Geoffrey M. Heal
Donald C. Waite III Professor of Social Enterprise
Economics
Bernstein Faculty Leader
Sanford C. Bernstein & Co. Center for Leadership and Ethics
BA, Cambridge University, 1966; MA, 1968; PhD, 1968
Joined CBS in 1983
Office:
582
Kravis
Phone:
212-854-6459
E-mail:
[email protected]
Fax:
212-854-7647
Personal Website
Curriculum Vitae
Biography
Geoffrey Heal, Donald C. Waite III Professor of Social Enterprise at Columbia Business School, is noted for contributions to economic theory and resource and environmental economics. He holds bachelors (first class), masters and doctoral degrees from Cambridge University, where he studied at Churchill College and taught at Christ’s College. He has also taught at Sussex, Essex, Yale, Stanford, École Polytechnique, Stockholm and Princeton. He holds an Honorary Doctorate from the Universite´ de Paris Dauphine.
Author of eighteen books and about two hundred articles, Professor Heal is a Fellow of the Econometric Society, past Managing Editor of the Review of Economic Studies, Past President of the Association of Environmental and Resource Economists, recipient of its prize for publications of enduring quality and a Life Fellow, recipient of the 2013 Best Publication Prize of the European Association of Environmental and Resource Economists, a Director of the Union of Concerned Scientists and a founder and Director and chairman of the Board of the Coalition for Rainforest Nations, developers of the REDD policy for reducing deforestation by awarding carbon credits for forest conservation. Recent books include Nature and the Marketplace, Valuing the Future, When Principles Pay and Whole Earth Economics (forthcoming).
Professor Heal chaired a committee of the National Academy of Sciences on valuing ecosystem services, was a Commissioner of the Pew Oceans Commission, was a coordinating lead author of the IPCC’s Fifth Assessment Report, was a member of President Sarkozy’s Commission on the Meaurement of Economic Performance and Social Progress, was a member of the advisory board for the World Bank’s 2010 World Development Report and the United Nations Environment Program’s 2011 Human Development Report, and acts as an advisor to the World Bank on its Green Growth project. He is also a Director of Public Business, a foundation that promotes in-depth public interest journalism and a member of the Advisory Board of Green Seal.
He has been a principal in two start-up companies, a consulting firm and a software and telecommunications company, and until recently was a member of the Investment Committee of a green private equity group. He teaches MBA courses on “Current Developments in Energy Markets,” “Business and Society: Doing Well by Doing Good?” and “The Business of Sustainability,” teaches a doctoral course on advanced microeconomic theory, and advises doctoral students interested in sustainability.
Teaching
Fall 2021
(PhD) Economic Analysis
(PHD)
(PhD) Economic Analysis II
(PHD)
Climate Change and the Energy Transition
(MBA)
Fall 2020
The Business Of Climate Change: Investing And Managing In A Changing Environment
(MBA)
(PhD) Economic Analysis
(PHD)
(PhD) Economic Analysis II
(PHD)
Spring 2019
Business in Society: Doing Well by Doing Good?
(MBA)
The Business Of Climate Change: Investing And Managing In A Changing Environment
(MBA)
Fall 2019
(PhD) Economic Analysis
(PHD)
(PhD) Economic Analysis II
(PHD)
Spring 2018
The Business Of Climate Change: Investing And Managing In A Changing Environment
(MBA)
Business in Society: Doing Well by Doing Good?
(MBA)
Fall 2018
New Developments in Energy Markets
(MBA)
(PhD) Economic Analysis
(PHD)
(PhD) Economic Analysis II
(PHD)
Columbia Caseworks cases
Green Bond Research Note
(2021)
Coauthor(s): Geoffrey Heal, Bruce Usher
ELP Greenport Solar
(2020)
Coauthor(s): Geoffrey Heal, Bruce Usher
Ørsted’s Offshore Wind Farms
(2020)
Coauthor(s): Geoffrey Heal, Bruce Usher
From Pioneer to Pariah: SunEdison, Inc., and the Global Solar Photovoltaics Industry
(2017)
Coauthor(s): Geoffrey M. Heal, Bruce Usher
Architects of the Future? Tesla, Inc., Energy, Transportation, and the Climate
(2020)
Coauthor(s): Geoffrey Heal, Bruce Usher
The Mossi Ghisolfi Group Monetizing Beta Renewables
(2013)
Coauthor(s): Geoffrey Heal
Parker Petroleum in Jumandia
(2007)
Coauthor(s): Geoffrey Heal
Citigroup and the Equator Principles
(2008)
Coauthor(s): Geoffrey Heal
Wireless Telecom Inc.
(2010)
Coauthor(s): Alessandro Citanna, Geoffrey Heal
Research
Journal articles
Reflections — What Would It Take to Reduce U.S. Greenhouse Gas Emissions 80 Percent by 2050?
In Review of Environmental Economics and Policy
(2017)
Coauthor(s): Geoffrey Heal
The role of subsidies in coordination games with interconnected risk
In Journal of Behavioral Decision Making
(2014)
Coauthor(s): Min Gong, Geoffrey Heal, David Krantz, Howard Kunreuther, Elke Weber
Social Reinforcement: Cascades, Entrapment and Tipping
In American Economic Journals: Microeconomics
(2010)
Coauthor(s): Geoffrey Heal, Howard Kunreuther
Corporate Social Responsibility? An Economic and Financial Framework
In Geneva Papers on Risk and Insurance: Issues and Practice
(2005)
Coauthor(s): Geoffrey Heal
Are We Consuming Too Much?
In Journal of Economic Perspectives
(2004)
Coauthor(s): Geoffrey Heal, Kenneth Arrow, Partha Dasgupta, Lawrence Goulder, Gretchen Daily, Paul Ehrlich, Simon Levin, Karl-Goran Maler, Stephen Schneider, David Starrett, Brian Walker
Books
Is Economic Growth Sustainable?
(2010)
Coauthor(s): Geoffrey Heal
When Principles Pay: Corporate Social Responsibility and the Bottom Line
(2008)
Coauthor(s): Geoffrey Heal
Environmental Markets: Equity and Efficiency
(2000)
Coauthor(s): Graciela Chichilnisky, Geoffrey Heal
Nature and the Marketplace: Capturing the Value of the Ecosystem
(2000)
Coauthor(s): Geoffrey Heal
Valuing the Future: Economic Theory and Sustainability
(1998)
Coauthor(s): Geoffrey Heal
Chapters
Tipping Climate Negotiations
In Climate Change and Common Sense: Essays in Honour of Tom Schelling
(2012)
Coauthor(s): Geoffrey Heal, Howard Kunreuther
What Have We Learned About Development Economics?
In Annual Bank Conference on Development Economics Papers and Proceedings 2010
(2010)
Coauthor(s): Geoffrey Heal
Corporate Environmentalism: Doing Well by Being Green
In Is Economic Growth Sustainable?
(2010)
Coauthor(s): Geoffrey Heal
Working papers
Ambiguity and Climate Policy
(2011)
Coauthor(s): Geoffrey Heal, Antony Milner, Simon Dietz
Facilitating Pareto-Optimal Coordination by Subsidies in Deterministic and Stochastic Payoff Settings
(2011)
Coauthor(s): Geoffrey Heal, Min Gong, Howard Kunreuther, David Krantz, Elke Weber
You Only Die Once: Managing Discrete Interdependent Risks
In NBER Working Paper No. 9885
(2003)
Coauthor(s): Geoffrey Heal, Howard Kunreuther
Uncertainty and Climate Change
(2002)
Coauthor(s): Geoffrey Heal
Climate Change and Uncertainty
(2002)
Coauthor(s): Geoffrey Heal, Bengt Kristrom
Bundling Public and Private Goods
(2001)
Coauthor(s): Geoffrey Heal
Ideas and Insights
Other
Interdependent Security: Implications for Homeland Security Policy and Other Areas
In Brookings Institute Policy Brief
(2002)
Coauthor(s): Howard Kunreuther, Geoffrey Heal, Peter Orszag
In The Media
Americans Stay Away from Great Outdoors Amid Rising Petrol Costs
Airfares Skyrocketed When Borders Re-Opened; How Long Will this Last?
Activists Crashed Exxon’s Board, but Forcing Change Will Be Hard
E-commerce Is on a Collision Course with Climate Change
Small Fashion Brands Battle the Costs of Brexit
Newspaper articles
In a networked world, no longer controlling our own destinies
In The Washington Post
(2010)
Coauthor(s): Geoffrey Heal, Howard Kunreuther
A Solution to Climate Change in the World's Rainforests
In Financial Times
(2005)
Coauthor(s): Geoffrey Heal, Kevin Conrad