On Friday, September 20, 2024, the Federal Reserve Bank of New York, in partnership with the School of International and Public Affairs at Columbia University, hosted the third annual Environmental Economics and Policy Conference. This year’s conference was supported by the university’s Institute for Social and Economic Research and Policy in the Faculty of Arts and Sciences.
The in-person event, held at Columbia University, featured a keynote presentation from Solomon Hsiang, Professor of Global Environmental Policy at the Stanford Doerr School of Sustainability and director of the Global Policy Laboratory at Stanford University; academic paper presentations; and panel discussions with expert practitioners exploring environment-related dimensions and innovations in insurance and non-financial markets.
The event was of interest to academics, economists, financial services professionals, and leaders of community organizations, government agencies, and policy advocacy organizations.
WATCH THE EVENT
See the agenda for timing of specific conference segments.
Event Details
Date & Time
September 20, 2024
9:00am-5:00pm
(Reception followed)
September 20, 2024
9:00am-5:00pm
(Reception followed)
Location
The Forum at Columbia University
Auditorium
605 West 125th Street
New York, NY
The Forum at Columbia University
Auditorium
605 West 125th Street
New York, NY
Audience
This in-person event was open to the public.
This in-person event was open to the public.
Media
This event was open to the media. All remarks were on the record, with the recording to be made available afterwards. For media inquiries, please contact Ellen Simon at Ellen.Simon@ny.frb.org.
This event was open to the media. All remarks were on the record, with the recording to be made available afterwards. For media inquiries, please contact Ellen Simon at Ellen.Simon@ny.frb.org.
Agenda
Agenda
| 9:15am-9:30am | Welcome and Opening Remarks (00:00:14 in video)
Douglas Almond, Professor of International and Public Affairs and Economics, Columbia University Jeffrey Shaman, PhD, Interim Dean, Professor of Climate, Columbia Climate School and Professor of Environmental Health Sciences, Mailman School of Public Health |
| 9:30am-12:00pm | SESSION ONE: INSURANCE (00:10:43 in video)
Moderator: Julian Di Giovanni, Head of Climate Risk Studies, Financial Intermediation Policy Research Division, Federal Reserve Bank of New York |
| 9:30am-10:00am | Presentation: Property Insurance and Disaster Risk: New Evidence from Mortgage Escrow Data (00:12:38 in video)
Benjamin Keys, Rowan Family Foundation Professor, Professor of Real Estate, Professor of Finance, the Wharton School, University of Pennsylvania | Presentation |
| 10:00am-10:30am | Presentation: Climate Risk and the U.S. Insurance Gap: Measurement, Drivers, and Implications (00:39:40 in video)
Parinitha Sastry, Assistant Professor of Finance, Columbia Business School |
| 10:30am-11:00am | Presentation: Insurance Market Policy Choices in a Changing Climate: An Application to Florida (01:04:00 in video) Benjamin Dennis, Principal Economist, Policy Planning and Strategy Section, Supervision and Regulation, Federal Reserve Board of Governors |
| 11:00am-11:05am | Break |
| 11:05am-12:00pm | Practitioner Panel (01:36:17 in video) Moderator: Benjamin Keys, Rowan Family Foundation Professor, Professor of Real Estate, Professor of Finance, the Wharton School, University of Pennsylvania Charlie Sidoti, Executive Director, InnSure Andrew Salkin, Founding Principal, Resilient Cities Catalyst Steven Rothstein, Managing Director, Ceres Accelerator |
| 12:00pm-1:00pm | Lunch |
| 1:00pm-2:00pm | Keynote and Q+A (02:26:17 in video) Solomon Hsiang, Director of the Global Policy Laboratory, Stanford University; Professor of Global Environmental Policy at the Stanford Doerr School of Sustainability | Presentation Robert Metcalfe, Professor of International and Public Affairs, Professor of Energy Policy, Columbia University |
| 2:00pm-2:15pm | SESSION TWO: NON-FINANCIAL ENVIRONMENTAL MARKETS (03:26:32 in video) Moderator: Wolfram Schlenker, Ray A. Goldberg Professor of the Global Food System, Harvard Kennedy School |
| 2:15pm-2:45pm | Presentation: The Macroeconomic Impact of Climate Change: Global vs. Local Temperature (03:27:26 in video) Adrien Bilal, Assistant Professor of Economics, Stanford University | Presentation |
| 2:45pm-3:15pm | Presentation: Trade, Trees, and Health (03:57:15 in video) Xinming Du, Assistant Professor of Economics, National University of Singapore | Presentation |
| 3:15pm-3:45pm | Presentation: Homeward Bound: How Migrants Seek Out Familiar Climate (04:26:09 in video) Marguerite Obolensky, PhD Candidate Columbia University School of International and Public Affairs | Presentation |
| 3:45pm-3:50pm | Break |
| 3:50pm-4:45pm | Practitioner Panel (04:56:36 in video) Moderator: Julian Macrone, Community Development Specialist, Federal Reserve Bank of New York Sheila Foster, Professor of Climate, Columbia Climate School Ben Weisman, Executive Director, Capital Mobilization, Glasgow Financial Alliance for Net Zero Leigh Whelpton, Director of Environmental Infrastructure, Connecticut Green Bank |
| 4:45pm-4:50pm | Closing Remarks (05:56:08 in video) David Erickson, Head of Outreach and Education, Federal Reserve Bank of New York |
Speakers
Professor of International and Public Affairs and Economics
Columbia University
Assistant Professor of Economics
Stanford University
Principal Economist, Policy Planning and Strategy Section, Supervision and Regulation
Federal Reserve Board of Governors
Assistant Professor of Economics
National University of Singapore
Head of Outreach and Education
Federal Reserve Bank of New York
Professor of Climate
Columbia Climate School
Director of the Global Policy Laboratory, Stanford University
Professor of Global Environmental Policy at the Stanford Doerr School of Sustainability
Rowan Family Foundation Professor; Professor of Real Estate, Professor of Finance
The Wharton School, University of Pennsylvania
Community Development Specialist
Federal Reserve Bank of New York
Professor of International and Public Affairs, Professor of Energy Policy
Columbia University
PhD Candidate, School of International and Public Affairs
Columbia University
Founding Principal
Resilient Cities Catalyst
Director of the Financial Intermediation Policy Research Division
Federal Reserve Bank of New York
Assistant Professor of Finance
Columbia Business School
Ray A. Goldberg Professor of the Global Food System
Harvard Kennedy School
PhD, Interim Dean; Professor of Climate, Columbia Climate School
Professor of Environmental Health Sciences, Mailman School of Public Health
Managing Director
Ceres Accelerator
Executive Director
InnSure
Executive Director, Capital Mobilization
Glasgow Financial Alliance for Net Zero
Director of Environmental Infrastructure
Connecticut Green Bank
Event Partnership
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