New Energy Series

Winter 2025 Talks

Wednesday, January 22nd, 12 - 1 PM
Sustainable Investing Strategies with Real Asset Trades
Felipe Verastegui-Grunewald, PhD Candidate, Columbia University

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Abstract: What strategy should sustainable investing funds adopt to reduce emissions without inducing firms to excessively engage in the reallocation of industrial pollution? In this talk, we address this question through a competitive equilibrium model. We show that the strategy choice critically determines the distribution of reallocation risk across the pool of productive assets. Our model predicts that complying with sustainable targets can affect downstream consumption markets, creating strategic complementarity or substitution in compliance decisions, depending on the mass of environmentally concerned investors. Financing frictions, then, lead to leakage trades: assets shift from compliant to non-compliant firms, with negative implications for clean technology adoption and welfare. Limiting only to conventional sustainable investment strategies - such as green screening - is suboptimal under worst-case scenarios of ex-post firm-investor matches in the presence of leakage buyers. Unconventional strategies, like reduction or investment screening, can effectively mitigate the reallocation of industrial pollution and induce a larger degree of clean technology adoption.

About Felipe Verastegui-Grunewald

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Felipe Verastegui-Grunewald

Felipe Verastegui-Grunewald is a third-year Ph.D. candidate in the Department of Industrial Engineering and Operations Research at Columbia University. His research centers on market design and optimization within power and energy systems, with a keen interest in financial markets. Currently, his work explores resource allocation, algorithmic pricing, and contract design under long-term climate risk, as well as financial intermediation amidst externalities. Felipe is also affiliated with the Center for Digital Finance and Technologies and was in the inaugural cohort of the Global Energy Fellows program at Columbia's Center on Global Energy Policy. Before joining Columbia, he held an adjunct faculty position at Pontificia Universidad Católica de Chile, served as a technology specialist in the Chilean Ministry of Energy, and co-designed and taught a course on Chilean Energy and Climate Policy at Stanford University. Felipe was awarded a Fulbright Scholarship and has collaborated closely with Independent System Operators (ISOs), governments, and trade associations, contributing to energy market design and the implementation of climate policy initiatives.

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Wednesday, February 19th, 12 - 1 PM
Participatory Research in Energy Justice
Laura Castro-Diaz, Assistant Professor, School for the Environment, University of Massachusetts Boston

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Abstract: This presentation examines the vital role of participatory research in promoting energy justice, asserting that participatory research frameworks and methods are crucial for closing the gap between theory and practice in tackling energy inequities. I showcase a case study from the Brazilian Amazon to demonstrate how participatory research reveals energy injustices and effectively addresses specific energy challenges. I will outline the key principles of participatory research in energy justice.

About Laura Castro-Diaz

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Laura Castro-Diaz

Laura Castro-Diaz is an assistant professor at the School for the Environment at UMass Boston. I conduct community-based research to address environmental injustices (Food, water, and energy). I employ diverse collaborative and community-based frameworks and methods to examine the implications and responses to water and energy injustices at different scales, from the individual to the global scale.

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Wednesday, March 3, 12 - 1 PM
Energy Capital, Discursive Power and the Shaping of Energy Futures
Megan Egler, Postdoctoral Fellow, Institute of Integrated Energy Systems, University of Victoria

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Abstract: Whether it's the Premier of Canada's oil country reviving a decades-old slogan to portray climate action akin to people 'freezing in the dark', or a solar developer leveraging the harmful legacies of coal mining in Appalachia to promote new solar projects, powerful narratives are being wielded to shape energy futures - and often in ways that reinforce existing power dynamics. Drawing on her research and experiences in historical fossil fuel producing regions across Canada and the US, Dr. Egler's talk will explore how energy capital exploits the people, histories, and landscapes of these regions to control narrative and define the terms of energy's future.

About Megan Egler


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Megan Egler

Megan Egler is a postdoctoral fellow in the School of Public Administration and the Institute for Integrated Energy Systems at the University of Victoria. Megan's research deals with the political economies and critical geographies of energy and extraction, with research focusing on the just design and implementation of energy and climate policies; the prefiguring potential of energy technologies and initiatives; and the cultural politics of fossil fuel regions. She has contributed research and consulted on programs and policies dealing with fossil fuel liabilities and major energy infrastructure and mining projects in Canada and the USA.

About the Series

New Energy: Conversations with Early-Career Energy Researchers is an online series featuring graduate, post-doctoral, and other early-career researchers sharing their discoveries and perspectives on energy-related topics. From policy to analysis to emerging technology, this series will give anyone interested in energy the opportunity to learn from the rising stars in the field. 

All events in this series take place via Zoom.