Pari Sastry
@parisastry.bsky.social
Finance AP at Columbia GSB
https://sites.google.com/view/parisastry/
Study climate finance, banks, insurance & mortgages
Finance PhD @MIT
Prev. at USTreasury, FSB_TCFD, BrookingsInst, NewYorkFed
https://sites.google.com/view/parisastry/
Study climate finance, banks, insurance & mortgages
Finance PhD @MIT
Prev. at USTreasury, FSB_TCFD, BrookingsInst, NewYorkFed
Thank you for these estimates! I have been following closely, it’s helpful to see these in real time.
One question — do you have any analysis, or does anyone have any estimates, of FAIR plan exposures in the impacted zip codes? And a $value of their (gross or net) liability from the fires?
One question — do you have any analysis, or does anyone have any estimates, of FAIR plan exposures in the impacted zip codes? And a $value of their (gross or net) liability from the fires?
January 20, 2025 at 10:24 PM
Thank you for these estimates! I have been following closely, it’s helpful to see these in real time.
One question — do you have any analysis, or does anyone have any estimates, of FAIR plan exposures in the impacted zip codes? And a $value of their (gross or net) liability from the fires?
One question — do you have any analysis, or does anyone have any estimates, of FAIR plan exposures in the impacted zip codes? And a $value of their (gross or net) liability from the fires?
Thank you Catherine!!
January 20, 2025 at 9:35 PM
Thank you Catherine!!
Takeaway: These are a number of policies that can be put in places to address these skewed incentives.
January 4, 2025 at 4:16 PM
Takeaway: These are a number of policies that can be put in places to address these skewed incentives.
Aymeric Bellon’s JMP also shows that forcing *lenders* to bear some of these costs also helps to reduce pollution: papers.ssrn.com/sol3/papers....
Fresh Start or Fresh Water: The Impact of Environmental Lender Liability
I study the impact of lenders’ environmental responsibility. My empirical setting exploits the U.S. Lender Liability Act of 1996, which reduced lenders' exposur
papers.ssrn.com
January 4, 2025 at 4:16 PM
Aymeric Bellon’s JMP also shows that forcing *lenders* to bear some of these costs also helps to reduce pollution: papers.ssrn.com/sol3/papers....
Here is a link to Jud’s paper www.aeaweb.org/articles?id=...
Drilling Like There's No Tomorrow: Bankruptcy, Insurance, and Environmental Risk
(February 2019) - This paper measures the effects of bankruptcy protection on industry structure and environmental outcomes in oil and gas extraction. Using administrative data from Texas, I exploit v...
www.aeaweb.org
January 4, 2025 at 4:05 PM
Here is a link to Jud’s paper www.aeaweb.org/articles?id=...
From a decarbonization standpoint, this isn’t necessarily bad.
They can pursue their portfolio decarbonization goals without being accused of antitrust violation.
This is why we studied the details of their *targets*, not just whether they were members or not.
They can pursue their portfolio decarbonization goals without being accused of antitrust violation.
This is why we studied the details of their *targets*, not just whether they were members or not.
January 2, 2025 at 10:45 PM
From a decarbonization standpoint, this isn’t necessarily bad.
They can pursue their portfolio decarbonization goals without being accused of antitrust violation.
This is why we studied the details of their *targets*, not just whether they were members or not.
They can pursue their portfolio decarbonization goals without being accused of antitrust violation.
This is why we studied the details of their *targets*, not just whether they were members or not.
Yes I want to see that too! Seemed quite slapstick to me as well at first blush, but I’ve heard from a few people that they liked it
December 31, 2024 at 10:51 PM
Yes I want to see that too! Seemed quite slapstick to me as well at first blush, but I’ve heard from a few people that they liked it
I am broadly optimistic because on balance it seems like green substitutes are growing cheaper over time (even when accounting for the subsidies), and brown stuff is struggling to compete. We let’s see.
December 31, 2024 at 4:01 PM
I am broadly optimistic because on balance it seems like green substitutes are growing cheaper over time (even when accounting for the subsidies), and brown stuff is struggling to compete. We let’s see.
There are many reasons to be pessimistic though:
1. Uncertainty about IRA’s fate will depress green investment.
2. Plans to open federal lands for drilling & building
3. Discussion around subsidizing fossil fuels
4. US support of the MDBs / blended finance likely to be cut
1. Uncertainty about IRA’s fate will depress green investment.
2. Plans to open federal lands for drilling & building
3. Discussion around subsidizing fossil fuels
4. US support of the MDBs / blended finance likely to be cut
December 31, 2024 at 4:01 PM
There are many reasons to be pessimistic though:
1. Uncertainty about IRA’s fate will depress green investment.
2. Plans to open federal lands for drilling & building
3. Discussion around subsidizing fossil fuels
4. US support of the MDBs / blended finance likely to be cut
1. Uncertainty about IRA’s fate will depress green investment.
2. Plans to open federal lands for drilling & building
3. Discussion around subsidizing fossil fuels
4. US support of the MDBs / blended finance likely to be cut
Here is a link to the paper: papers.ssrn.com/sol3/papers....
When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets
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Despite growing climate losses, Americans continue to move into high risk areas. This paper uses a range of natural experiments to show how mispricing of
papers.ssrn.com
December 23, 2024 at 11:07 PM
Here is a link to the paper: papers.ssrn.com/sol3/papers....
Argh I mean Robert Shiller*
December 21, 2024 at 5:04 PM
Argh I mean Robert Shiller*