# News

![Photovoltaic modules reflect sunset light and clouds](/sites/default/files/styles/866w/public/2023-10/AdobeStock_170379794.jpeg?h=c7ae325c&itok=mJmGak00)

##  In the News

Climate Finance Initiative faculty in the news

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##  Climate Finance Initiative faculty in the news

- ***New York Times***: Co-authored research from Professor [Shan Ge](https://www.nytimes.com/2025/01/16/opinion/la-fires-climate-home-insurance.html) and alumnus [Ammon Lam](https://www.nytimes.com/2025/01/16/opinion/la-fires-climate-home-insurance.html) (PhD ’24) is referenced: “We Have to Stop Underwriting People Who Move to Climate Danger Zones.”, **January 16, 2025**
- ***New York Times***: Professor [Johannes Stroebel](https://www.nytimes.com/2024/06/20/business/economy/finacial-industry-climate.html) interview: “Dilemma on Wall Street: Short-Term Gain or Climate Benefit?”, **June 20, 2024**
- ***Financial Times***: Professor [Johannes Stroebel](https://www.ft.com/content/e016aa35-bec1-4618-b397-6ab96417e968) op-ed: "The growing case to embed climate risk in finance teaching." **June 17, 2024**
- **Berkeley Haas Sustainable Business Research Prize**: Awarded to Professor [Stefano Giglio](https://newsroom.haas.berkeley.edu/inaugural-haas-sustainable-business-research-prize-awarded-to-paper-on-biodiversity-risk/), Professor [Theresa Kuchler](https://newsroom.haas.berkeley.edu/inaugural-haas-sustainable-business-research-prize-awarded-to-paper-on-biodiversity-risk/), Professor [Johannes Stroebel](https://newsroom.haas.berkeley.edu/inaugural-haas-sustainable-business-research-prize-awarded-to-paper-on-biodiversity-risk/), and Professor [Xuran Zeng](https://newsroom.haas.berkeley.edu/inaugural-haas-sustainable-business-research-prize-awarded-to-paper-on-biodiversity-risk/) for their research paper "Biodiversity Risk" **January 29, 2024**
- **2023 Moskowitz Prize**: Awarded to Professor [Stefano Giglio](https://www.csrwire.com/press_releases/791651-2023-moskowitz-prize-awarded-research-measuring-financial-impact-biodiversity), Professor [Theresa Kuchler](https://www.csrwire.com/press_releases/791651-2023-moskowitz-prize-awarded-research-measuring-financial-impact-biodiversity), Professor [Johannes Stroebel](https://www.csrwire.com/press_releases/791651-2023-moskowitz-prize-awarded-research-measuring-financial-impact-biodiversity), and Professor [Xuran Zeng](https://www.csrwire.com/press_releases/791651-2023-moskowitz-prize-awarded-research-measuring-financial-impact-biodiversity) for their research paper "Biodiversity Risk" **December 20, 2023**
- ***VoxTalks Climate Finance***: Professor [Johannes Stroebel](https://open.spotify.com/episode/24UenHNfHFI5mHGBEWK2Ov?si=uzAudAmGShq63AaGXBQqMA&nd=1) podcast interview: “Is There a Market for Biodiversity?” **November 14, 2023**
- ***Principles for Responsible Investment***: Professor [Theresa Kuchler](https://www.unpri.org/academic-blogs/does-biodiversity-risk-affect-asset-prices/11878.article), Professor [Johannes Stroebel](https://www.unpri.org/academic-blogs/does-biodiversity-risk-affect-asset-prices/11878.article), PhD student Xuran Zeng, and co-author op-ed: "Does Biodiversity Risk Affect Asset Prices?" **November 1, 2023**
- ***VoxTalks Climate Finance***: Professor [Viral Acharya](https://open.spotify.com/episode/3arXJpEHwf6NFiDNQHEC5O) podcast interview: “Whither Climate Finance?” **October 31, 2023**
- ***EU Sustainable Finance Research Forum***: Professor [Viral Acharya](https://joint-research-centre.ec.europa.eu/scientific-activities-z/sustainable-finance/sustainable-finance-research-forum/sustainable-finance-research-forum-interviews_en) podcast interview: “Physical Climate Risks and Climate Stress Testing” **October 27, 2023**
- ***Financial Times***: Professor [Aswath Damodaran](https://www.ft.com/content/d4082c75-3141-4a58-935b-60a44c22897a) op-ed: "ESG is beyond redemption: may it RIP." **October 23, 2023**
- ***Barron’s***: Professor [Robert Engle](https://www.barrons.com/articles/europe-carbon-tax-emissions-climate-policy-1653e360) interview: “A European Carbon Tax is Coming. What it Means for the World.” **October 5, 2023**
- ***NPR***: Clinical Professor [Tensie Whelan](https://www.kvpr.org/arts-culture/2023-09-28/a-toilet-paper-company-uses-winnie-and-poo-to-raise-awareness-about-deforestation) interview: “Oh Bother! Winnie, Poo and Deforestation." **September 28, 2023**
- ***Bloomberg***: Professor [Viral Acharya](https://www.bloomberg.com/opinion/articles/2022-09-20/climate-change-a-hotter-planet-is-already-warping-asset-prices?leadSource=uverify%20wall) interview: “A Hotter Planet Is Already Warping Asset Prices.” **September 20, 2023**
- ***New York Times***: Research from Professor [Shan Ge](https://www.nytimes.com/2023/08/25/business/hawaii-fires-insurance.html) is highlighted: “Hawaii Wildfires Spur Insurers to Reassess the State’s Risk.” **August 25, 2023**
- ***Wall Street Journal***: Professor [Johannes Stroebel](https://www.wsj.com/finance/investing/esg-investors-ethical-motives-9e5a5125) and co-authors research cited: “ESG Investors Have Ethical Motives. They Also Expect to Outperform the Market.” **August 18, 2023**
- ***NPR***: Professor [Tensie Whelan](https://www.npr.org/2023/06/27/1183794068/republican-esg-attacks-nucor-steel-climate-change) interview: “Republican Attacks on ESG Aren't Stopping Companies in Red States from Going Green.” **June 27, 2023**
- ***The Washington Post***: Professor [Tensie Whelan](https://www.washingtonpost.com/podcasts/post-live/top-business-leaders-on-the-prospects-for-a-new-climate-industrial-revolution-/) podcast interview: “Top Business Leaders on the Prospects for a New Climate Industrial Revolution.” **May 30, 2023**
- ***ESG Podcast***: Professor [Tensie Whelan](https://www.workiva.com/resources/esg/esg-talk-podcast?utm_medium=Social&utm_type=Organic&utm_source=Twitter&utm_campaign=ESG-Talk&utm_content=Video&utm_solution=ESG&utm_geo=Global&utm_segment=ESG-General) podcast interview: “The ROI of Sustainability, Part II.” **April 28, 2023**
- ***Construction Executive***: Professor [Tensie Whelan](https://www.constructionexec.com/article/people-planet-and-profit) interview: “People, Planet and Profit.” **April 7, 2023**
- ***Poets & Quants***: “The P&Q Interview: NYU Stern’s [Johannes Stroebel](https://poetsandquants.com/2023/01/25/nyu-stern-johannes-stroebe/?pq-category=business-school-news&pq-category-2=b-schools&pq-category-3=mba), Winner Of The Fischer Black Prize For Financial Research With Impact” **January 25, 2023**
- [Professor Johannes Stroebel Wins 2023 Fischer Black Prize](https://www.stern.nyu.edu/experience-stern/news-events/professor-johannes-stroebel-wins-2023-fischer-black-prize), **January 9, 2023**
- ***VoxTalks Economics***: Professor [Viral Acharya](https://open.spotify.com/episode/3huN11t8kyZmV8bhKHovQF) podcast interview: “How Does Climate Change Affect Asset Prices.” **October 14, 2022**
- ***Nasdaq***: Recent commentary from Professor [Robert Engle](https://www.nasdaq.com/articles/nobel-laureate-and-robert-engle-on-climate-risks-and-investor-implications) is spotlighted: “Nobel Laureate and Robert Engle on Climate Risks and Investor Implications.” **June 14, 2022**
- ***Wall Street Journal***: Professor [Ingo Walter](https://www.wsj.com/articles/esg-investing-metric-ratings-agencies-scores-11652891382) letter to the editor: "Are ESG Ratings Purely Subjective? Are They Fair?" **May 20, 2022**
- ***LaSalle Street Podcast***: Professors [Robert Engle](https://www.chicagofed.org/publications/lasalle-street-podcast/financial-markets-climate-risk) and [Richard Berner](https://www.chicagofed.org/publications/lasalle-street-podcast/financial-markets-climate-risk) podcast interview: “Can Global Financial Markets Manage Climate Risk?” **October 12, 2021**
- ***Reuters***: Joint research from Professors [Robert Engle](https://www.reuters.com/business/sustainable-business/new-york-fed-researchers-develop-climate-stress-test-banks-2021-09-24/) and [Richard Berner](https://www.reuters.com/business/sustainable-business/new-york-fed-researchers-develop-climate-stress-test-banks-2021-09-24/) is featured: “New York Fed Researchers Develop Climate Stress Test For Banks.” **September 24, 2021**
- ***MarketWatch***: Research from Professors [Johannes Stroebel](https://www.marketwatch.com/story/stock-prices-undercount-climate-change-risks-and-real-estate-markets-are-way-way-off-paper-shows-11628535789) and [Jeffrey Wurgler](https://www.marketwatch.com/story/stock-prices-undercount-climate-change-risks-and-real-estate-markets-are-way-way-off-paper-shows-11628535789) is spotlighted: “Stock Prices Undercount Climate-change Risks, and Real-estate Markets are Way Way Off, Paper Shows.” **August 9, 2021**
- ***MarketWatch***: Professor [Ingo Walter](https://www.marketwatch.com/story/esg-metrics-rest-on-sand-not-granite-11620151386) op-ed: “Opinion: ESG Metrics Rest on Sand, Not Granite.” **May 4, 2021**
- ***Barron’s***: Commentary from Professor [Robert Engle](https://www.barrons.com/articles/carbon-pricing-is-hot-again-heres-how-investors-can-play-it-51600432201) is mentioned: “Carbon Pricing is Hot Again. Here’s How Investors Can Play It.” **September 18, 2020**
- ***New York Times***: A report authored by Climate-Related Market Risk Subcommittee members including [Johannes Stroebel](https://www.nytimes.com/2020/09/08/climate/climate-change-financial-markets.html#:~:text=%E2%80%9CA%20world%20wracked%20by%20frequent,and%20set%20for%20release%20on) is cited: "Federal Report Warns of Financial Havoc From Climate Change" **September 8, 2020**
- ***New York Times***: Joint research from Professor [Bryan Bollinger](https://www.nytimes.com/2020/08/19/business/behavioral-contagion-carbon-tax.html) addressing peer effects in the diffusion of solar panels is spotlighted. **August 25, 2020**
- ***Financial Times***: Professor [Robert Engle](https://www.ft.com/content/3d150d3d-9b10-4e94-990a-7d2dad1666f6) interview: "Carbon Credit Markets Still Have a Way to Go." **August 3, 2020**
- ***The Atlantic***: Professor [Bryan Bollinger](https://www.theatlantic.com/magazine/archive/2020/03/climate-change-peer-pressure/605515/)'s joint research on contagion in solar panel adoption is highlighted. **March 1, 2020**
- ***Washington Post***: Joint research from Professor [Bryan Bollinger](https://www.washingtonpost.com/outlook/2020/02/20/how-peer-pressure-can-help-save-planet/?arc404=true) on contagion in solar panel adoption is mentioned. **February 20, 2020**
- ***New York Times***: Joint research from Professors [Robert Engle](https://www.nytimes.com/2020/01/24/business/green-investments-climate-change.html) and [Johannes Stroebel](https://www.nytimes.com/2020/01/24/business/green-investments-climate-change.html) on hedging portfolios against climate change risk is cited. **January 24, 2020**