A two-day in-person series of academic and social events at NYU Stern’s Greenwich Village campus. The program is designed for journalists interested in better understanding the interactions between climate change, financial markets, and the broader economy. Taught by NYU faculty, the Fellowship aims to provide participants with both the fundamental factors and latest trends in climate economics and finance.

Applications are open to and welcome from all journalists (both reporters and editors, and including freelancers) interested in covering the interface between climate and the economy. While aspects of the course have a focus on U.S. policies and institutions, we also welcome applications from journalists based outside the United States.

NYU Stern will select the final group of Fellows based on the documents submitted by applicants including the letter of motivation.

The Fellowship dates are September 19–20, 2024. The following week is NYC Climate Week, providing numerous coverage opportunities. The Program’s activities will take place at NYU Stern’s Greenwich Village campus in New York City.

All the costs of operating the program including all meals will be borne by NYU Stern. In addition, Fellows admitted to the program who reside outside the New York Metro Area will receive a $2,000 stipend to cover travel and accommodation costs; those residing inside the New York Metro Area will receive a  $1,000 stipend.

The Fellowship is fully funded by NYU Stern, and there is no corporate or advocacy-group sponsorship.

The sessions cover the fundamental economics and latest trends in climate economics. Prior training in economics is not required. Topics include:

• How Climate Change is Roiling the Housing and Insurance Markets
• Climate Risks to Financial Stability
• How Climate Change is Altering Corporate Decision Making
• The Economics of Climate Regulation + Carbon Markets
• Biodiversity Loss as an Emerging Economic Risk
• The Fast-Changing Economics of Renewable Energy and Electric Vehicles
• Emerging Regulatory and Legislative Trends in Climate Finance and Economics

Within these topics, we will consider urgent questions such as: Why are home insurance markets breaking down across the U.S.? What’s a carbon border adjustment mechanism and how might it affect global trade? How do cap-and-trade systems work? How do you calculate the Social Cost of Carbon, and why does it matter? What are the problems with carbon offsets, and how might they be solved? What are the economic and financial market effects of nature and biodiversity loss? How do the economics of renewable energy markets work?

Dan Fagin will lead a discussion of the challenges of reporting on the interactions between climate change and the economy.

There will be social events to allow for plenty of opportunities to get to know the other fellows and faculty in an informal setting.

Fellowship sessions are taught by faculty from across NYU who will be leading discussions closely related to their academic research. A list of fellowship faculty is presented below.

The Fellowship is organized by the Climate Finance Initiative at NYU Stern, under the leadership of Professor Johannes Stroebel. The steering committee includes NYU Stern Professor Theresa Kuchler and Professor Dan Fagin from NYU’s Arthur L. Carter Journalism Institute.

Alumni of the Fellowship will receive invitations to future events of the NYU Stern Climate Finance Initiative, including an annual reunion event that allows different fellowship cohorts recipients to interact.

No, this is not an NYU degree program, and participation will not make you an NYU student.

You can upload your application here. Please include a letter of motivation describing what you hope to get out of the fellowship, a CV, and three related stories you have written or produced. Applications close on May 31, 2024, and we will contact the Fellowship recipients by mid-June 2024.

You can contact us at climate_reporting_fellowship@stern.nyu.edu.