Course open for PhD, Masters in Economics and MINT Students (no credit – voluntary course)

Outline

This workshop will provide students with an understanding of the economic theory and rationale behind setting prices to reflect external costs, as well as various techniques and methods used in pricing these externalities.

We will study some annual reports of big companies to understand how they implemented it. We will go into more detail on the pricing of carbon and nature capital, exploring methodology to effectively do so. We will explore, through concrete examples of environmental projects, how different prices could be set for different natural resources to maintain their ecological functions.

We will finally ask GIST Impact, a leading data and analyst provider which has been quantifying impact for more than 17 years, to guide us through their methodology.

By the end of this workshop, participants will have a deeper understanding of the economics as well as the evolving practice of pricing environmental externalities affects decision-making.

Beatrice Weder di Mauro

Beatrice Weder di Mauro joined the Institute in January 2019 as Professor of International Economics. She is President of CEPR, the leading European network of economists, and Research Professor and Distinguished Fellow at the Emerging Markets Institute of INSEAD. From 2001 to 2018 she held the Chair for International Macroeconomics at the Johannes Gutenberg University of Mainz. From 2004 to 2012 she was a member on the German Council of Economic Experts. Previously she had worked at the University of Basel and the International Monetary Fund and has held visiting positions at Harvard University, the National Bureau of Economic Research and the United Nations University in Tokyo. 

She has served as consultant to governments, international organizations and central banks (European Commission, International Monetary Fund, World Bank, European Central Bank, Deutsche Bundesbank, OECD, among others).  She is presently independent director on the board of Bombardier, UBS and Bosch and senior research fellow at the Asian Bureau of Finance and Economic Research (ABFER) in Singapore, a member of the ETH Foundation Council in Zurich and of the Bellagio Group. 

Her research interests are in international macroeconomics. She has published widely in leading academic journals, including the American Economic Review, Journal of International Economics, Brookings Papers on Economic Activity, Journal of Public Economics, Journal of Development Economics and Review of Finance. She writes regular op-eds and contributions to the public policy debate.

Fiona Frick

Fiona has more than 30 years of experience in the asset management industry, with over a decade as CEO of an asset management company. She has a high profile in both the finance industry and academia. She is a respected speaker on economics, financial markets, investment allocation, and the rise of sustainable finance. She has been recognized by the financial industry as one of the most influential women in European finance.

Fiona started her career as a fundamental analyst and then investment manager at Unigestion. In 1995, she led the development of the company’s equity activities, adopting a pioneering approach for managing equities based on the Minimum Variance anomaly. She was appointed CEO of the Company in 2011, and during this time, she successfully diversified Unigestion’s business into private equity and developed the Company’s recognised profile in sustainable finance. In 2023, after 32 years at Unigestion Fiona decided to step down from her executive role to pursue other interests close to her heart, such as consultant around investment allocation and sustainability as well as serving on boards. Fiona serves on the boards of the Swiss Sustainable Finance, Sustainable Finance Geneva.

Registration

Registration on a first-come-first-served basis. Please email patricia.arnold@graduateinstitute.ch

PLEASE NOTE THAT DUE TO HIGH DEMAND, THE SEMINAR IS NOW FULLY BOOKED.