Baruch-JFQA Climate Finance and Sustainability Conference 2026
Presented by:
Zicklin School of Business, Baruch College, CUNY
and
Journal of Financial and Quantitative Analysis
Baruch College, New York
Program
DAY 1 Thursday, March 12, 2026
11:30-12:00 Registration and Brunch
12:00-12:10 Opening Remarks, Linda Essig (Baruch College Provost)
12:15-13:15 Keynote Address: Ran Duchin (Coughlin Family chair, Boston College)
13:15-13:30 Break
13:30-15:00 Session 1: Asset Prices
Cap and Trade with Imperfect Hedging
Biais, Bruno (HEC Paris, France)
Hombert, Johan (HEC Paris, France)
Schmidt, Daniel (HEC Paris, France)
Weill, Pierre-Olivier (UCLA)
Discussant: Wang, Yajun (Baruch College)
House Prices Under Rising Seas: Measuring Deep Uncertainty in Theory and Evidence
Barnett, Michael (Arizona State University)
Dice, Jacob (Federal Reserve Bank of Kansas City)
Phan, Toan (Federal Reserve Bank of Richmond)
Rodziewicz, David (Federal Reserve Bank of Kansas City)
Yannelis, Constantine (University of Cambridge)
Discussant: Payne, Jonathan (Princeton University)
Satellite-Informed Extreme Climate Risks and Volatility in Crop Futures
Cong, Lin William (Cornell SC Johnson College of Business)
Duan, Xinyu (Fudan University)
Liu, Qingfu (Fudan University)
Wang, Chuanjie (Shanghai University of Finance and Economics)
Discussant: Kirilenko, Andrei (University of Cambridge)
15:00-15:15 Break
15:15-16:45 Session 2: Policy, Politics, and Technology
The Green Value of BigTech Credit
Su, Dan (Cheung Kong Graduate School of Business)
Wang, Peng (Sun Yat-Sen University)
Wang, Xinyi (Peking University)
Yu, Xiaoyun (Shanghai Jiao Tong University)
Discussant: Lin, Tse-Chun (University of Hong Kong)
Decrypting Financial and Ecological Effects of the Endangered Species Act
Zhang, Yi (Hong Kong University of Science and Technology (Guangzhou))
Tang, Dragon Yongjun (University of Hong Kong)
Wang, Liying (University of Liverpool)
Chen, Luoye (Hong Kong University of Science and Technology (Guangzhou))
Discussant: Seltzer, Lee (Federal Reserve Bank of New York)
The Anti-ESG Movement and Analyst Responses to ESG Information
Chen, Jing-Chi {George} (University of West Georgia)
Shanthikumar, Devin (University of California, Irvine)
Wei, Sijing (Creighton University)
Zhang, Jiarui {Iris} (California State University, Long Beach)
Discussant: Skinner, Nikki (University of Colorado Boulder)
17:00 Reception and PhD Poster Session
DAY 2 Friday, March 13, 2026
8:00-8:30 Registration and Breakfast
8:30-8:45 Opening Remarks, Bruce Weber (Willem Kooyker Dean, Zicklin School)
8:45-9:45 Panel Discussion: Climate and Sustainability, Perspectives from Educators, Asset Managers, Firms and Standard Setters
Moderator: Dr. Kai Li (Fellow of the Royal Society of Canada and Endowed Chair in Finance at the University of British Columbia)
Panelists:
Christina Ho (Vice President, Strategic Planning, Con Edison)
Andrew Karolyi (Charles Field Knight Dean, Cornell SC Johnson College of Business)
Veronica Poole (Vice Chair, Deloitte UK, Global IFRS and Corporate Reporting Leader)
Diana Stoltzfus (Partner, PwC, formerly SEC Deputy Chief Accountant)
Brian Singer (Global head of GS SUSTAIN for Global Investment Research, Goldman Sachs)
9:45-10:00 Break
10:00-11:00 Rising Stars. Moderator: Pedro Matos (UVA Darden School)
Financing Investment in Electricity
Darmouni, Olivier (HEC, Paris)
Sastry, Parinitha (University of Pennsylvania)
Lehrer, Clemens (Columbia Business School)
Insurers' Carbon Underwriting Policies
Carradori, Olimpia (Swiss Finance Institute and University of Zurich)
von Meyerinck, Felix (Lake Lucerne Institute and University of Zurich)
Sautner, Zacharias (Swiss Finance Institute and University of Zurich)
The Market for Voluntary Carbon Offsets
Berg, Florian (MIT)
Ceccarelli, Marco (VU Amsterdam and Tinbergen Institute)
Rigobon, Roberto (MIT)
Ivashchenko, Alexey (VU Amsterdam and Tinbergen Institute)
Heeb, Florian (Leibniz Institute for Financial Research SAFE)
Zwinkels, Remco (VU Amsterdam and Tinbergen Institute)
11:00-11:15 Break
11:15-12:45 Session 3: Corporate Decisions
Bond, Philip;(University of Washington)
Levit, Doron (University of Washington)
Discussant: Kopytov, Alex (University of Rochester)
Chiu, Wan-Chien (National Tsing Hua University)
Hsu, Po-Hsuan (National Tsing Hua University)
Li, Kai (University of British Columbia)
Tong, Joy (University of Western Ontario)
Discussant: Butler, Alexander (Rice University)
Temperature, Adaptation, and Local Industry Concentration
Xu, Qiping (University of Illinois Urbana Champaign)
Ponticelli, Jacopo (Northwestern University)
Zeume, Stefan (University of Illinois Urbana Champaign)
Discussant: Gantchev, Nickolay (University of Virginia)
12:45-14:15 Lunch
Keynote Address: Laura Starks (George Kozmetsky Centennial Distinguished University Chair, University of Texas at Austin)
14:30-15:30 Rising stars. Moderator: TBD
When Locking In Biodiversity Locks Up Land
Bahrami, Golnaz (Pennsylvania State University)
Gustafson, Matthew (Pennsylvania State University)
Steiner, Eva (Pennsylvania State University)
Brogaard, Jonathan (University of Utah)
Gerasimova, Nataliya (BI Norwegian Business School)
Kim, Daniel (University of Waterloo)
Rohrer, Maximilian (Norwegian School of Economics)
Dube, Svenja (Baruch College)
Geoffroy, Rachel (Ohio State University)
15:30
Adjourn
Conference Co-organizers/Co-Sponsors
Ran Duchin (Coughlin Family Professor, Boston College, Managing Editor, JFQA)
Kai Li (Canada Research Chair in Corporate Governance and W. Maurice Young Endowed Chair in Finance, UBC, Managing Editor, JFQA)
Lin Peng (Krell Chair Professor in Finance, Baruch College)
Dexin Zhou (Associate Professor, Baruch College)
Svenjia Dube (Assistant Professor, Baruch College)
Program Committee
Pat Akey (ESSEC), Elsa Allman (French Central Bank), Ian Appel (UVA Darden), Aymeric Bellon (UNC Chapel Hill), Jie Cao (HK Poly U), Dmitry Chebotarev (Indiana University), Shira Cohen (SDSU), Elroy Dimson (Cambridge), Joey Engelberg (UCSD), Janet Gao (Georgetown), Zhenyu Gao (CUHK), Daniel G. Garrett (UPenn), Shan Ge (NYU), Stefano Giglio (Yale), Mariassunta Giannetti (Stockholm School of Economics), Matthew Gustafson (Penn State), Umit Gurun (UT Dallas), Ai He (U of South Carolina), Christoph Herpfer (UVA Darden), Shiyang Huang (HKU), Wenxi Jiang (CUHK), Igor Kadach (IESE), Sehoon Kim (U of Florida), Andrei Kirilenko (Cambridge), Ugur Lel (UGA), Doron Levit (U of Washington), Ryan Lewis (CU Boulder), Kai Li (Peking U (HSBC)), Jiasun Li (George Mason), Weikai Li (CityU HK), Hao Liang (Singapore Management University), Lisa Yao Liu (Columbia), Daniele Macciocchi (U of Miami), Pedro Matos (UVA), Roni Michaely (HKU), Adair Morse (UC Berkeley), Philip Mulder (Wisconsin Madison), Dermot Murphy (UIC), Lilian Ng (York University), Sangmin Oh (Columbia), Enrichetta Ravina (Northwestern), Lukas Roth (U of Alberta), Ethan Rouen (Harvard), Hong Ru (MIT), Parinitha Sastry (UPenn), Zacharias Sautner (U of Zurich), Christoph M. Schiller (Ohio State University), Thomas Schmid (HKU), Ishita Sen (Harvard), Sophie Shive (Notre Dame), Nikki Skinner (U of Colorado), Denis Sosyura (Arizona State University), Yuehua Tang (U of Florida), Lucian A. Taylor (UPenn), Nitzan Tzur-Ilan (Dallas Fed), Peter Tufano (Harvard), Yongxiang Wang (SAIF), Jeffrey Wurgler (NYU), Steven Xiao (UT Dallas), Qiping Xu (UIUC), Constantine Yannelis (Cambridge), Ayako Yasuda (UC Davis), Aaron Yoon (Northwestern), Xiaoyun Yu (SAIF), Hong Zhang (Singapore Management University), Shaojun Zhang (Ohio State University), Xin Zheng (UBC), Qifei Zhu (NUS)