The Social Cost of Carbon
What economists call the "Social Cost of Carbon" is the brake that society uses to alter the rate of usage of the atmosphere's unknown capacity to safely absorb emissions. However, currently, the incentive to reduce emissions is strongly negative due to governments subsidizing the creation of emissions, and companies like Exxon and Shell not understanding the issues behind the creation of these emissions.
"It is difficult to get a company to understand something, when the valuation of its assets depends on it not understanding it."
This is event is Co-hosted with Cornell University and is part of Spring 2017 Cornell Financial Engineering Seminar Series.
Join Bob Litterman, Chairman and Founding Partner, Kepos Capital, on March 15 as he discusses issues on carbon pricing.
All Seminars are from 6:00 to 7:15pm and will broadcast to our Ithaca campus, Rhodes 267.
Seminars are free, but registration is required for NYC attendees.
If you are unable to join us in person, please CLICK HERE TO JOIN THE LIVE STREAM >
Bob Litterman is the Chairman of the Risk Committee and a founding partner of Kepos Capital, a New York City based systematic global macro firm. Prior to joining Kepos Capital in 2010, Bob enjoyed a 23-year career at Goldman, Sachs & Co., where he served in research, risk management, investments and thought leadership roles.
During his tenure at Goldman, Bob researched and published a number of groundbreaking papers in asset allocation and risk management. He is the co-developer of the Black-Litterman Global Asset Allocation Model, a key tool in investment management, and has co-authored books including The Practice of Risk Management and Modern Investment Management: An Equilibrium Approach (Wiley & Co.). He was inducted into Risk Magazine’s Risk Management Hall of Fame and named the 2013 Risk Manager of the Year by the Global Association of Risk Professionals. Bob serves on a number of boards, including Commonfund, where he was elected Chair in 2014, Options Clearing Corporation, Resources For the Future, Robert Wood Johnson Foundation, and the Sloan Foundation.