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Virtual Seminar on Climate Economics - Shared screen
Glenn Rudebusch (SF Fed)
24:59
To ask a question, type it into this chat feature and select “Raise hand.” If you want me to read the question, type “Please ask” as well. Given the large audience, please be concise and avoid distracting side conversation.
MOHAMAD Jabri
01:14:23
thank you
Jesse Keenan
01:16:04
Great presentation. Thank you so much.
Liqiao Wang
01:18:23
Thank you for a fantastic presentation.
Simon Dietz
01:30:16
Gernot, re: the Green Paradox, I guess a plausible long-term carbon constraint still reduces the DCF of a fossil fuel producer, even if it reacts by accelerating production. Also, I'm not sure how many fossil fuel producers have low enough extraction costs to do this acceleration. I guess this would mainly be the preserve of the National Oil Companies that are not listed on the exchanges.
Gernot Wagner
01:31:59
Thanks, and agreed. Some anecdotal evidence of that -- say OPEC declining to limit production (as expected) at its meeting during the first week of COP21/Paris, with news leaks suggesting it was OPEC in Vienna watching Paris.
Gernot Wagner
01:34:57
Simon, all that said, of course: politics! E.g. witness the American Petroleum Institute's (expected) vote today in support of an "economy-wide carbon price as the primary government policy tool." My guess: it isn't API suddenly finding (climate) religion.
Richard Berner
01:36:45
Adele is right; isn't that why we try to examine Scope 3 emissions?
Gernot Wagner
01:38:55
https://www.youtube.com/watch?v=mdsPvbSpB2Y