Evidence to Action: Achieving the Net-Zero 2050 Targets

11th Annual JRCPPF Conference | February 24-25, 2022

Climate change has emerged as the defining issue of the twenty-first century, a root cause of social and economic upheavals that will affect multiple generations. In order to meet the 1.5°C (2.7°F) global warming target set by the Paris Agreement and minimize the impacts of climate change, carbon dioxide emissions have to reach net-zero by 2050 and total greenhouse gas emissions must reach net-zero in the 2060s. Transitioning to a carbon-neutral society in less than three decades means transformational changes in technology, behavior, and markets. Massive levels of investment and new financial instruments are required to deploy renewable energy at scale and develop new technologies for energy efficiency, carbon capture, and carbon storage. Smart policies and economic incentives are needed to shift consumer behavior and accelerate the switch away from fossil fuels.

What will it take for us to stabilize and reduce the concentration of carbon dioxide in Earth's atmosphere? How can we navigate this transition in a just manner that addresses the needs of workers in carbon-intensive sectors and the most vulnerable communities? This conference will bring together leading climate scientists, economists, and financial industry experts to explore the science behind the net-zero goals, optimal pathways to achieving the targets, the political and behavioral constraints, and the role of markets.

Co-sponsored by the Center for Policy Research on Energy and Environment, the Andlinger Center for Energy and the Environment, and the High Meadows Environmental Institute.

Videos, slides, papers (Evidence to Action)

Session 1: Why Net-Zero 2050?

Opening Remarks: Atif Mian, John H. Laporte, Jr. Class of 1967 Professor of Economics, Public Policy & Finance; Director, Julis Rabinowitz Center for Public Policy & Finance, Princeton University

Session 1: Why Net-Zero 2050?

Moderator: Michael Oppenheimer, Albert G. Milbank Professor of Geosciences and International Affairs and the High Meadows Environmental Institute; Director of the Center for Policy Research on Energy and the Environment (C-PREE), Princeton University

Panelists:

  • Zelina Zaiton Ibrahim, Associate Professor of Environmental Management and Statistics, IPCC and University Putra (Malaysia) | SLIDES
  • Kristie Ebi, Professor, Center for Health and the Global Environment, University of Washington | SLIDES
  • Detlef Van Vuuren, Professor in Integrated Assessment of Global Environmental Change, Utrecht University; Senior Researcher, PBL Netherlands Environmental Assessment Agency | SLIDES
  • Leon Clarke, Research Professor; Acting Director of the Center for Global Sustainability, University of Maryland | SLIDES

Video: Session 1

https://youtu.be/tESGExKgrSI
KEYNOTE: Embracing Net-Zero Ambition

Barbara Buchner, Global Managing Director; Executive Director for Climate Finance, Climate Policy Initiative | SLIDES
Moderator: Chris Greig, Senior Research Scholar, Andlinger Center for Energy and the Environment, Princeton University

Video: Keynote Barbara Buchner

https://youtu.be/QfkDW0fhefY
Session 2: How do we reach the 2050 targets?

Moderator: Simon Levin, James S. McDonnell Distinguished University Professor in Ecology and Evolutionary Biology, Princeton University

Panelists:

  • Jesse Jenkins, Assistant Professor of Mechanical and Aerospace Engineering and the Andlinger Center for Energy and the Environment, Princeton University
  • Ilissa Ocko *13, Senior Climate Specialist, Environmental Defense Fund | SLIDES
  • Jessika Trancik, Professor at the Institute for Data, Systems, and Society, MIT | SLIDES
  • Gunnar Luderer, Professor of Global Energy Systems Analysis, Potsdam Institute for Climate Impact Research | SLIDES

Video: Session 2

https://youtu.be/e8kZhtMIEso
Session 3: How can we shift politics, behaviors and attitudes?

Moderator: Elke Weber, Gerhard R. Andlinger Professor of Energy & the Environment, Professor of Psychology and Public Affairs, Princeton University

Panelists:

  • Connie Hedegaard, (former) EU Commissioner for Climate
  • Sara Kapnick ’04, Managing Director, Senior Climate Scientist & Sustainability Strategist, JP Morgan Chase & Co.
  • Felix Creutzig, Professor for Sustainability Economics of Human Settlements, Mercator Institute and Technical University Berlin | SLIDES

Video: Session 3

https://youtu.be/XI8XiVgaWWA
KEYNOTE: Managing Climate-Related Financial Risk

Patrick Bolton, Barbara and David Zalaznick Professor of Business, Columbia Business School | SLIDES
Moderator: Denise Mauzerall, Professor of Civil and Environmental Engineering and Public and International Affairs, Princeton University

Video: Keynote Patrick Bolton

https://youtu.be/t8eJdKuChmw
Session 4: What is the role for markets?

How can we leverage markets to achieve the Net-Zero 2050 targets?

Moderator: Atif Mian, John H. Laporte, Jr. Class of 1967 Professor of Economics, Public Policy & Finance; Director, Julis Rabinowitz Center for Public Policy & Finance, Princeton University

Panelists:

Video: Session 4

https://youtu.be/aUULSJlUlLs

Speakers

Speaker biographies

Leon Clarke

Leon Clarke, Research Professor; Acting Director of the Center for Global Sustainability, University of Maryland

Felix Creutzig, Professor for Sustainability Economics of Human Settlements, Mercator Institute and Technical University Berlin

Felix Creutzig, Professor for Sustainability Economics of Human Settlements, Mercator Institute and Technical University Berlin

Kristie Ebi, Professor, Center for Health and the Global Environment, University of Washington

Kristie Ebi, Professor, Center for Health and the Global Environment, University of Washington

Christian Gollier, Professor of Economics and Executive Director of the Toulouse School of Economics

Christian Gollier, Professor of Economics and Executive Director of the Toulouse School of Economics

Connie Hedegaard, (former) EU Commissioner for Climate

Connie Hedegaard, (former) EU Commissioner for Climate

Zelina Zaiton Ibrahim, Associate Professor of Environmental Management and Statistics, IPCC and University Putra

Zelina Zaiton Ibrahim, Associate Professor of Environmental Management and Statistics, IPCC and University Putra

Jesse Jenkins, Assistant Professor of Mechanical and Aerospace Engineering and the Andlinger Center for Energy and the Environment, Princeton University

Jesse Jenkins, Assistant Professor of Mechanical and Aerospace Engineering and the Andlinger Center for Energy and the Environment, Princeton University

Sarah Kapnick ’04, Managing Director, Senior Climate Scientist & Sustainability Strategist, JP Morgan Chase & Co.

Sarah Kapnick ’04, Managing Director, Senior Climate Scientist & Sustainability Strategist, JP Morgan Chase & Co.

Gunnar Luderer, Chair of Global Energy Systems, Technische Universität Berlin; Head, Energy Systems Research, PIK

Gunnar Luderer, Chair of Global Energy Systems, Technische Universität Berlin; Head, Energy Systems Research, PIK

Ilissa Ocko *13, Senior Climate Specialist, Environmental Defense Fund

Ilissa Ocko *13, Senior Climate Specialist, Environmental Defense Fund

Mar Reguant, Associate Professor of Economics, Northwestern University

Mar Reguant, Associate Professor of Economics, Northwestern University

Jessika Trancik, Professor at the Institute for Data, Systems, and Society, MIT

Jessika Trancik, Professor at the Institute for Data, Systems, and Society, MIT

Detlef Van Vuuren, Professor in Integrated Assessment of Global Environmental Change, Utrecht University; Senior Researcher, PBL Netherlands Environmental Assessment Agency

Detlef Van Vuuren, Professor in Integrated Assessment of Global Environmental Change, Utrecht University; Senior Researcher, PBL Netherlands Environmental Assessment Agency

Gernot Wagner, Clinical Associate Professor, New York University

Gernot Wagner, Clinical Associate Professor, New York University

Christopher Greig, Theodora D. ’78 and William H. Walton III ’74 Senior Research Scientist; Acting Associate Director for External Partnerships, Andlinger Center for Energy and the Environment

Christopher Greig, Senior Research Scientist, Andlinger Center for Energy and the Environment, Princeton University

Simon Levin, James S. McDonnell Distinguished University Professor in Ecology and Evolutionary Biology, Princeton University

Simon Levin, James S. McDonnell Distinguished University Professor in Ecology and Evolutionary Biology, Princeton University

Denise Mauzerall, Professor of Civil and Environmental Engineering and Public and International Affairs, Princeton University

Denise Mauzerall, Professor of Civil and Environmental Engineering and Public and International Affairs, Princeton University

Atif Mian, Professor of Economics, Public Policy and Finance, Princeton University

Atif Mian, Professor of Economics, Public Policy and Finance, Princeton University

Michael Oppenheimer, Albert G. Milbank Professor of Geosciences and International Affairs; Director of the Center for Policy Research on Energy and the Environment (C-PREE), Princeton University

Michael Oppenheimer, Albert G. Milbank Professor of Geosciences and International Affairs; Director of the Center for Policy Research on Energy and the Environment, Princeton University

 Elke Weber, Gerhard R. Andlinger Professor of Energy & the Environment, Professor of Psychology and Public Affairs, Princeton University

Elke Weber, Gerhard R. Andlinger Professor of Energy & the Environment, Professor of Psychology and Public Affairs, Princeton University

Evidence to action image

Keynotes

Patrick Bolton

Patrick Bolton, Barbara and David Zalaznick Professor of Business, Columbia Business School

Barbara Buchner, Global Managing Director; Executive Director for Climate Finance, Climate Policy Initiative

Barbara Buchner, Global Managing Director; Executive Director for Climate Finance, Climate Policy Initiative