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Artwork for Climate Economics

Climate Economics with Arvid Viaene

Arvid Viaene
Air Pollution
Climate Change
Social Cost Of Carbon
Agriculture
EU Emission Trading System
India
Environmental Economics
CO2 Emissions
Trade Policy
PM2.5
Particulate Pollution Market
Market-Based Solutions
Carbon Pricing
Clean Air Act
Clean Air Act Offset Markets
Climate Politics
Global South
China
Cap-and-Trade
Air Pollution Regulation

A research-focused podcast on the economics of climate change and air pollution. Episodes are released every two weeks on Tuesday at 6 am CET. Episodes will be either expert interviews or solo explorations of key issues. Hosted by Dr. Arvid Viaene, a climate economist with a PhD from the University of Chicago. He has done research on the impacts of climate change on agriculture and mortality. His... more

PublishesTwice monthlyEpisodes27Foundeda year ago
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Artwork for Climate Economics

Latest Episodes

The EU ETS is up for review again in 2026, but the debate is noisy: volatile permit prices, politically sensitive energy costs, and lots of claims about whether the system is being “weakened” or “strengthened.” 

If you listened to the two-part EU ET... more

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This is Part 2 of my conversation with Professor Edwin Woerdman on the EU ETS. In Part 1, we covered the core mechanics of cap-and-trade—and why “2039” is an arithmetic consequence of the linear reduction factor. 

In Part 2, we tackle the moving par... more

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The EU Emissions Trading System is back in the spotlight. Permit prices have moved, energy prices are politically sensitive, and in 2026 the ETS is up for review. But in the public debate, a lot of the confusion comes from the basics: what does the E... more

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Europe has pioneered carbon pricing through the EU ETS—and now through CBAM. But even the best-designed climate policy runs into a hard constraint: trade-offs are real, and public support can evaporate if the costs are hidden or moralized. 

In this ... more

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In this episode, I speak with Dr. Alec Brandon of Johns Hopkins Carey Business School about one of the most interesting questions in behavioural economics and climate policy: when do nudges actually persist?

A common example is the home energy repor... more

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In Part 2 of my conversation with Richard Tol, we move from model structure to policy use.

We discuss the social cost of carbon, how the Obama-era EPA worked with FUND, DICE, and PAGE, and why Tol thinks the process of understanding a model matters ... more

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In this episode, I speak with Richard Tol about the origins of the FUND integrated assessment model and why its structure matters for climate economics.

We start with the basic question: what is an integrated assessment model actually for? From ther... more

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Voluntary carbon offsets are often discussed on the supply side—quality, additionality, adverse selection. In this episode, we go to the demand side: what do people actually pay for carbon mitigation when it shows up as a real choice at checkout? 

M... more

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Recent Guests

Dr. Matilde Bombardini
Professor of Business and Public Policy at UC Berkeley Haas
UC Berkeley
Episode: #14 Dr. Matilde Bombardini - U.S. Climate Politics
Reed Walker
Professor of Economics and Public Policy at UC Berkeley
University of California, Berkeley
Episode: # 13 Dr. Reed Walker – Estimating the Marginal Costs and Benefits of U.S. Air Pollution Regulations
Joseph Shapiro
Associate Professor of Economics at UC Berkeley and research associate at the National Bureau of Economic Research and the Energy Institute at Haas.
UC Berkeley
Episode: 12 Dr. Joseph Shapiro – Is Air Pollution Regulation in the U.S. Too Lenient? Evidence from over 40 Pollution Offset Markets
Professor Jos Delbeke
Former Director General for Climate Action at the European Commission and a key architect of the EU Emissions Trading System.
EIB Chair on Climate Policy in International Carbon Markets
Episode: #11 Dr. Jos Delbeke - The History of the EU ETS: Key Turning Points, Challenges and Policy Lessons
Christa Hasenkopf
Director of the Clean Air Institute at the Energy Policy Institute of Chicago
Energy Policy Institute
Episode: #10 - Best of Air Pollution Episodes - Impact, China's War on Pollution and India's innovative cap-and-trade approach - ft. Dr. Hasenkopf, Dr. Debb and Dr. Trimarchi
Kaushik Deb
Expert on environmental markets and climate policy
EPIC
Episode: #10 - Best of Air Pollution Episodes - Impact, China's War on Pollution and India's innovative cap-and-trade approach - ft. Dr. Hasenkopf, Dr. Debb and Dr. Trimarchi
Lorenzo Trimarchi
Professor focused on trade and environmental policy impacts
Episode: #10 - Best of Air Pollution Episodes - Impact, China's War on Pollution and India's innovative cap-and-trade approach - ft. Dr. Hasenkopf, Dr. Debb and Dr. Trimarchi
Marian Krüger
Co-founder and director of Remove, an organization that supports European, Indian, and African carbon removal startups.
Remove
Episode: #9 - Marian Krüger - Carbon Capture: Technologies, Competitiveness, and the Importance of Demand-side Policy
Dr. Kaushik Deb
Executive Director of EPIC India at the University of Chicago
University of Chicago
Episode: #7 - Dr. Kaushik Deb - The Power of Cap-and-Trade Markets in Emerging Economies: Evidence from India

Host

Dr. Arvid Viaene
Host of the show, climate economist with a PhD from the University of Chicago; research on climate impacts and policy; advisor to the European Commission.

Top Education Podcasts

Talking Points

Recent interactions between the hosts and their guests.

# 13 Dr. Reed Walker – Estimating the Marginal Costs and Benefits of U.S. Air Pollution Regulations
Q: How did people react to your findings when presenting the paper? Were they surprised?
Many found the results interesting; it provided a useful estimate of compliance costs on the margin and showed that despite past improvements, the benefits of further reductions remain strong.
# 13 Dr. Reed Walker – Estimating the Marginal Costs and Benefits of U.S. Air Pollution Regulations
Q: Can you elaborate on what you found in terms of the marginal costs compared to the marginal benefits of pollution reduction?
We find that in most markets, the marginal abatement cost is much lower than the marginal benefits of reducing pollution, suggesting that there is room for stricter regulation.
# 13 Dr. Reed Walker – Estimating the Marginal Costs and Benefits of U.S. Air Pollution Regulations
Q: Could you give us a quick summary of your paper and what you found in terms of results?
We specifically explore regulation efficiency in the U.S. and find that marginal costs of regulation are considerably lower than marginal benefits, indicating that regulation can be too lenient in most markets, with notable exceptions like Houston.
#8 - Dr Lorenzo Trimarchi - How the 2018 U.S.– China Trade War Increased Air Pollution and CO2 Emissions in China
Q: What were the main findings regarding the retaliatory tariffs from China to the US?
The retaliatory tariffs targeted agricultural products, which had no substantial impact on industrial emissions, contrasting with US tariffs that affected polluted industries.
#8 - Dr Lorenzo Trimarchi - How the 2018 U.S.– China Trade War Increased Air Pollution and CO2 Emissions in China
Q: Why there's a trade-off between growth and air pollution?
The tension between economic growth and environmental regulation leads politicians to prioritize growth during economic shocks, such as the trade war.

Audience Metrics

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Frequently Asked Questions About Climate Economics

What is Climate Economics about and what kind of topics does it cover?

This show focuses on the economics of climate change and air pollution, frequently hosting researchers and policy experts to unpack how markets, regulations, and innovation intersect with environmental outcomes. Across episodes, listeners get rigorous discussions of carbon pricing, emissions trading, pollution regulation, and the real-world effectiveness of policy tools, often grounded in empirical work and case studies from the U.S., Europe, and emerging economies. A notable signature is translating complex economic analyses into actionable takeaways for policymakers, business leaders, and researchers who need to understand how climate policies affect costs, competitiveness, and public health. The format blends hot-topic policy debates wit... more

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What guests have appeared on Climate Economics?

Recent guests on Climate Economics include:

1. Dr. Matilde Bombardini
2. Reed Walker
3. Joseph Shapiro
4. Professor Jos Delbeke
5. Christa Hasenkopf
6. Kaushik Deb
7. Lorenzo Trimarchi
8. Marian Krüger

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