Gernot Wagner
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Senior Lecturer in the Discipline of Economics in the Faculty of Business, Columbia Business School
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Faculty Affiliate, Center for Environmental Economics and Policy (CEEP)
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Faculty Fellow, CESifo
Faculty Director, Climate Knowledge Initiative, Tamer Center for Social Enterprise
Board Member, CarbonPlan
Columnist, Project Syndicate -
392 Kravis Hall
665 West 130th Street
New York, NY United States 10027
USA
BIOGRAPHY:
Gernot Wagner is a climate economist at Columbia Business School. His research, writing, and teaching focus on climate risks and climate policy. Gernot writes a monthly column for Project Syndicate and has written four books: Geoengineering: the Gamble, published by Polity (2021); Stadt, Land, Klima (“City, Country, Climate”), published, in German, by Brandstätter Verlag (2021); Climate Shock, joint with Harvard's Martin Weitzman and published by Princeton (2015), among others, a Top 15 Financial Times McKinsey Business Book of the Year 2015, and Austria’s Natural Science Book of the Year 2017; and But will the planet notice?, published by Hill & Wang/Farrar Strauss & Giroux (2011).
Prior to joining Columbia as senior lecturer and serving as faculty director of the Climate Knowledge Initiative, Gernot taught at NYU, Harvard, and Columbia. He was the founding executive director of Harvard's Solar Geoengineering Research Program (2016 – 2019), and served as economist at the Environmental Defense Fund (2008 – 2016), most recently as lead senior economist (2014 – 2016) and member of its Leadership Council (2015 – 2016). He has been a term member of the Council on Foreign Relations, a Senior Fellow at the Jain Family Institute, and is a CESifo Research Network Fellow, a Faculty Affiliate at the Columbia Center for Environmental Economics and Policy, a Member of the New York City Panel on Climate Change, a Coordinating Lead Author of the Austrian Panel on Climate Change, and he serves on the board of CarbonPlan.org.
RECENT POSTS FROM STATE OF THE PLANET
Floods are wreaking havoc around the world. Vienna might have found an answer
Floods are seemingly unavoidable these days. Florida, North Carolina, Nigeria, Tunisia, Mexico, India, Nepal, Vietnam, Poland and Austria are among the places that have experienced flooding in the last month. Those floods should no longer come as much of a surprise. Climate change leads to more frequent and intense rain almost everywhere on the planet, and most infrastructure, from roads and bridges to canals and hydroelectric dams, is simply not built to withstand such extremes. That’s where Vienna stands out. The floods that have deluged central Europe over the past two weeks caused plenty of disruptions in Lower Austria, including to a newly built train station meant to connect the burgeoning suburbs to the city. But aside from some disruption to Vienna’s otherwise well-functioning subway system, Viennese homes were largely spared. Why? It’s not because Vienna sits on higher ground than the surrounding areas (by and large it does not). The reason the city escaped the worst of the floods is because of human engineering and political foresight dating back to the 1960s, which emerged in response to earlier floods that devastated parts of the city. The train station that was damaged, which sits to the west of Vienna, was built in 2012 and is itself a sign of the growing problem. Lower Austria’s own flood maps show how the Tullnerfeld suburbs are particularly vulnerable to flooding, yet thousands of new single-family homes have been built in suburban areas surrounding the station. Continued Bodenversiegelung – German for “soil sealing”, where green fields are concreted over for development – all but ensure that flooding is going to get worse for years to come. One problem is that the yardstick for sensible flood protection is changing fast as the climate crisis accelerates. In the 20th century, a “100-year” flood was so-called because it might have only happened once in 100 years. Now, such extreme events are more regular. A months-long cleanup once a century may be a risk worth taking, but doing the same clean-up every decade, or even once a year, is not. All that makes Vienna’s own flood protection all the more impressive. Built along the Danube, Vienna had endured its share of floods over the years. The largest in recorded history happened in 1501, when the Danube carried about 20 times as much water towards Vienna than in an average year. The biggest flood in the last century was in 1954, and devastated parts of the city. Years of political handwringing followed about what to do to protect it. In 1969, Vienna’s city council voted to build what has since become known as the Donauinsel, a 21km-long island in the middle of the Danube. The island effectively created a dam and a relief channel north of central Vienna that was able to hold enough water to help protect the city against the kind of flood that occurred in 1501. So far, it has held up its promise. Then there are the wider political questions raised by Vienna’s experience. Initially, when parliament voted to build the Donauinsel, Austria’s conservative People’s party (ÖVP) opposed the new island on the basis that Vienna had more “urgent” tasks to solve. Vienna’s conservatives might since have come around to seeing the error in their opposition. But the national party is as opposed to climate action as it has always been, and is now only surpassed in its zealotry by the far-right Freedom party. The latter just emerged as the strongest force in Austria’s parliamentary elections. And the right’s opposition to climate action, of course, extends well beyond Austria.
There are ample steps cities the world over must take to protect themselves against the climate crisis. Building “1,000-year” flood protections is only the beginning. In a world where fossil fuel emissions anywhere can lead to a drastic rise in Arctic lightning, where Arctic “zombie viruses” could spark pandemics and where Canadian wildfire smoke turns New York City’s skies orange, adapting to climate change goes well beyond building dams.
Yet a dam – the simple piece of engineering that has so far protected Vienna – has numerous benefits. Dams can double as a low-carbon source for hydropower (Vienna’s dam doesn’t produce any electricity, although Austria gets two thirds of its own electricity from hydropower, accounting for most of its low-carbon generation). There are plenty of other steps that are triple-wins: good for cutting greenhouse-gas emissions, adapting to climate change and the economy. Particularly in Britain, this could start with insulating homes against the elements, to cut down on heating and cooling costs and associated emissions. It also extends to smart spatial planning. It seems obvious that we should cease building more suburban houses on floodplains – or more suburban houses in the first place, for that matter. After all, it is far easier to protect homes within a city such as Vienna than the sprawling enclaves surrounding the city, and dense urban neighbourhoods allow for much lower-carbon living than suburban subdivisions. That’s a win for flood protection, and a win for cutting carbon emissions. Vienna frequently ranks among the world’s most livable cities for good reason. Protection against climatic extremes does not yet figure into these rankings. It should, and Vienna would once again come out on top. Gernot Wagner is a climate economist at Columbia Business School. He is a member of the scientific advisory board of the Wiener Klimarat, Vienna’s climate council. Published in The Guardian on 2 October 2024.Health Justice
"Environmental Justice: Advancing Health in Our Climate Crisis" NewYork-Presbyterian Dalio Center for Health Justice Conference October 1, 2024, 9:00 a.m.-4:00 p.m. Brooklyn Museum, New York, NY Speakers: Brian Donley, MD Julia Iyasere, MD, MBA Aaron "Ari" Bernstein, MD, MPH Robert Bullard, PhD Kizzy Charles-Guzman, MS Justice Davis David Garza John Kerry, JD Chef Gregory Silverman, MSc Gernot Wagner, PhD nyp.org/2024daliocenterconference
Global Cement
"Breaking down barriers: How to accelerate the transition to net zero cement and concrete" 26 September 2024, 10:00 a.m.-12:30 p.m. The Swedish-American Chamber-Commerce, Inc., 900 3rd Ave 29th floor, New York, NY 10022 Speakers: - Mahendra Singhi, MD & CEO, Dalmia Bharat Group - Nadia Scipio del Campo, Consul & Director, Consulate General of Canada in New York | Consulat général du Canada à New York - Dr. Abdulla Malek, Energy Transition Director, COP28 UAE - Massimo Toso, President & CEO, Buzzi Unicem USA Panel on partnerships and innovation: - Johanna Lissinger Peitz, Senior Advisor, Ministry of Climate and Enterprise, Sweden - Thomas Guillot, CEO, GCCA - Daniel Kopp, CEO/CTO, Queens Carbon - Femi Akinrebiyo, Manager of Global Manufacturing & Trade Supplier Finance, IFC - International Finance Corporation - Lucy Rodriguez, EVP and Corporate Communications, Cemex Panel policy: - Mahendra Shunmoogam, Director, International Trade Policy, Department for Trade, Industry & Competition, South Africa - Cédric de Meeûs, Head, Group Public Affairs and Social Impact, Holcim - Rachelle Olortegui, Strategy Director, Carbon BioCapture® - Gernot Wagner, Columbia Business School Full recording: [embed]https://www.youtube.com/live/fU16aLa1tgA[/embed]
WSJ: “Big Tech Is Rushing to Find Clean Power to Fuel AI’s Insatiable Appetite”
Over time, tech companies say AI could help them limit emissions by, for example, helping utilities more efficiently deploy renewable power. But it isn’t clear such benefits would come close to making up for the soaring emissions. “It’s a massive increase that may not be justified by the productivity gains from AI,” said Gernot Wagner, a climate economist at Columbia Business School.Quoted in: "Big Tech Is Rushing to Find Clean Power to Fuel AI’s Insatiable Appetite" [print edition: "AI Demand Spurs Big Tech Scramble For Clean Energy"] by Jennifer Hill and Amrith Ramkumar, Wall Street Journal (25 September 2024).
GAEA/WEF
Columbia Climate School
PUBLICATIONS
Books
Wagner, Gernot. Geoengineering: the Gamble (Polity Press, published on 24 September 2021 in the UK, 5 November 2021 in the U.S. and Canada); German: Und wenn wir einfach die Sonne verdunkeln? (oekom Verlag, 7 February 2023).
Wagner, Gernot. Stadt, Land, Klima (Chr. Brandstätter Verlag, 8 February 2021; written in German; English: “City, Country, Climate”).
Wagner, Gernot and Martin L. Weitzman. Climate Shock: The Economic Consequences of a Hotter Planet (Princeton University Press; 2015; paperback, 2016); Top 15 Financial Times McKinsey Business Book of the Year 2015; Austria’s Natural Science Book of the Year 2017.
Articles
Merk, Christine and Gernot Wagner. “Presenting balanced geoengineering information has little effect on mitigation engagement,” Climatic Change (forthcoming).
Kotchen, Matthew J., James A. Rising, and Gernot Wagner. “The costs of “costless” climate mitigation.” Science 382(6674): pp. 1001-3 (30 November 2023). doi: 10.1126/science.adj2453
Wagner, Gernot and Daniel Zizzamia “Green Moral Hazards.” Ethics, Policy & Environment 25(3): pp. 264-80 (September 2022). doi: 10.1080/21550085.2021.1940449
Dietz, Simon, James Rising, Thomas Stoerk, and Gernot Wagner. “Economic impacts of tipping points in the climate system,” PNAS (24 August 2021). doi: 10.1073/pnas.2103081118
Daniel, Kent D., Robert B. Litterman, and Gernot Wagner. “Declining CO2 price paths,” PNAS (1 October 2019). doi: 10.1073/pnas.1905755116
Reynolds, Jesse L. and Gernot Wagner. “Highly decentralized solar geoengineering.” Environmental Politics (2019). doi: 10.1080/09644016.2019.1648169
Kelleher, J. Paul and Gernot Wagner. “Ramsey discounting calls for subtracting climate damages from economic growth rates.” Applied Economics Letters 26 (1): 79-82 (2019). doi:10.1080/13504851.2018. 1438581
Kelleher, J. Paul and Gernot Wagner. “Prescriptivism, risk aversion, and intertemporal substitution in climate economics.” Annals of Economics and Statistics No. 132 (December 2018): 129-49.
Smith, Wake and Gernot Wagner. “Stratospheric aerosol injection tactics and costs in the first 15 years of deployment.” Environmental Research Letters 13 (2018) 124001. doi:10.1088/1748-9326/aae98d.
Mahajan, Aseem, Dustin Tingley, and Gernot Wagner. “Fast, cheap, and imperfect? U.S. public opinion about solar geoengineering.” Environmental Politics (May 2018), doi:10.1080/09644016. 2018.1479101