Biodiversity Protection Policy and Housing Markets: Supply, Demand, and Speculation
Maxwell Sacher (McCombs School of Business, University of Texas at Austin) and Shikhar Singla (McCombs School of Business, University of Texas at Austin) estimate the expected impact of biodiversity policy by exploiting an increase in policy risk from the Biden administration’s proposed “30×30” plan, which aimed to significantly increase the amount of protected land by 2030.
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.
Green Bonds: Commitment to Sustainability under Asymmetric Information
Benjamin Schneider (HEC Montréal) provides new insights into whether markets view green bonds as signal for commitment and reduced exposure to climate risks.
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
From Floods to Fossil Fuels: Ranking Climate Risk Across Nations
Matteo Ferrazzi, Fotios Kalantzis, and Sanne Zwart (EIB) introduce a novel, multidimensional index that assesses climate risk exposure across more than 170 countries
Information Effect Magnified under Output-based Climate Adaptation Subsidies
Yunyu Shu (Shanghai University of Finance and Economics ) and Jiayue Zhang (Brown University) investigate how information shapes adaptation under different subsidy schemes among cocoa farmers in Ghana.
The Global Effects of Carbon Border Adjustment Mechanisms
Kim Clausing (UCLA), Jonathan Colmer (University of Virginia), Allan Hsiao (Stanford University), Catherine Wolfram (MIT Sloan) shed like on the implications of the introduction of EU’s CBAM on low-income countries.
Power Decarbonization in a Global Energy Market: The Climate Effect of U.S. LNG Exports
Costanza Abuin (Princeton University) asks if the United States can influence global electricity decarbonization through its liquified natural gas (LNG) export policy?
Do common shocks drive changes in aggregate emissions intensity?
Fulvia Marotta (Smith School, DNB) , Xiyu Ren (Smith School and INET), and Francois Lafond (INET) examine industry-level emissions intensity in the UK from 1990 to 2022, using emissions data constructed from activity-based environmental accounts and find evidence of co-movement.
Adjusting productivity for carbon emissions: A new perspective on the growth slowdown
Maarten de Ridder (LSE) proposes a method to embed carbon emissions efficiency gains into existing productivity measures.
Timing Matters: When Shareholder Proposals Actually Drive Sustainable Investment
Bram van der Kroft (MIT) shows that the “when” is as important as the “what”: sustainable proposals only change corporate behavior when they coincide with a firm’s natural reinvestment cycle—the short window in which long‑lived assets are already due for replacement.
Environmental policy in distorted markets: Regulating emissions in agricultural supply chains
Tomas Dominguez-Iino (University of Chicago) tackles the question of how to design environmental policy in an industry where Pigouvian taxation is not feasible at the externality’s source, and where pre-existing distortions show up in the form of market power.