The Yale Center for Business & the Environment (CBEY) has awarded grants to four Yale School of Management faculty members to support research on the environment. The grants are supported by the F.K. Weyerhaeuser Memorial Fund, which supports interdisciplinary faculty research at the intersection of business and the environment, and the Sobotka Collaborative Research Grant, which supports projects that faculty and students undertake together.
Todd Cort, lecturer in sustainability at Yale SOM and the Yale School of Forestry & Environmental Studies and co-director of CBEY, received a Sobotka grant along with EMBA student Logan Yonavjak SOM/FES ’16 and two other team members for research that explores the environmental impact of green bonds.
“There is a huge need to move capital toward more sustainable investments, and green bonds represent a potentially large opportunity for that movement,” Cort said. “Our work is critical to lower the hurdle for mainstream investors interested in green bonds. The CBEY/Sobotka grant is an important part in the work as it will allow us to convene thought leaders and practitioners here at Yale to discuss the current state of play and our proposed framework of a green bond standard.”
Judith Chevalier, William S. Beinecke Professor of Finance and Economics, and A. Mushfiq Mobarak, professor of economics, received a Weyerhaeuser grant for a project that researches ways to encourage toilet use among slum-dwellers in Kenya.
“The toilets provide a clean and safe alternative to open defecation, and the waste from the facilities is used to make organic fertilizer. The project represents an example of researchers working with an innovative social enterprise,” said Chevalier.
Mobarak received a second Weyerhaeuser grant for research that tackles over-fishing of the Pacific hake population.
“Pacific hake, which is a popular source of protein for low- and middle-income Chileans, is under threat,” he said. “We are collaborating with the Chilean National Marine Authority to develop an evidence-based, data-driven approach to most cost-effectively counter illegal fishing and protect the Chilean hake fish. We are deploying both an enforcement-based strategy and a consumer information campaign about the social costs of over-fishing, and implementing a large-scale randomized controlled trial to rigorously evaluate the relative effectiveness of each strategy.”
George Newman, assistant professor of management and marketing, received a Sobotka grant for research that examines whether using second-hand products is actually better for the environment.
Newman’s research seeks to answer a number of questions about when consumers use second-hand products, he said: “Do used products actually substitute for new? Are the durations of ownership comparable? And, does this apply to all types of products, or is it more likely to be true for some products (e.g., large appliances and electronics) than for others (e.g., apparel)?
“We are very grateful for the generous support of David Sobotka and the Sobotka research fund for interdisciplinary research in business and the environment,” Newman added.