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Climate

See the latest research, articles and faculty on the Climate Area of Expertise at Columbia Business School.

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Latest on Climate

Climate and Solutions, Social Enterprise, Tamer Institute for Social Enterprise and Climate Change
Date
February 28, 2024
Lise Strickler and Mark Gallogly
Climate and Solutions, Social Enterprise, Tamer Institute for Social Enterprise and Climate Change
Social Enterprise News

Lise Strickler ’86 and Mark Gallogly ’86: Three Cairns Group, the Climate Crisis, and Climate Solutions

Lise Strickler ’86 and Mark Gallogly ’86 are the co-founders of Three Cairns Group, a mission-driven investment and philanthropic firm focused on the climate crisis.
  • Read more about Lise Strickler ’86 and Mark Gallogly ’86: Three Cairns Group, the Climate Crisis, and Climate Solutions about Lise Strickler ’86 and Mark Gallogly ’86: Three Cairns Group, the Climate Crisis, and Climate Solutions
Climate and Consumer Behavior, Climate and Policy, Energy Transition
Date
February 23, 2024
Illustration of Vladimir Putin and oil fields
Climate and Consumer Behavior, Climate and Policy, Energy Transition

The Ukraine War Blew Up the World's Energy Economy

And the U.S. Inflation Reduction Act is surprisingly well-designed to deal with the fallout.
  • Read more about The Ukraine War Blew Up the World's Energy Economy about The Ukraine War Blew Up the World's Energy Economy
Climate and Finance, Climate and Solutions, Tamer Institute for Social Enterprise and Climate Change
Date
February 09, 2024
Bruce Usher
Climate and Finance, Climate and Solutions, Tamer Institute for Social Enterprise and Climate Change
Social Enterprise News

Will We Avoid Catastrophic Climate Change?

In this episode, host Professor Ray Horton speaks with Professor Bruce Usher on how we have the technological ability to solve the problem of climate change, but that the political will is lacking in the United States and internationally. Usher says that business, then, is going to have to take the lead.
  • Read more about Will We Avoid Catastrophic Climate Change? about Will We Avoid Catastrophic Climate Change?
Carbon, Climate and Policy, Climate and Solutions, Climate and Sustainability
Date
January 22, 2024
CKI Photo Image
Carbon, Climate and Policy, Climate and Solutions, Climate and Sustainability

Insight 1: Multiple technologies for producing lower carbon steel are here — including electrolysis and clean hydrogen — with each presenting its own challenges.

For many years, steelmaking has followed a consistent, two-step process: First, iron ore is mined and mixed with coal, as well as other substances, to make molten iron. This process most often happens using highly polluting blast furnaces. Some 90% of steel-related emissions come from this first iron-producing step.
  • Read more about Insight 1: Multiple technologies for producing lower carbon steel are here — including electrolysis and clean hydrogen — with each presenting its own challenges. about Insight 1: Multiple technologies for producing lower carbon steel are here — including electrolysis and clean hydrogen — with each presenting its own challenges.
Carbon, Climate and Policy, Climate and Solutions, Strategy
Date
January 22, 2024
CKI Photo Image
Carbon, Climate and Policy, Climate and Solutions, Strategy

Insight 3: The world needs a consensus definition of green steel (and green iron).

“I think we need a green steel definition,” noted Marie Jaroni, senior vice president of decarbonization and ESG at Germany’s ThyssenKrupp. “Everyone is doing their own thing. It would help our clients and our customers to have one green steel definition, and I think that’s very crucial for all of us.”
  • Read more about Insight 3: The world needs a consensus definition of green steel (and green iron). about Insight 3: The world needs a consensus definition of green steel (and green iron).
Business Economics and Public Policy, Climate and Finance, Climate and Policy, Climate and Solutions
Date
January 22, 2024
white smoke coming out from building. Photo by Marcin Jozwiak on Unsplash.
Business Economics and Public Policy, Climate and Finance, Climate and Policy, Climate and Solutions
Economics Press Release

New Research Introduces New Approach to Estimating Cost of Reducing Emissions

Columbia Business School Research Suggests the Leading Models for the Cost of Reducing Greenhouse Gas are Incomplete
  • Read more about New Research Introduces New Approach to Estimating Cost of Reducing Emissions about New Research Introduces New Approach to Estimating Cost of Reducing Emissions
Carbon, Climate and Policy, Climate and Solutions, Climate and Sustainability
Date
January 22, 2024
CKI Photo Image
Carbon, Climate and Policy, Climate and Solutions, Climate and Sustainability

Insight 2: Steelmakers and sustainability advocates alike must be willing to embrace a ‘messy middle’ as the industry transitions to a decarbonized future.

Steel is an infamously hard-to-abate sector. For one thing, steel production assets have long lifespans before they are due for expensive upgrades. For another, the sector’s energy requirements are massive and will likely tax emerging clean energy systems. Some of these roadblocks can be circumvented — at least for the time being — with an embrace of transitional, “messy middle” technologies and processes, which can represent decarbonization potentials of between 10% and 50% (though they still carry significant green price premiums).
  • Read more about Insight 2: Steelmakers and sustainability advocates alike must be willing to embrace a ‘messy middle’ as the industry transitions to a decarbonized future. about Insight 2: Steelmakers and sustainability advocates alike must be willing to embrace a ‘messy middle’ as the industry transitions to a decarbonized future.
Business and Society, Climate and Finance, Climate and Policy, Climate and Solutions, Climate and Sustainability, Economics and Policy, Social Enterprise, Tamer Institute for Social Enterprise and Climate Change
Date
January 19, 2024
Geoffrey Heal
Business and Society, Climate and Finance, Climate and Policy, Climate and Solutions, Climate and Sustainability, Economics and Policy, Social Enterprise, Tamer Institute for Social Enterprise and Climate Change
Social Enterprise News

Climate Change: Its Economic Impact and How We Should Respond

Host Professor Ray Horton speaks with Professor Geoffrey Heal, an economist and conservationist whose teaching and research on climate change have left an indelible mark on the School. 
  • Read more about Climate Change: Its Economic Impact and How We Should Respond about Climate Change: Its Economic Impact and How We Should Respond

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Climate Faculty

Latest Climate Research

The Cost to Achieve Net-Zero

Authors
Gernot Wagner and Bruce Usher
Date
March 17, 2022
Format
Case Study
Publisher
Columbia CaseWorks

Climate change brought on by human activities lead to acute and chronic hazards that threaten the planet; to reduce the chances of the most dangerous and irreversible damage, the global community must reduce the emission of greenhouse gases, notably carbon dioxide. While more than 70 countries (~80% of global CO2 emissions and ~90% of global GDP) and over 5,000 influential companies have adopted net-zero commitments, coordination of an effort to this scale, given the complex economic, societal, governance and infrastructure considerations, is no easy feat.

Read More about The Cost to Achieve Net-Zero

Pictures Matter: How Images of Projected Sea-Level Rise Shape Long-Term Sustainable Design Decisions for Infrastructure Systems.

Authors
Julie Milovanovic, Tripp Shealy, Leidy Klotz, Eric Johnson, and Elke Weber
Date
March 2, 2022
Format
Journal Article
Journal
Sustainability

Community input matters in long-term decisions related to climate change, including the development of public infrastructure. In order to assess the effect of different ways of informing the public about infrastructure projects, a sample of people in the United States (n = 630) was provided with a case study concerning the redevelopment of the San Diego Airport. Participants received the same written information about the projected future condition of the airport.

Read More about Pictures Matter: How Images of Projected Sea-Level Rise Shape Long-Term Sustainable Design Decisions for Infrastructure Systems.

Is Nuclear Power Part of the Climate Solution?

Authors
Gernot Wagner
Date
January 7, 2022
Format
Newspaper/Magazine Article
Publication
Wall Street Journal

Investing in the next generation of nuclear reactors could give the world an important tool for reducing carbon emissions.

Read More about Is Nuclear Power Part of the Climate Solution?

Local warming is real: A meta-analysis of the effect of recent temperature on climate change beliefs.

Authors
Eli Sugerman, Ye Li, and Eric Johnson
Date
December 1, 2021
Format
Journal Article
Journal
Current Opinion in Behavioral Sciences

Climate change is a complex phenomenon that the public learns about both abstractly through media and education, and concretely through personal experiences. While public beliefs about global warming may be controversial in some circles, an emerging body of research on the ‘local warming’ effect suggests that people’s judgments of climate change or global warming are impacted by recent, local temperatures.

Read More about Local warming is real: A meta-analysis of the effect of recent temperature on climate change beliefs.

Improving the social cost of nitrous oxide

Authors
David R. Kanter, Claudia Wagner-Riddle, Peter M. Groffman, Eric A. Davidson, James N. Galloway, Jesse D. Gourevitch, Hans J. M. van Grinsven, Benjamin Z. Houlton, Bonnie L. Keeler, Stephen M. Ogle, Holly Pearen, Kevin J. Rennert, Mustafa Saifuddin, Daniel J. Sobota, and Gernot Wagner
Date
November 17, 2021
Format
Journal Article
Journal
Nature Climate Change

The social cost of nitrous oxide does not account for stratospheric ozone depletion. Doing so could increase its value by 20%. Links between nitrous oxide and other nitrogen pollution impacts could make mitigation even more compelling.

Read More about Improving the social cost of nitrous oxide

Social science research to inform solar geoengineering

Authors
Joseph E. Aldy, Tyler Felgenhauer, William A. Pizer, Massimo Tavoni, Mariia Belaia, Mark E. Borsuk, Arunabha Ghosh, Garth Heutel, Daniel Heyen, Joshua Horton, David Keith, Christine Merk, Juan Moreno-Cruz, Jesse L. Reynolds, Katharine Ricke, Wilfried Rickels, Soheil Shayegh, Wake Smith, Simone Tilmes, Gernot Wagner, and Jonathan B. Wiener
Date
November 12, 2021
Format
Journal Article
Journal
Science

As the prospect of average global warming exceeding 1.5°C becomes increasingly likely, interest in supplementing mitigation and adaptation with solar geoengineering (SG) responses will almost certainly rise. For example stratospheric aerosol injection to cool the planet could offset some of the warming for a given accumulation of atmospheric greenhouse gases (1). However, the physical and social science literature on SG remains modest compared with mitigation and adaptation.

Read More about Social science research to inform solar geoengineering

How individual actions can combat climate change

Authors
Gernot Wagner
Date
November 10, 2021
Format
Newspaper/Magazine Article
Publication
The Economist

It is tempting to dismiss personal responsibility for lowering one’s carbon footprint. After all, it was bp that popularised the concept in the mid-aughts, telling everyone that it was “time to go on a low-carbon diet”.

Read More about How individual actions can combat climate change

Geoengineering: the Gamble

Authors
Gernot Wagner
Date
November 5, 2021
Format
Book
Publisher
Polity

Stabilizing the world’s climates means cutting carbon dioxide pollution. There’s no way around it. But what if that’s not enough? What if it’s so late in the game that even cutting carbon emissions to zero, tomorrow, wouldn’t do?

Enter solar geoengineering.

The principle is simple: attempt to cool Earth by reflecting more sunlight back into space. The primary mechanism, shooting particles into the upper atmosphere, implies more pollution, not less. If that doesn’t sound scary, it should. There are lots of risks, unknowns, and unknowables.

Read More about Geoengineering: the Gamble

Heat has larger impacts on labor in poorer areas

Authors
A. Patrick Behrer, R. Jisung Park, Gernot Wagner, Colleen M. Golja, and David W. Keith
Date
September 15, 2021
Format
Journal Article
Journal
Environmental Research Communications

Hotter temperature can reduce labor productivity, work hours, and labor income. The effects of heat are likely to be a joint consequence of both exposure and vulnerability. Here we explore the impacts of heat on labor income in the US, using regional wealth as a proxy for vulnerability. We find that one additional day >32 °C (90 °F) lowers annual payroll by 0.04%, equal to 2.1% of average weekly earnings. Accounting for humidity results in slightly more precise estimates.

Read More about Heat has larger impacts on labor in poorer areas

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