EDF Economics Advisory Council

Joseph Aldy

Harvard Kennedy School

Joe Aldy is the Teresa and John Heinz Professor of the Practice of Environmental Policy at the John F. Kennedy School of Government at Harvard University, a University Fellow at Resources for the Future, a Faculty Research Fellow at the National Bureau of Economic Research, and a Senior Adviser at the Center for Strategic and International Studies. He is also the Faculty Chair for the Regulatory Policy Program at the Mossavar-Rahmani Center for Business and Government. His research focuses on climate change policy, energy policy, and regulatory policy. In 2009-2010, Aldy served as the Special Assistant to the President for Energy and Environment, reporting through both the National Economic Council and the Office of Energy and Climate Change at the White House. Aldy was a Fellow at Resources for the Future from 2005 to 2008 and served on the staff of the President's Council of Economic Advisers from 1997 to 2000. He also served as the Co-Director of the Harvard Project on International Climate Agreements, Co-Director of the International Energy Workshop, and Treasurer for the Association of Environmental and Resource Economists before joining the Obama Administration. He holds a PhD in economics from Harvard University, a Master of Environmental Management degree from the Nicholas School of the Environment, and a BA from Duke University.

Spencer Banzhaf

North Carolina State University

Spencer Banzhaf is a Professor in the Dept. of Agricultural and Resource Economics at North Carolina State University and the director of the Center for Environmental and Resource Economic Policy. He specializes in estimating household's values for non-market goods such as environmental quality. In related work, he has suggested ways to measure and construct indexes of ecosystem services. Two themes in Banzhaf's work are the distributional welfare effects of environmental policies and the interactions among local environmental amenities, local real estate markets, and the demographic composition and structure of cities. In particular, he has studied the way these social mechanisms interact to drive the correlations between pollution and poor households, as described by the “Environmental Justice” movement. More recently, he has focused on the bounds we can place on valuing environmental quality under minimal modeling assumptions. He also studies the history of environmental economics and policy.

Simone Borghesi

European University Institute

Simone Borghesi is Director of the Florence School of Regulation – Climate at the European University Institute (EUI), President of the European Association of Environmental and Resource Economists and Secretary General of its Policy Outreach Committee, and Full Professor of Economics and Deputy Rector for International Relations at the University of Siena. He has been President of the Italian Association of Environmental and Resource Economists (2018-19). He received a M.Sc. at University College London (1996) and a Ph.D. at the European University Institute (2001). He worked at the International Monetary Fund (1998) and FEEM Milan (1999). He was visiting scholar at INRA (2013), University of Cambridge (2015), ETH Zurich (2016). He has directed several LIFE projects on Emissions Trading (SIDE, DICET, COASE) and the EUI unit in past and forthcoming Horizon projects (e.g. Innopath, Capable, Spes). He is member of the WCEREA – World Council of Environmental and Resource Economists Associations, CRM Academic Advisory Council, Brookings Institution (Washington D.C.) and of CEPR – Research and Policy Network on Climate Change. His main research areas are emissions trading, European climate policies, globalisation and sustainable development, economic growth and environmental degradation, evolutionary game models.

Jing Cao

Tsinghua University

Associate Professor for the Department of Economics, School of Economics and Management, Tsinghua University. She received her B.S. in Geology and B.A. in Economics from Peking University in 1998, M.S. in Environmental Sciences from Peking University in 2001, Ph.D. in Public Policy from Harvard University in 2007. Her research interests include Environmental and Energy Economics, such as environmental tax reform, economic instrument for mitigating climate change, computable general equilibrium (CGE) modeling, and green productivity. Her research projects include Chinese National Science Function Project, Social Science Funding from Department of Education, IDRC-EEPSEA project, Environmental for Development (EFD) project, Tsinghua Self-Research Project, Tsinghua-K.U. Leuven research collaboration project and Tsinghua Low-carbon economic institute project. Her papers have been published in Management Science, Journal of the Association of Environmental and Resource Economists (JAERE), Energy Economics, Energy Journal, Review of Environmental Economics and Policy, and Chinese journals such as Economic Research, Financial Research. She is currently an Associate editor for Environmental and Development Economics. She received McKinsey China Economics Award in 2011, Gregory Chow Best Paper Award in 2005 and East Asian Economic Association Best Paper Award in 2004.

Danae Hernandez-Cortes

Arizona State University

Danae Hernandez-Cortes is an Assistant Professor at the School of Sustainability and the School for the Future of Innovation in Society in Arizona State University and a Research Affiliate at emLab in the University of California, Santa Barbara. Her research studies the distributional consequences of environmental policy and environmental justice. Her work uses applied causal inference methods with remote sensing techniques and atmospheric transport models to analyze the environmental justice consequences of environmental policy. Before joining ASU, she obtained her Ph.D. in Economics with an emphasis on environmental science at the University of California, Santa Barbara.

Nada Eissa

Georgetown University

Nada Eissa is Associate Professor of Public Policy and Economics, and Research Associate at the National Bureau of Economic Research (NBER). From 2005-2007, she served as Deputy Assistant Secretary of the Treasury for Economic Policy. Professor Eissa’s research examines how tax and transfer policy affects work and family formation decisions, and in turn what these behavioral responses imply for how programs should be designed. Her current research has expanded into education; including evaluating the Washington D.C. Scholarship Program, the first federally-funded school-voucher program in the United States; and the impact of school choice on academic performance in public schools. Professor Eissa is a recipient of the National Tax Association’s Outstanding Doctoral Dissertation in Government Finance and Taxation (1995). She is also a member of the National Academy of Social Insurance

Meredith Fowlie

UC Berkeley

Meredith Fowlie holds the Class of 1935 Endowed Chair in Energy at UC Berkeley. She is an Associate Professor in the Agriculture and Resource Economics department, faculty co-director at the Energy Institute at Haas, an affiliated faculty of the Energy and Resources Group, and Research Associate at the National Bureau of Economic Research in the Energy and Environmental Economics group. Fowlie has worked extensively on the economics of energy markets and the environment. Her research investigates real-world applications of market-based environmental regulations, the economics of energy efficiency, the demand-side of energy markets, energy use in emerging economies. Her work has appeared in the American Economic Review, the Journal of Political Economy, Quarterly Journal of Economics, the Review of Economics and Statistics, and other academic journals

Rashid Hassan

University of Pretoria

Rashid Mekki Hassan is Secretary General of the Higher Council for Environment and Natural Resources of the Government of Sudan and Professor Emeritus at the University of Pretoria. Formerly the Founding Director at the Centre for Environmental Economics and Policy in Africa (CEEPA) at the University of Pretoria. Hassan’s research focus is on natural resource and environmental economics, and optimization and modelling of economic systems. Hassan is an international member of the National Academy of Sciences (NAS) of the USA, and Fellow of the World Academy of Sciences (TWAS), the African Academy of Sciences, the Academy of Sciences of SA. Hassan has served as a member of several international, South African national boards, and science councils spanning food security and climate change, development policy (UN committee), and ecosystems. Hassan has contributed to informing key global environmental and development initiatives and processes, particularly in advancing the sustainable development agenda.

Catherine L. Kling

Cornell University

Catherine is a Tisch University Professor in the Dyson School of Applied Economics and Management and Faculty Director at the Atkinson Center for a Sustainable Future at Cornell University. She is past Director of the Center for Agricultural and Rural Development at Iowa State University where she also held the President's Chair in Environmental Economics. She was elected to the National Academy of Sciences in 2015. Kling has published nearly 100 refereed journal articles and books chapters which have received over 8000 (google scholar) citations and is the editor of the Review of Environmental Economics and Policy. She specializes in the economic valuation of ecosystem services and integrated assessment modeling for water quality modeling.

Michael Livermore

University of Virginia

Edward F. Howrey Professor of Law at the University of Virginia and the director of the Program in Law, Communities, and the Environment (PLACE). His research focuses on environmental law, cost-benefit analysis and the application of data science techniques to legal texts. He is the author of dozens of academic works, which have appeared in top law journals as well as peer-reviewed legal, scientific, and social science journals. He frequently collaborates on interdisciplinary projects with researchers in other academic fields, including economics, computer science, neurology and the humanities. Prior to joining the faculty, Livermore was the founding executive director of the Institute for Policy Integrity at New York University School of Law, a think tank dedicated to improving the quality of government decision-making.

Lala Ma

University of Kentucky

Lala Ma is an Associate Professor of Economics in the Gatton College of Business and Economics at the University of Kentucky. She received her Ph.D. in Economics from Duke University in 2014. Her primary research area within environmental economics focuses on non-market valuation, where she combines economic modeling with data to estimate the value of environmental services. Her work can be broadly categorized into three areas: valuation as revealed through housing markets (or “sorting” and “hedonic valuation”), valuation using direct impacts on health or environmental outcomes, and distributional and equity issues related to pollution exposure.

Frances C. Moore

UC Davis

Frances C. Moore is an Associate Professor in the Department of Environmental Science and Policy at the University of California Davis. She works at the intersection of climate science and economics using a mix of statistical, econometric, and computational modeling tools. Her research tackles the interrelationships between human wellbeing and the natural world, with a particular focus on the climate system and anthropogenic climate change. Between 2022-2023 she served as Senior Economist in the Council of Economic Advisers in the White House, covering clean energy, climate, and environmental issue areas. She is currently also holds the Hurlstone Presidential Chair and is a UC Davis Chancellor’s Fellow.

E. Somanathan

Indian Statistical Institute, Delhi

E. "Som" Somanathan received a Ph.D. in economics from Harvard in 1995 and taught at Emory University and the University of Michigan at Ann Arbor before joining the Indian Statistical Institute, Delhi. He is currently a Professor in the Planning Unit. His research interests include development economics, particularly environmental problems and political economy, and the evolution of norms and preferences. He has written on the challenges facing India’s poor related to climate change, as well as the devolving control of central Himalayan forests of India and its effects.

Maria Alejandra Velez

Universidad de los Andes – Colombia

Director of the Center for Studies on Security and Drugs (CESED), Associate professor at the Faculty of Economics, Universidad de los Andes, founding member of the Center for the Sustainable Development Goals for Latin America and the Caribbean (CODS) and senior research fellow at EfD initiative. She is an economist from Universidad de los Andes and Ph.D. in Economics of Natural Resources from the University of Massachusetts, Amherst. She was an Associate Professor in the area of Socio-Environmental Sustainability at the School of Management, Universidad de los Andes (2008-2019). Her research focuses on governance and institutional design for natural resource management in rural communities of the global south. She is currently studying the design of payment for environmental services programs, the impact of collective property in the Pacific Coast of Colombia and the dynamics and expansion of illicit crops in Colombia.

Senior Economic Advisors

Senior economic advisors are former Economics Advisory Council members who serve as valuable source of knowledge and wisdom for EDF Economics.

This is an honorary title given in recognition and thanks for the members' active participation and continuing strong interest in the work of the Economics team. Senior Economic Advisors provide resources and act as connectors between the academic community and EDF. The EDF Economics team stays in contact with Senior Economic Advisors for advice or connections related to specific projects.

• Dallas Burtraw
• Frank Convery
• Chris Costello
• Maureen Cropper
• Janet Currie
• Carolyn Fisher
• Michael Hanneman
• Geoffrey Heal
• Paul Joskow
• Bob Litterman
• Juan-Pablo Montero
• Richard Revesz
• Thomas Sterner

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