Seminar Kleinman Center Event

Energy Economics and Finance Seminar

Monday, October 25, 2021 | 4:00PM - 5:00PM

Speaker

Francisco Costa
Assistant Professor, University of Delaware

Location

Huntsman Hall – Room JMHH G90
3730 Walnut St.
Philadelphia, PA 19104

Event Summary

The seminar series in Energy Economics & Finance (EEF) is jointly organized by Wharton’s Business Economics and Public Policy Department, the Kleinman Center for Energy Policy, and Wharton’s Business, Climate and Environment Lab. The scope of the seminar includes regulation and policy papers. The scope of the seminar also includes environmental and transportation issues, as long as there is a connection with energy. Sessions are biweekly on Mondays from 4:00 p.m. – 5:00 p.m.

For Fall 2021, the seminar will be a combination of in-person and virtual talks. In-person talks will be held at JMHH G90 while virtual ones will meet via Zoom. Meeting links and passcodes for virtual talks are required in order to join and will be included in the emailed meeting announcement prior to each session.

Find and add a Google Calendar version of the schedule on the BEPP seminar page.

To sign up for the seminar, please send your name, email, and affiliation to Dhivya Kaushik: dhivya@wharton.upenn.edu

TALK TITLE: Efficient Forestation in the Brazilian Amazon: Evidence from a Dynamic Model*

Abstract: This paper estimates the Brazilian Amazon’s carbon-efficient forestation — i.e. when farmers internalize the social cost of carbon. We propose a dynamic discrete choice model of land use and estimate it using a panel of land use and carbon stock of 5.7 billion pixels between 2008 and 2017. Business-as-usual implies an inefficient release of 44 gigatons of CO2 in the long run resulting from deforestation of an area twice the size of France. We find that small carbon taxes can mitigate a substantial part of inefficient deforestation. Only relatively larger taxes on cattle production would achieve a similar effect.

*Joint with Rafael Araujo and Marcelo Sant’Anna

View the paper
speaker

Francisco Costa

Assistant Professor of Economics, University of Delaware
Francisco Costa is an assistant professor of economics at the Alfred Lerner College of Business and Economics at the University of Delaware.
Fall 2021 Seminar Schedule
  • 9/27: Ishan Nath, Princeton University
  • 10/11: Tihitina Andarge, UMass-Amherst
  • 10/18: Lucas Davis, UC-Berkeley
  • 10/25: Francisco Costa, University of Delaware
  • 11/8: Paige Weber, UNC-Chapel Hill
  • 11/15: Sam Stolper, University of Michigan