Gernot Wagner
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gwagner.com
Gernot Wagner
@gwagner.com

Climate economist, Columbia
https://gwagner.com
It’s pronounced juggernaut without the jug.

Gernot Wagner is an Austro-American climate economist at Columbia Business School. He holds an AB and a PhD in political economy and government from Harvard University, as well as an MA in economics from Stanford University. A founding co-director of Harvard's Solar Geoengineering Research Program (2017–2019) he joined the faculty of New York University in 2019, moving to Columbia University in 2022. Wagner writes a monthly column for Project Syndicate, and is the co-author, with Martin L. Weitzman, of Climate Shock, a Top 15 Financial Times-McKinsey Business Book of the Year 2015. He won the "Austrian of the Year" award in 2022, awarded by Austrian daily Die Presse. .. more

Economics 35%
Environmental science 29%

The coffee is delicious, but the pollution from this — NOₓ, PM₂.₅, CO₂, noise(!) — is something else.

The zero-emissions version must pass any benefit-cost test with flying colors, especially on a day like today with thousands of people in the vicinity.

Reposted by Richard Waite

NYC is glorious, Lower East Side morning run edition

³ Mine takes 30 MBAs to Frankfurt, Köln/Düsseldorf/Duisburg, Lixhe, Brussels, and Amsterdam to explore Green Industrial Policy in Europe gwagner.com/cbs-gip
Columbia Business School Global Immersion: Green Industrial Policy in…
Spring 2026 A-term course
gwagner.com

And that "500 of 800 MBAs" doesn't even count the other climate electives: Climate Finance, Climate Policy¹, Climate Risk², Climate Tech, Sustainable Ops, Sustainable Marketing, and a couple new travel courses.³

¹ gwagner.com/cbs-climate-policy
² gwagner.com/cbs-climate-risk
Columbia Business School: Climate Policy
Spring 2026 A-term course
gwagner.com

Next run-through: an already oversubscribed 2½-day block week in mid-January gwagner.com/bcc
Columbia Business School: Business & Climate Change
Spring 2026 January Block Week
gwagner.com

This is fun: Apparently I (co!)-teach the most popular elective at @columbiabusiness.bsky.social, which just happens to be @poetsandquants.bsky.social' MBA Program Of The Year

The most important bit: 500(!) out of our 800 MBAs a year take this climate course

poetsandquants.com/2025/11/25/p...
Poets&Quants' MBA Program Of The Year: Columbia Business School
How AI, climate, and a relentlessly future-oriented curriculum are reshaping one of the world’s great MBA programs
poetsandquants.com
The climate crisis won’t wait and neither will we. With this team, we’ll meet it head-on.

And no, Climate Shock, the book, wasn't about home insurance. The shock there focused on the tail of climate sensitivity.

gwagner.com/books/climateshock
Climate Shock
gwagner.com

Harsh

Home insurance premium shooting up within less than a decade

www.nytimes.com/interactive/...

Reposted by Juan Cole

I remember long debates on whether "Climate Shock" as book title would come across as catastrophizing.

10 years later, it's an above-the-fold NYT headline.

Reposted by Gernot Wagner

Want low-carbon steel & cement? Buy it!

Public procurement is key to climate success.

Spot on by Casier, @jorenverschaeve.bsky.social & Deboffe via @projectsyndicate.bsky.social

prosyn.org/fECHpKy
Europe Must Stop Squandering the Power of Its Purse
Liesbeth Casier, Joren Verschaeve and Christophe Deboffe show how the European Union could be using public procurement more effectively to advance its climate goals.
prosyn.org

Reposted by Gernot Wagner

"We followed everything we were supposed to do"

Legitimate green card applicants with US spouses are being
arrested by armed, masked men at scheduled immigration interviews, taken away from their children, sent to prison

www.nytimes.com/2025/11/26/u...
Green Card Interviews End in Handcuffs for Spouses of U.S. Citizens
www.nytimes.com

PS: rain pants = #climatetech
Today I’m recommending that NYC’s pension fund boards drop BlackRock and 2 other (out of 49) public markets asset managers due to inadequate decarbonization plans.

Climate risk is financial risk – we need asset managers who will invest responsibly.🧵
www.bloomberg.com/news/article...
NYC’s Lander Recommends Dropping $42 Billion BlackRock Mandate
New York City Comptroller Brad Lander is urging three of the city’s pension funds to drop BlackRock Inc. because of “inadequate” climate plans, the latest move to penalize investment firms for failing...
www.bloomberg.com

Little beats the solitude of a rainy ride down the Hudson Greenway. Nary a soul down half the length of Manhattan. 🚲🌕

💡🔌🥊

This tale, of course, is also one of the main reasons why there are indeed costs to 'costless' climate mitigation options

gwagner.com/costless
The costs of “costless” climate mitigation
by Matthew J. Kotchen, James A. Rising, and Gernot Wagner
gwagner.com

This is your reminder to start researching heat pumps when that gas furnace is still fine and dandy.

And yes, IKEA by now sells heat pumps www.ikea.com/es/en/energy...

There really is no excuse.

The heat pump takes 4 weeks to install (best case).

(Narrator: It never just takes 4 weeks.)

The heat pump has the potential to get to -100%.

(Yes, that assuming a decarbonized grid, which is outside your immediate purview.¹)

¹ That decarbonization, too, is happening faster than most think business.columbia.edu/insights/climate/solar

Cool.

But you've just locked in 40 more years of gas.

The contractor shows up within a couple of hours and tells you that you can have it nice and warm again tonight.

He has a gas furnace in his truck parked right outside. Oh, and it's 40% more efficient than your ancient one.

Your 40-year-old gas furnace stops working on the coldest day of the year.

(Narrator: it always happens on the coldest day of the year.)

Perfectly dialed-in espresso 😍

maps.app.goo.gl/cipGfNGaq58fszj66

200 years to flatten the curve, less than 1 year of Trumpian nihilism to let 'er rip again
Shameless plug:

For a year, I've been working on a series about the vast systems that underlie our lives. Built up over decades, these systems are the cathedrals of our time--but all too few of us know about them, and they're all at risk. Here's the latest:
Two Hundred Years to Flatten the Curve
How generations of meddlesome public health campaigns changed everyday life — and made life twice as long as it used to be
www.thenewatlantis.com

Reposted by Gernot Wagner

Shameless plug:

For a year, I've been working on a series about the vast systems that underlie our lives. Built up over decades, these systems are the cathedrals of our time--but all too few of us know about them, and they're all at risk. Here's the latest:
Two Hundred Years to Flatten the Curve
How generations of meddlesome public health campaigns changed everyday life — and made life twice as long as it used to be
www.thenewatlantis.com

Dictionary Day has arrived at our home 😎