What do you like most about your job?
The intellectual stimulation! I come across people with very different ideas about things - academic and otherwise. This constant stimulation gives me fresh perspectives, and is very rewarding.
Which project or research from the past year are you most proud of?
The joint project ‘Do Carbon Prices Affect Stock Prices’ with Patrick Bolton and Mirabelle Muuls ( both at Imperial College London). It examines how the EU Emissions Trading Scheme (ETS) has an impact on company valuation. We addressed some critical data and institutional issues. We found the effect of carbon prices on company valuation is strongly dependent on the amount of free carbon permits the EU gives to a company, relative to the company's emission levels. The carbon prices are what the company pays per tonne of emissions. We showed that the ETS is only effective regionally. What I like about this project is that it examines the interactions between climate regulation and financial markets. This is a central theme of my research agenda.
What don’t most colleagues know about you?
I am not a big fan of cucumbers.