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  3. Geoffrey Heal

Geoffrey Heal

Donald C. Waite III Professor Emeritus of Social Enterprise in the Faculty of Business
Economics Division
Bernstein Faculty Leader
Bernstein Center for Leadership and Ethics
Geoffrey Heal, Donald C. Waite III Professor of Social Enterprise
Areas of Expertise
Climate, Corporate Governance, Microeconomics
Contact
Office: 582 Kravis
Phone: (212) 8546459
E-mail: gmh1@gsb.columbia.edu
Links
Personal Website
Curriculum Vitae

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.

Author of eighteen books and about two hundred articles, Professor Heal is a Fellow of the Econometric Society, past Managing Editor of the Review of Economic Studies, Past President of the Association of Environmental and Resource Economists, recipient of its prize for publications of enduring quality and a Life Fellow, recipient of the 2013 Best Publication Prize of the European Association of Environmental and Resource Economists, a Director of the Union of Concerned Scientists and a founder and Director and chairman of the Board of the Coalition for Rainforest Nations, developers of the REDD policy for reducing deforestation by awarding carbon credits for forest conservation. Recent books include Nature and the Marketplace, Valuing the Future, When Principles Pay and Whole Earth Economics (forthcoming).

Professor Heal chaired a committee of the National Academy of Sciences on valuing ecosystem services, was a Commissioner of the Pew Oceans Commission, was a coordinating lead author of the IPCC’s Fifth Assessment Report, was a member of President Sarkozy’s Commission on the Meaurement of Economic Performance and Social Progress, was a member of the advisory board for the World Bank’s 2010 World Development Report and the United Nations Environment Program’s 2011 Human Development Report, and acts as an advisor to the World Bank on its Green Growth project. He is also a Director of Public Business, a foundation that promotes in-depth public interest journalism and a member of the Advisory Board of Green Seal.

He has been a principal in two start-up companies, a consulting firm and a software and telecommunications company, and until recently was a member of the Investment Committee of a green private equity group. He teaches MBA courses on “Current Developments in Energy Markets,” “Business and Society: Doing Well by Doing Good?” and “The Business of Sustainability,” teaches a doctoral course on advanced microeconomic theory, and advises doctoral students interested in sustainability.

Education
BA, Cambridge University, 1966; MA, 1968; PhD, 1968
Joined CBS
1983

All Activities

  • Research
  • Teaching
  • Achievements
  • Press
  • Authored Works
  • CaseWorks
  • Journal articles
  • Working papers
  • Articles
  • Books
  • Chapters
Journal Article
Heal, Geoffrey. “Reflections–What Would It Take to Reduce U.S. Greenhouse Gas Emissions 80 Percent by 2050?”
Review of Environmental Economics and Policy
vol. 11, (January 01, 2017): 319-335.
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Journal Article
Gong, Min, Geoffrey Heal, David Krantz, Howard Kunreuther, and Elke Weber. “The role of subsidies in coordination games with interconnected risk.”
Journal of Behavioral Decision Making
vol. 27, (December 01, 2014): 395-407.
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Journal Article
Heal, Geoffrey and Howard Kunreuther. “Social Reinforcement: Cascades, Entrapment and Tipping.”
American Economic Journals: Microeconomics
vol. 2, (February 01, 2010): 86-99.
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Journal Article
Heal, Geoffrey. “Corporate Social Responsibility? An Economic and Financial Framework.”
Geneva Papers on Risk and Insurance: Issues and Practice
vol. 30, (July 01, 2005): 387-409.
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Journal Article
Heal, Geoffrey, Kenneth Arrow, Partha Dasgupta, Lawrence Goulder, Gretchen Daily, Paul Ehrlich, Simon Levin, Karl-Goran Maler, Stephen Schneider, David Starrett, and Brian Walker. “Are We Consuming Too Much?”
Journal of Economic Perspectives
vol. 18, (January 01, 2004): 147-72.
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Working Paper
Heal, Geoffrey, Antony Milner, and Simon Dietz. Ambiguity and Climate Policy. February 17, 2011.
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Working Paper
Heal, Geoffrey, Min Gong, Howard Kunreuther, David Krantz, and Elke Weber. Facilitating Pareto-Optimal Coordination by Subsidies in Deterministic and Stochastic Payoff Settings. January 16, 2011.
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Working Paper
Heal, Geoffrey and Howard Kunreuther. You Only Die Once: Managing Discrete Interdependent Risks. August 01, 2003.
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Working Paper
Kunreuther, Howard, Geoffrey Heal, and Peter Orszag. Interdependent Security: Implications for Homeland Security Policy and Other Areas. October 01, 2002.
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Working Paper
Kunreuther, Howard, Geoffrey Heal, and Peter Orszag. Interdependent Security: Implications for Homeland Security Policy and Other Areas. October 01, 2002.
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Working Paper
Heal, Geoffrey. Uncertainty and Climate Change. March 01, 2002.
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Working Paper
Heal, Geoffrey and Bengt Kristrom. Climate Change and Uncertainty. February 01, 2002.
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Working Paper
Heal, Geoffrey. Bundling Public and Private Goods. July 01, 2001.
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Newspaper/Magazine Article
Heal, Geoffrey and Howard Kunreuther. “In a networked world, no longer controlling our own destinies.” The Washington Post. December 29, 2010.
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Newspaper/Magazine Article
Heal, Geoffrey and Kevin Conrad. “A Solution to Climate Change in the World's Rainforests.” Financial Times. November 29, 2005.
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Book
Heal, Geoffrey. Is Economic Growth Sustainable? London: International Economic Association/Palgrave Macmillan, 2010.
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Book
Heal, Geoffrey. When Principles Pay: Corporate Social Responsibility and the Bottom Line. New York: Columbia University Press, 2008.
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Chapter
Ang, Andrew, Ann Bartel, Patrick Bolton, Wouter Dessein, Franklin Edwards, Lawrence Glosten, Geoffrey Heal, Gur Huberman, Charles Jones, Christopher Mayer, Frederic Mishkin, Eli Noam, Andrea Prat, Jonah Rockoff, Lynne Sagalyn, Stephen Zeldes, and Brian Thomas. “1. Finance and Economics.” In Columbia Business School, 1-28. Columbia University Press, 2016.
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Chapter
Heal, Geoffrey and Howard Kunreuther. “Tipping Climate Negotiations.” In Climate Change and Common Sense: Essays in Honour of Tom Schelling, edited by Robert Hahn and Alastair Ulph, Oxford: Oxford University Press, 2012.
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Chapter
Heal, Geoffrey. “What Have We Learned About Development Economics?” In Annual Bank Conference on Development Economics Papers and Proceedings 2010, Washington, D.C.: The World Bank, 2010.
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Chapter
Heal, Geoffrey. “Corporate Environmentalism: Doing Well by Being Green.” In Is Economic Growth Sustainable?, edited by Geoffrey Heal, 248-262. London: International Economic Association/Palgrave Macmillan, 2010.
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  • Courses
  • Case Studies
Course
B9208: (PhD) Economic Analysis II
View Course on (PhD) Economic Analysis II
Course
B9206: (PhD) Economic Analysis
View Course on (PhD) Economic Analysis
Course
B8201: Climate Change and the Energy Transition
View Course on Climate Change and the Energy Transition
  • Awards
  • Grants
  • In the Media
  • Articles
In the Media

Bayer: New Study Finding That Roundup Exposure Harms Perinatal Health 'Flawed,' 'Inconsistent'

Southern California Record
In the Media

What Can COP28 Achieve?

Project Syndicate
In the Media

Americans Stay Away from Great Outdoors Amid Rising Petrol Costs

The Financial Times
In the Media

Inflation Is at a 40-year High. Is Clean Energy the Solution?

Grist
In the Media

Airfares Skyrocketed When Borders Re-Opened; How Long Will this Last?

Fortune
In the Media

Activists Crashed Exxon's Board, but Forcing Change Will Be Hard

The New York Times
In the Media

E-commerce Is on a Collision Course with Climate Change

Quartz
In the Media

Small Fashion Brands Battle the Costs of Brexit

Vogue Business
In the Media

Biden's Economic To-Do List

The Wall Street Journal
In the Media

State Coalitions Are Mostly Talk as U.S. Virus Cases Set to Soar

Crain's New York Business
In the Media

With U.S. Virus Cases Set to Soar, State Coalitions Are Mostly Talk

Bloomberg News
In the Media

Are We Headed for a World Without Oil?

Medium
In the Media

How to Cut the ESG Disclosure Overload

Breakingviews
In the Media

Could There Be An "Organic" Label for a Product's Climate Impact?

CBS News
In the Media

COMMENT - Which Way Will the Energy Prices Go?

MoneyControl
Article

Addressing Society's Toughest Challenge

Read More about Addressing Society's Toughest Challenge
Article

Are US Corporations Above the Law?

Read More about Are US Corporations Above the Law?
Article

Advice to the Next US President: Climate Change

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Article

Elke Weber, Geoffrey Heal Appointed to National Academies

Read More about Elke Weber, Geoffrey Heal Appointed to National Academies
  • Articles
Article

Are US Corporations Above the Law?

Read More about Are US Corporations Above the Law?
Article

Advice to the Next US President: Climate Change

Read More about Advice to the Next US President: Climate Change
Article

We Already Know How to Curb Climate Change

Read More about We Already Know How to Curb Climate Change
Article

The Imperative of Forest Conservation

Read More about The Imperative of Forest Conservation
  • CaseWorks
Case ID
250308

Ørsted’s Case for Offshore Wind

What are Danish renewable power company Ørsted’s next strategic steps?

View Case on Ørsted’s Case for Offshore Wind
Case ID
240306

ELP Greenport: Scaling Community Solar

What is the future of community solar development projects and what challenges need to be addressed for scalability?

View Case on ELP Greenport: Scaling Community Solar
Case ID
220304

Green Bond Research Note

How can green bond issuances gain wider acceptance as a free market vehicle to support environmentally sustainable activities?

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Case ID
180303

From Pioneer to Pariah: SunEdison, Inc., and the Global Solar Photovoltaics Industry

How did Sun Edison's business model, emulated by an entire industry, prove unsuccessful for the organization that originated it?

View Case on From Pioneer to Pariah: SunEdison, Inc., and the Global Solar Photovoltaics Industry
Case ID
170306

Architects of the Future? Tesla, Inc., Energy, Transportation, and the Climate

Can Tesla replicate its success in the United States to become a global leader in the rapidly growing electric vehicle market?

View Case on Architects of the Future? Tesla, Inc., Energy, Transportation, and the Climate
Case ID
140306

The Mossi Ghisolfi Group Monetizing Beta Renewables

Should M&G stick with the original plan to simply act as a licensor or take a more active role in the biofuel marketplace?

View Case on The Mossi Ghisolfi Group Monetizing Beta Renewables
Case ID
70602

Parker Petroleum in Jumandia

How should a US oil company handle opposition to a new refinery in a developing country?

View Case on Parker Petroleum in Jumandia
Case ID
80118

Citigroup and the Equator Principles

What are the incentives, costs, and risks of adopting guidelines for corporate social responsibility?

View Case on Citigroup and the Equator Principles
Case ID
80302

Wireless Telecom Inc.

Wireless Telecom: As a new company seeks to join the US mobile virtual network operator market, how should it best price its offerings to appeal to two different demographic groups?

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