Are we in the midst of a climate housing bubble?

Aerial shot of houses

(Outlet: Marketplace) Dave Burt at DeltaTerra Capital thinks the market is due for another correction, as homeowners in places with a growing risk of flooding and wildfire have to pay more for insurance. Rather than default on their loans, most homeowners should be able to sell and move somewhere cheaper if necessary, said Ben Keys, a professor of real estate and finance at the University of Pennsylvania’s Wharton School.Read More

U.S. banks remain the world’s largest funders of fossil fuels

A sign reading JPMorganChase in front of a tall glass building

(Outlet: Marketplace) Last year, JPMorgan Chase was once again the number one fossil fuel financier in the world, according to the 15th Banking on Climate Chaos report compiled by a group of environmental organizations. Banks have collectively invested almost $7 trillion in fossil fuels since the Paris Climate Agreement went into effect. “The banks that are based in the U.S. are just the biggest banks in the world. I mean, that’s not just true of oil and gas; that’s true of all sorts of lines of business,” said University of Pennsylvania finance professor Dan Garrett.Read More

Well-being as a driver for climate transition: From individual action to policy change

A sheet of stickers that say "I Voted"

(Outlet: Environmental Innovations Initiative) In recent work, part of the Public Deliberation on Climate Transitions and Well-Being research community, supported by the Environmental Innovations Initiative, Quinn, Kimbrough, and colleagues are seeking community input to understand how to enhance collective action on climate change through public deliberations. Read More

Sarah Light named inaugural presidential professor at Wharton for work on business, climate change

Sarah Light smiles into the camera wearing a green shirt and black sweater.

(Outlet: Daily Pennsylvanian) Sarah Light has been appointed as the inaugural Mitchell J. Blutt and Margo Krody Blutt Presidential Professor at the Wharton School. Presidential professorships aim to help Penn attract and retain accomplished scholars and recognize their contributions. The Wharton appointment is one of three such professorships at Penn, with the other two housed in the School of Arts and Sciences and the Perelman School of Medicine. Read More

Sarah E. Light Appointed Inaugural Mitchell J. Blutt and Margo Krody Blutt Presidential Professor

Sarah Light smiles into the camera wearing a green shirt and a black cardigan.

(Outlet: Wharton Press Release) Penn Interim President J. Larry Jameson and Wharton Dean Erika H. James are delighted to announce the appointment of Professor Sarah E. Light as the inaugural recipient of the Mitchell J. Blutt and Margo Krody Blutt Presidential Professorship at the Wharton School, which is one of three Presidential Professorships Dr. Mitchell J. Blutt, C’78, M’82, WG’87 and Mrs. Margo Blutt have generously established at the University of Pennsylvania. The three Presidential Professorships are at the Wharton School, Penn Arts & Sciences, and the Perelman School of Medicine, the three Penn schools Dr. Blutt attended.Read More

Experts Say Proposed Vehicle Emissions and Fuel Rules Not an EPA ‘Ban’ on Gas-Powered Cars

Cars travel along Interstate 80 on Jan. 16 in Berkeley, California.

(Outlet: Pending regulations under review by the Biden administration could greatly increase the number of electric vehicles sold in the U.S. But if implemented, the proposals to reduce tailpipe emissions and raise the fuel efficiency standards of cars and trucks would not “ban” the sale of new gasoline-powered vehicles, as a trade group for fuel makers falsely suggests in an ad campaign.Read More