Wharton Climate and Commodities Virtual Conference

Friday April 23, 2021

08:30 – 11:30AM


Organized by Professors Erik P. Gilje (Wharton School) and Jerome P. Taillard (Babson College)


The objective of this conference is to provide both an academic and practitioner perspective on climate and commodity issues facing asset markets and firms.  The conference will feature four academic papers, covering the economics of wind power, the role of climate risk on firm decision making, as well as oil price dynamics.  The conference will end with a one-hour joint academic and practitioner panel which will include the participation of Wharton Professor Jeremy Siegel.  The panel will discuss inflation, commodity super-cycles, as well as ESG investing, and its relationship with commodity price dynamics.  There will be time for Q&A allotted for both the paper presentations and the panel discussion.

8:30 – 10:30AM


20 min presentations, 10 min Q&A

“Winds of Change: Technical Progress, Learning and Innovation in Wind Power”
Thom Covert (University of Chicago) and Richard Sweeney 

“The Rising Tide Lifts Some Interest Rates: Climate Change, Natural Disasters and Loan Pricing” (Click here for paper)
Christoph Herpfer (Emory University), Ricardo Correa, Ai He, and Ugur Lel

“Temperature Shocks and Industry Earnings News” (Click here for paper)
Jawad M. Addoum (Cornell University), David T. Ng, and Ariel Ortiz-Bobea

“The Day that WTI Died: Asset Prices and Firm Production Decisions” (Click here for paper)
Jerome P. Taillard (Babson College), Erik P. Gilje, Nick Roussanov, and Rob Ready

10:30 – 10:35AM


10:35 – 11:30AM


Commodities/Inflation/Super-cycle/Climate Issues

Erik P. Gilje, Assistant Professor of Finance, Wharton School 

Jeremy Siegel, Russell E. Palmer Professor of Finance, Wharton School

John Jovanovic, Wharton Alum, MBA Class of 2014  (Click here for bio)

Casey Dwyer, Wharton Alum, MBA Class of 2017; MA Lauder Institute Class of 2017  (Click here for bio)