Climate Change, Adaptation, and Sovereign Risk
Co-Winner of the 2025 E-Axes Forum Research Prize
Sarah Duffy (University of Oxford) studies the implications of sovereign risk for adaptation and therefore the economic losses from natural disasters.
Rebuild or Relocate? Recovery after Natural Disasters
Co-Winner of the 2025 E-Axes Forum Research Prize
Shifrah Aron-Dine (UC Berkeley) analyzes how post‑disaster policies that prioritize rebuilding interact with household incentives, migration, and infrastructure investment, might not improve welfare and resilience.
Picking Up the PACE: Loans for Residential Climate-Proofing
Honorable Mention from the 2025 E-Axes Forum Research Committee
Aymeric Bellon (UNC Kenan Flager), Cameron LaPoint (Yale), Francesco Mazzola (ESCP) and Guosong Xu (Rotterdam School of Management) examine the Property Assessed Clean Energy (PACE) loan program
Systemic Climate Risk
Honorable Mention from the 2024 E-Axes Forum Research Committee
Tristan Jourde (Banque de France) and Quentin Moreau (The Hong Kong University of Science and Technology) introduce a market-based framework for assessing how extreme climate risks affect the financial sector and for monitoring exposures to both physical and transition risks in near real time.
The Double-Edged Sword of Firm’s Net Zero Commitment on the Carbon Risk Premium
Honorable Mention from the 2024 E-Axes Forum Research Committee
Keith Jin Deng Chan (HKUST) and Wilson Tsz Shing Wan (HKUST) demonstrate that a company’s net-zero commitment can increase or decrease the carbon risk premium associated with its equity, depending on the latter’s transition readiness.
The Optimal Design of Green Debt
Winner of the 2024 E-Axes Forum Research Prize
Adelina Barbalau (Alberta School of Business) and Federica Zeni (World Bank) develop a theoretical framework for understanding how to structure debt contracts to curb greenwashing while maximizing environmental outcomes.