the ocean abyss is hard. Females are much bigger than males. When a male finds a female, he latches on her body with his teeth and over a couple of weeks, their flesh fuses so he is permanently attached. Her blood supplies him with all the food and oxygen he needs and he becomes an ever present supply of sperm whenever she produces eggs. But this fusion should be impossible. The female’s immune system should be rejecting her partner like a mismatched organ transplant. German scientists have now discovered that these fish do this by giving up the production of antibodies and immune T cells – essential for fighting infections in all other animals including us. It was a shocking discovery for Prof Thomas Boehm at the Max Planck Institute in Freiburg. (Image: Relatives of heatstroke victims, their heads covered with wet towels, wait outside a hospital during a heatwave in Karachi. .Credit: Rizwan Tabassum/AFP via Getty Images) Presenter: Roland Pease Producer: Andrew Luck-Baker
Well it's about time we started talking about money around here. The Climate Impact lab is a group of climate scientists, economists, data engineers, and analysts, working to put a dollar value on the cost of climate change. We're interviewing Hannah Hess - the senior manager of Rhodium Group - about her involvement with the Climate Impact Lab as well as the cost of climate change.Support the show (https://www.patreon.com/user?u=31473929&fan_landing=true)
Trevor Houser (Partner, Rhodium Group) talks with Sarah Ladislaw (CSIS) about modeling the physical risks and impacts of climate change at the Climate Impact Lab. The Climate Impact Lab’s models are providing companies with better tools to see these potential impacts and risks in their portfolios, allowing them to begin taking precautionary steps to increase resilience.
Trevor Houser (Partner, Rhodium Group) talks with Sarah Ladislaw (CSIS) about modeling the physical risks and impacts of climate change at the Climate Impact Lab. The Climate Impact Lab’s models are providing companies with better tools to see these potential impacts and risks in their portfolios, allowing them to begin taking precautionary steps to increase resilience.
Host Daniel Raimi talks with Dr. Robert Kopp—Director of the Rutgers Institute of Earth, Ocean, and Atmospheric Sciences, a professor at Rutgers University, and co-director at the Climate Impact Lab—about sea level rise. They discuss the latest update on how a changing climate will affect sea levels, and where the major uncertainties lie. Daniel will also ask Robert how he responds when people ask a common question posed of climate scientists: “are we doomed?” References and recommendations made by Robert Kopp: "We Need Courage, Not Hope, To Face Climate Change" by Kate Marvel; https://onbeing.org/blog/kate-marvel-we-need-courage-not-hope-to-face-climate-change/ "The Sixth Extinction: An Unnatural History" by Elizabeth Kolbert; https://www.goodreads.com/book/show/17910054-the-sixth-extinction "New York 2140" by Kim Stanley Robinson; https://www.goodreads.com/book/show/29570143-new-york-2140
Research from the Climate Impact Lab shows that in the next 20 years, the number of days below freezing at major ski resorts could drop by weeks or months. Climate change is having a visible impact on the nation's winter sports industry and here in Idaho that translates to serious money and jobs. Idaho Matters looks at the effects of climate change on area ski resorts and the overall impact on the state's economy with the Boise chapter of Citizens' Climate Lobby and Bogus Basin general manager Brad Wilson.
Gaby revisits her roots, and goes deep on how climate change affects inequality in Florida. Jessica Moulite, a social media reporter and producer for Fusion explains how climate gentrification is affecting neighborhoods in Miami. Caroline Lewis, who is the founder of the CLEO Institute helps us understand why this has such a compounding effect. And finally, Tamma Carleton, a PhD candidate who's part of the Climate Impact Lab, broadens the scope, and has some fascinating data about how a warming world affects the workforce, and how people just general interact with each other. Learn more about your ad choices. Visit podcastchoices.com/adchoicesOur Sponsors:* Check out Arena Club: arenaclub.com/badmoney* Check out Chime: chime.com/BADMONEY* Check out Claritin: www.claritin.com* Check out Indeed: indeed.com/BADWITHMONEY* Check out Monarch Money: monarchmoney.com/BADMONEY* Check out NetSuite: NetSuite.com/BADWITHMONEYAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Gaby revisits her roots, and goes deep on how climate change affects inequality in Florida. Jessica Moulite, a social media reporter and producer for Fusion explains how climate gentrification is affecting neighborhoods in Miami. Caroline Lewis, who is the founder of the CLEO Institute helps us understand why this has such a compounding effect. And finally, Tamma Carleton, a PhD candidate who's part of the Climate Impact Lab, broadens the scope, and has some fascinating data about how a warming world affects the workforce, and how people just general interact with each other. Learn more about your ad choices. Visit megaphone.fm/adchoices