# 2024 Summer Climate Finance Conference ## New York Fed and NYU Summer Climate Finance Conference May 31, 2024 The Federal Reserve Bank of New York and New York University are jointly organizing the inaugural Summer Climate Finance conference, to be held on May 31, 2024, at the Federal Reserve Bank of New York. The conference will be an in-person event, featuring research paper presentations, as well as keynote speeches by Stefano Giglio and Harrison Hong. The conference will cover key issues in climate finance, including but not limited to: - The impact of natural disasters or disaster mitigation attempts on economic output, financial stability, credit access, etc.; - The impact of climate migration on economic output, household welfare, and consumption; - The effects of green pledges on bank lending and aggregate economic output; - The inflationary or macroeconomic effects of different carbon emission-mitigation techniques; - The impact of biodiversity collapse on welfare and economic output; - The pricing of climate risks across different asset classes; - The importance of insurance markets in hedging climate related risks. ## EVENT DETAILS **Date & Time** May 31, 2024 8:30am-5:45pm **Location** Federal Reserve Bank of New York 13th Floor, Room 13-36 33 Liberty Street New York, NY **Audience** This event is in-person, and attendance is by invitation only. It is open to academics and other researchers in the fields of economics and finance. **Media** This event is open to media and all remarks are on the record. The event will be recorded, with the recording to be made available afterward. Media who wish to attend or have questions should contact Mariah Measey at . **Contact** For logistical inquiries, please contact . **Conference Organizers** Kristian Blickle, Federal Reserve Bank of New York Julian Di Giovanni, Federal Reserve Bank of New York Joao Santos, Federal Reserve Bank of New York Johannes Stroebel, NYU, Stern School of Business ## Agenda TimeSession Details8:30am - 9:15amRegistration and Continental Breakfast9:15am - 9:30am**Opening Remarks** *Kartik Athreya, Director of Research and Head of the Research and Statistics Group*9:30am - 10:15am**Keynote:** The Economic Consequences of Biodiversity Loss *Stefano Giglio, Yale School of Management*10:15am - 11:00am**Adaption in Financial Markets: Climate Diversification Through Securitization** *Amine Quazad, Rutgers Business School* *Matthew Kahn, University of Southern California* *Erkan Yönder, Concordia University*11:00am - 11:15amBreak11:15am - 12:00pm**Auto Finance in the Electric Vehicle Transition** *Adair Morse, University of California, Berkeley* *Elizabeth Klee, Board of Governors of the Federal Reserve System* *Chaehee Shin, Board of Governors of the Federal Reserve System*12:00pm - 1:00pmLunch1:00pm - 1:45pm**Decarbonizing Institutional Investor Portfolios: Helping to Green the Planet or Just Greening Your Portfolio** *Philipp Krueger, University of Geneva* *Vaska Atta-Darkua, University of Virginia, Darden School of Business* *Pedro Matos, University of Virginia, Darden School of Business* *Simon Glossner, Board of Governors of the Federal Reserve System*1:45pm - 2:30pm**Sustainability or Greenwashing** *Qiping Xu, University of Illinois, Gies College of Business* *Ran Duchin, Boston College* *Janet Gao, McDonough School of Business*2:30pm - 3:15pm**Carbon Price Uncertainty and Clean Investment** *Julian Terstegge, Copenhagen Business School* *Maximilian Fuchs, Copenhagen Business School* *Johannes Stroebel, NYU Stern*3:15pm - 4:15pmBreak and PhD Poster Session4:15pm - 5:00pm**When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets** *Pari Sastry, Columbia Business School* *Ishita Sen, Harvard Business School* *Ana-Maria Tenekedjieva, Board of Governors of the Federal Reserve System*5:00pm - 5:45pm**Keynote:** How Great is Transition Risk? *Harrison Hong, Columbia University* ## PH.D. POSTER SESSION - Information about Climate Transition Risk and Bank Lending *Bhavyaa Sharma, University of California, Santa Cruz* - Green Neighbors, Greener Neighborhoods *Christine Zhuowei Huang, University of Texas at Dallas* - The World Market Price of Biodiversity Risk *William Wei Xiong, Cornell University* - Sustainable Investments as Carbon Offsets *Jakob Famulok Goethe University, Frankfurt* - Media’s Nudge: How Attention to Natural Disasters Shifts Investor Appetite for Green Assets *Marina Andrea Misev, University of Basel* - Flooded House or Underwater Mortgage? *Yasmine van der Straten, University of Amsterdam* - Distributional Consequences of Greenwashing: A Mean-Field Game Approach *Joseph Huang, University of Pennsylvania* - How Anti-ESG Pressure Affects Investment: Evidence from Retirement Savings *Jane Danyu Zhang, UCLA Anderson School of Management*