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The Cambridge-INET Institute


Climate-Macroeconomics Mini Conference

With carbon emissions increasing to unprecedented levels and climate risks mounting, climate change is at the core of the economic-policy debate. The main research agenda for economists on climate change is focused on two important issues: (i) Assessing the risks and damages associated with climate change; and (ii) understanding the economic effects of climate change mitigation policies.

This mini conference tackles the economics of climate change from a macroeconomic perspective. Esteban Rossi-Hansberg, Theodore A. Wells ’29 Professor of Economics at Princeton University, will present the aggregate and local effects of higher temperatures, and tap into some mitigation solutions such as innovation, carbon taxation, abatement and green subsidies. Felipe Schwartzman, Senior Economist at the Richmond Fed, will also focus on the effects of climate change but from the financial perspective; he will explore the interaction between the physical risk of climate-related disasters and the financial risk of strategic default. Finally, Lint Barrage, Assistant Professor at UC Santa Barbara, will discuss the short- and long-term effects of the shale gas boom and its implications for optimal climate policy; she will also highlight the role of directed technical change in switching from fossil fuels to green and its dynamic effects on emissions.

Organised by: Dr. Tiago Cavalcanti, Dr. Kamiar Mohaddes and Zeina Hasna

Venue: Online event (zoom)

Event Date: Tuesday 4th May 2021

Time: 03:00pm - 06:15pm

Event Contact: Marion Reusch -

See programme for full details


Esteban Rossi-Hansberg (Princeton University)
"The Economic Geography of Global Warming" (joint with Jose-Luis Cruz)

Felipe Schwartzmann (Federal Reserve Bank of Richmond)
"Climate Defaults and Financial Adaptation" (joint with Toan Phan)

Lint Barrage (UC Santa Barbara)
"Climate Change, Directed Innovation, and Energy Transition: The Long-run Consequences of the Shale Gas Revolution" (joint with Daron Acemoglu, Philippe Aghion and David Hémous)




Climate Change