Calendar

NBER - Climate and Nature Finance Conference

The conference is jointly hosted with Centre for Corporate Governance Research (CCGR), NBER and NBIM.

Friday 24 April
  • Starts:08:30, 24 April 2026
  • Ends:16:30, 24 April 2026
  • Location:BI - campus Oslo
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This full-day conference will feature eight presentations. During the lunch break, a PhD poster session will showcase 12 research projects.

The conference will be preceded by a panel discussion: Nature Finance - Opportunities and Risks: What We Know and What We Don't, held the day before on 23 April. Find additional information here.

Programme

  • Time
  • Title

  • Session 1: Climate Risk, Hedging, and Asset Pricing

    Climate Risk Pricing
    Lasse H. Pedersen

    The Value of Compliance Offsets in Cap-and-Trade Markets
    Aymeric Bellon, Deeksha Gupta, Tarun Ramadorai, Federica Zeni 

  • Session 2: Financial Frictions and the Green Investment Channel

    Lost in Transition: Financial Barriers to Green Growth
    Philippe Aghion, Antonin Bergeaud, John Van Reenen, Maarten De Ridder 
      
    Financing Investment in Electricity
    Olivier Darmouni, Clemens Lehner, Parinitha R. Sastry

  • Session 3: Firm Networks, Reallocation, and Environmental Shocks

    Two Centuries of U.S. Innovation: Firms' Internal Networks and Resilience to Disasters
    Mathias Kruttli, Noah Stoffman, Sumudu W. Watugala 
     
    Canaries in the Coal Mine: Firm Response to Biodiversity Transition Risk
    Jesus R. Pena Manrique, Shikhar Singla 

  • Session 4: Environmental Policy Effectiveness and Real Resource Allocation

    Restoring Nature, Creating Wealth: Evidence from Rural Households in Africa
    Geoffrey Heal, Claudio Rizzi, Simon Xu

    Green Waste
    Ingvil Gaarder, Morten Grindaker, Tom G. Meling, Magne Mogstad

  • Poster Sessions

  • Poster session 1: Pricing and Transmission of Climate Risk in Corporate Loan

    Natalia Madrid, University of California, San Diego

  • Poster session 2: Carbon in the Cloud

    Tingyu Yu, University of Zurich

  • Poster session 3: Impact Investing and Private Equity: Cross-Country Determinants and Economic, Social, and Environmental Outcomes

    Mahdieh Vosough Gohari, BI Norwegian Business School

  • Poster session 4: The Effects of Green and Social Bond Issuance on Firms' ESG Performance

    Rodrigo Graça, Norwegian University of Science and Technology (NTNU)

  • Poster session 5: One Price Fits All? Cross-Subsidies in Uniformly Priced Natural Perils Insurance

    Caroline Espegren, Bank of Norway

  • Poster session 6: Biodiversity as an Asset: A Critical Analysis of Investor Narratives and Their Justice Implications

    Catalina A. Papari, Utrecht University

  • Poster session 7: Global Warming, Ecosystems and Inequality

    Ignacio Oliva, University of California, Davis

  • Poster session 8: Can Investor Coalitions Drive Corporate Climate Action?

    Nikolaus Hastreiter, London School of Economics and Political Science (LSE)

  • Poster session 9: The Value of Nature-Based Adaptation. Evidence that Tree Cover Protects Urban Revenue from Heat

    Andie Creel, Yale University

  • Poster session 10: The Unintended Consequences of Carbon Markets

    Lior Shabtai, Northwestern University

  • Poster session 11: Incident-Driven ESG Engagement

    Yongheng Sun, Singapore Management University

  • Poster session 12: Taxonomy Talks, Credit Walks: The EU's Climate Disclosure Framework and Bank Lending

    Felicitas Koch, ifo Institute

The organising committee

  • Caroline Flammer (NYU)
  • Stefano Giglio (Yale)
  • Johannes Stroebel (NYU)
  • Janis Berzins (BI)
  • Salvatore Miglietta (BI)
  • Bogdan Stacescu (BI)
  • Stephen Szaura (BI)
  • Adam Winegar (BI). 

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