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Most recently taught in Summer 2025

Disaster management is a continuum that is affected by decisions, investments and dynamics that occur before, during and after disasters. The issue of equity in disaster management is emerging from an abundance of evidence that shows that societal inequities often translate into inequitable outcomes and disproportionate impacts from disasters. Community engagement strategies are often touted as a solution to the inequities, but many aspects of community participation are complex, with additional effort and investments required for working with vulnerable and marginalized communities. Further, power dynamics between disaster experts and vulnerable communities may bias approaches to disaster management as well as representation within relevant power structures. This seminar is designed to provide an introduction to some of the variables that impact vulnerability and inequity in disaster management, ultimately leading to inequitable outcomes. It also provides an overview of current and emerging strategies in community engagement designed to foster a “whole of community” approach to disaster management.

This course is designed as an elective to the Climate and Society Master of Arts degree program. The purpose of this course is to prepare those entering the climate policy and practice workforce for addressing these challenges by providing an overview of issues of equity and building community partnerships in disaster management. At the end of this course learners will be able to:

  1. Describe social determinants of disaster vulnerability and resilience
  2. Describe how governance and financial structures can drive inequity in the disaster cycle
  3. Identify whole community approaches for disaster management
  4. Identify mechanisms to develop partnerships with underserved communities and emergent partners in disaster management
  5. Demonstrate the ability to develop strategies for disaster management based on best practices for community engagement and addressing equity concerns.

 This course is open to graduate students in the Climate and Society MA program as well as others in sustainability management or related programs with an interest in disaster management in the face of climate change.

Most recently taught in Fall 2024

As climate related disasters continue to grow, the impacts of climate change and sustainable development on disaster threats and vulnerabilities are increasingly pronounced. Many of those in the field of disaster management are having to contend with increasing frequency and severity of disasters. Concurrently, disaster risk reduction and response frameworks are struggling to meet the challenge of 21st century disasters. At the same time, the field of disaster research is generating new insights into how the built environment, social structures, and ecological dynamics are intersecting to set the stage for disaster vulnerability, and thus can be better engineered for resilience. As this field continues to evolve, many who many not necessarily identify as disaster managers are also increasingly involved in disaster management in some capacity. With this, the dynamics of disaster risk reduction and disaster management are essential in working with communities and negotiating development activities in ways that are inclusive of a broad range of values, goals and incentive structures.

This course is designed as an elective to the Climate and Society Master of Arts degree program. The purpose of this course is to prepare those entering the climate policy and practice workforce for addressing these challenges by providing an overview of the field of disaster management within the context of climate change and climate driven disasters. At the end of this course learners will be able to:

  1. Describe how climate change is impacting hazards and vulnerabilities to disasters
  2. Describe how domestic and international frameworks are evolving in the context of climate chance and disasters
  3. Apply insights from social, physical and behavioral sciences to climate change related disaster management strategies
  4. Demonstrate the ability to negotiate complex disaster resilience issues across competing interests
  5. Articulate value propositions for disaster and climate change resilience efforts to multiple stakeholders

This course is open to graduate students in the Climate and Society MA programs as well as others in sustainability management or related programs with an interest in disaster management in the face of climate change.

Most recently taught Spring 2025

Ensuring that food systems deliver food security and nutrition, fair livelihoods, and environmental sustainability is a grand challenge for governments and other food system actors, with many competing, contentious issues. Conflicts regarding land, technology, natural resources, subsidies, inequity, migration, and trade all play out in the food policy arena. Some argue that to effectively address all of the goals that food systems should achieve, they must be efficient, equitable, and sustainable. However, the political framing of how food systems are designed, function, and governed is determined by a complex set of networks of individuals and institutions with vested interests. This course is designed to introduce and guide students to:

  • Investigate the equity and ethical issues of food systems in policy and practice.
  • Deliberate critically about various conflicting views of who is vulnerable, marginalized, and disadvantaged across food systems, why, and the consequences of those inequities. 
  • Explore where there are inequities in accessing food and the implications of policies in achieving food security. 
  • Analyze the range of food policies and the political landscape of food in high-, middle-, and low-income countries that impact global food security, human nutrition, and broader aspects of health, food safety, economics, and the environment and climate.
  • Debate who is responsible for ensuring food systems are equitable and through which policy instruments.

The course borrows tools from food systems, political science, practical ethics, political philosophy, and theories of justice to illuminate these issues that determine our common future and the way we personally and socially relate to the food we grow and eat.

Most recently taught in Spring 2025

Food systems are a complex web of the activities and actors engaged in the production, processing, transport, retail, trade, consumption, and waste of food. Climate change and variability are and will continue to impact how food systems function, some due to the frequency and intensity of extreme events such as droughts, floods, cold spells, and other disrupting events. The way food systems are managed, in turn, instigates and perpetuates climate change and global environmental change. Increasing the resilience of food systems to a changing climate while decreasing greenhouse gas emissions and environmental degradation is vital for human welfare.   

This graduate-level course provides an overview of current and future anthropogenic climate change impacts on food systems and vice versa. The first few weeks of the course will ground students on concepts and dynamics of food systems and “systems thinking.” The next several weeks of classes will explore the relationship between climate change impacts across food systems and how the governance, management, and activities of food systems impact climate and environmental change. We will also explore mitigation and adaptation measures and solutions across food systems. In the last few classes, we will discuss the trade-offs in food systems transformations and possible pathways for the future. Throughout the course, we will undertake deep-dive case studies to provide local context to this complex relationship between climate change and food. 

Most recently taught in Spring 2025.

Climate change is the world’s most perfect public policy problem: it’s more global, more long-term, more uncertain, and more irreversible than most others. It stands alone in the combination of all four. That also turns it into the world’s most perfect global externality problem: the benefits of fossil-fuel use are internalized, the costs largely externalized. And while misguided market forces are the root cause of climate change, guiding them in the right direction is fundamental to the solution. In this course we explore the fast-changing global climate policy landscape shaping business. We explore the economic principles at work, analyze individual corporate and finance efforts to lead, dive into the regulatory environments around the world, and look to how the clean-energy race creates unique challenges and opportunities.

Full syllabus to be posted soon!

Climate risk is real. It is costly to the economy, society, and the world, as evidenced by high and ever-increasing Social Cost of Carbon (SCC) estimates. Most businesses and corporations, meanwhile, experience climate risk mostly indirectly, via policy, technology, and market risks. This class focuses on climate risks head on, exploring to which extent they also pose direct financial risks to business now and in the near future. Along the way, we will answer a number of questions, such as: If climate change is so costly, why does it not show up (more) in asset prices? If climate pollution is so bad, why is polluting so profitable? We will also dive into questions around insurability of physical assets like real estate, stress testing of financial assets, and corporate scenario planning. Lastly, we will discuss risk as opportunity for those relatively better able to take advantage of risks and uncertainties.

Most recently taught in Spring 2025.

Climate Tech refers to a broad range of technologies designed to mitigate the drivers and impacts of climate change. Development and commercialization of these technologies is essential if humanity is to maintain global prosperity while also avoiding catastrophic climate change. This immersion course provides students with the opportunity to work on a real-world technology to address climate change. 

Students will be placed in teams of four, composed of two CBS students and two SEAS students. Student teams will be matched with venture capital funds actively financing climate tech that have identified an innovative technology for mitigating or adapting to climate change. Students will meet virtually with their assigned venture fund at the beginning of the course, during a mid-point check-in, and at the end of the course for the final presentation. The funds will provide guidance on technologies, sectors, and approaches most likely to receive early-stage investments.

Each team will be tasked with assessing their assigned technology on (i) technical viability, (ii) commercial opportunity, (iii) impact on mitigating or adapting to climate change, and (iv) target companies for potential investment. The course deliverables are a presentation to the course professors and classmates, a presentation to each team’s assigned investment fund, and a written report to the investment fund. Students are also required to complete a reflections assignment at the conclusion of the course. During weeks 4 – 11, when you’re working with the venture capital fund, you will spend up to nine hours every week doing independent research, collaborating with the fund,  and completing assignments. 

The purpose of this immersion course is for students to learn to work in teams across different skill sets and disciplines, combining expertise in business and engineering, with the objective of learning how to evaluate technology solutions to climate change. This course is designed to replicate the real-world experience in which collaborative teams use a multi-disciplinary approach to assess the opportunities, challenges, and impacts of new technology solutions to climate change.

Most recently taught in Fall 2025.

Climate change represents one of the most profound challenges—and opportunities—of our time. Meeting the global goal of net-zero greenhouse gas emissions by 2050 will require a fundamental transformation of the global economy and the mobilization of trillions of dollars in capital. This unprecedented transition is reshaping risk and return across financial markets and creating a new frontier for investment.

This course explores the role of finance in accelerating climate solutions and managing climate-related risks. Building on the foundational concepts introduced in Business and Climate Change (B8705), the course examines key financial instruments, institutions, and strategies used to finance the transition to a low-carbon economy. Topics include:

  • Carbon Markets and Offsets: Understanding the mechanics, risks, and investment potential of carbon markets, emissions trading, and offsets.
  • Project Finance: Structuring the financing of renewable energy projects.
  • Development Finance: Understanding the unique challenges and solutions to financing infrastructure in developing economies.
  • Venture Capital and Growth Equity: Exploring how venture capital and private equity support the development of breakthrough climate technologies or “climate tech”.
  • Public Markets: Assessing investment approaches in public equities, including divestment, shareholder activism, and environmental, social, and governance (ESG) integration.
  • Debt Markets and Insurance: Investigating fixed income instruments, securitization, and the role of catastrophe bonds in climate risk management.
  • Adaptation Finance: Overcoming the challenge of financing climate change adaptation projects.
  • Financed Emissions: Evaluating how banks are aligning with net-zero commitments.

The course concludes with a discussion on career paths in climate finance and the evolving role of the financial sector in shaping a sustainable future.

The Center for Climate and Energy Solutions—or C2ES—forges practical and innovative solutions to address climate change and engages with leading businesses to accelerate climate progress. Founded in 1998 as the Pew Center on Global Climate Change, C2ES is known worldwide as a thought leader and trusted convener on climate change and energy. We consistently rank among the world’s leading environmental policy think tanks in the University of Pennsylvania Global Go To Think Tank Index.

Educator Resources – https://www.c2es.org/content/teacher-resources/

Most Asset Managers are evaluating how to incorporate Environmental, Social and Governance factors into their investment process. Applying ESG considerations raises the following questions:

How specifically is a company rated on ESG guidelines? Is there subjectivity in the process because of data limitations and assumptions made in data interpretation?

Does consideration of ESG factors improve investment performance?

For investors that emphasize ESG factors for non-financial reasons, how dothey measure the positive societal impact their portfolio is having?

Does an investor add more positive impact buying “good” companies, or focusingon “bad” companies and trying to change their behavior?

How does an Asset Manager use the power of the Proxy vote and CorporateEngagement to affect change in Environmental, Social and Governance policies?In this course we focus on how Asset Managers address these questions using a combination of lectures, case students and guest speakers. This course explores ESG issues faced by the Asset Manager. It does not address how a company manages its ESG risks and opportunities.The course has three main sections:

Building Blocks

Best Practices in Asset Management

Social Activism and the Future of ESG Investing

Corporate sustainability, or environmental governance by large private sector organizations, requires rethinking how firms operate in response to urgent climate and social challenges, and aligning business strategy with decarbonization, and balancing stakeholder expectations with long-term value creation. The rise in corporate sustainability presents the opportunity for firms to redefine their purpose, serving society rather than markets only. This course trains students to lead in corporate sustainability in terms of both the theory and applied practice, across several key areas: Energy efficiency, carbon target setting, decarbonizing energy consumption, stakeholder engagement and materiality assessment, financing sustainable goals, tracking and disclosing internal climate metrics, and calculating carbon footprint.

This includes setting carbon targets using the Science-Based Targets Initiative (SBTI) target setting tool; reading live building energy system analytics and understanding how inefficiencies are detected and remedied in real time; how to navigate different sources and forms of climate finance, including incentives, to defray the cost of achieving sustainability goals and environmental law compliance; using internal stakeholder engagement and materiality assessment from large firms to understand how effective stakeholder engagement and materially relevant impacts by firm operations are assessed; how tracking and disclosure of climate metrics to key repositories such as CDP is conducted to enable climate performance assessment; and how to calculate greenhouse gas emissions equivalences of large corporate activities and events. By integrating theory, data, and hands-on exercises, this course equips students with the skills needed to lead corporate sustainability efforts and meet the growing demand for climate accountability in business.

This course addresses America’s persistent, deep divides and the vitality that has allowed it over time to transcend those divides and reshape itself. E Pluribus Unum – Out of many, one – served as the country’s aspirational motto from its inception, yet we are a nation of differences. USA Lab aims to highlight the economic, cultural, social and geographic factors that define the American experience. In this hands-on lab you will contribute to community success through specific projects.

 

At the same time, your project work will animate the larger ideas we discuss in class, ideas that have informed and shaped this social experiment throughout its history: the idea of a community acting on a shared notion of the common good; the idea of individual liberty as an organizing and defining principle; and the idea that conflicting values can be reconciled. USA Lab projects enable you to anchor these ideas in American communities and see how they are reflected in the experience of people living and working in cities, towns and rural regions across the United States. Through the projects you also have the opportunity to make a difference in people’s lives

Investigates sustainable development, taking a broad view to include not only a healthy economic base, but also a sound environment, stable and rewarding employment, adequate purchasing power and earning capacity, distributional equity, national self-reliance, and maintenance of cultural integrity.

Explores national, multinational, and international political and legal mechanisms to further sustainable development through transformation of the industrial state. Addresses the importance of technological innovation and the financial crisis of 2008 and the emergence of the Covid-19 pandemic, Russia’s invasion of Ukraine, and inflation, as well as governmental interventions to reduce inequality.

Analyzes federal and state regulation of air and water pollution, hazardous waste, greenhouse gas emissions, and production/use of toxic chemicals. Analyzes pollution/climate change as economic problems and failure of markets. Explores the role of science and economics in legal decisions.

Emphasizes use of legal mechanisms and alternative approaches (i.e., economic incentives, voluntary approaches) to control pollution and encourage chemical accident and pollution prevention. Focuses on major federal legislation, underlying administrative system, and common law in analyzing environmental policy, economic consequences, and role of the courts.

Discusses classical pollutants and toxic industrial chemicals, greenhouse gas emissions, community right-to-know, and environmental justice. Develops basic legal skills: how to read/understand cases, regulations, and statutes. Students taking graduate version explore the subject in greater depth.

15.270/“Ethical Practice: Leading Through Professionalism, Social Responsibility, and System Design” introduces seminar participants to aspects of ethics in business, with a focus on general management. Over 12 sessions, students explore both the philosophy driving business ethics and the daily challenges that managers face; they also engage on the subject with guest faculty and business and other professional practitioners. Individual sessions take the form of moderated discussion, with occasional short lectures from the instructor.

“Ethical Practice” walks participants through three ever-wider circles of ethical complexity: 1) individual, professional commitments; 2) the rights and responsibilities of corporations; and 3) the social, ethical underpinnings of business as an activity. We seek to define terms central to each of these circles, culminating in a brief historical assessment of business and capital today.

This advanced climate change seminar will explore pathways to a low-greenhouse gas (GHG) emissions future with an emphasis on the policy frameworks required to establish a just transition to a clean energy economy — as well as the business, industry, and societal transformations that will be needed to respond successfully to climate change. Each session will introduce students to critical topics including: theories of change, climate change policy frameworks (at the global, national, state/provincial, and local levels), technology challenges and opportunities, incentives to spur innovation, finance strategies for nations in both the Global North and Global South, the role of private capital and sustainability-minded investors, climate justice and equity considerations, and potential points of policy leverage to drive transformative change. Students will be asked to think critically about the obstacles to deep decarbonization and the trade-offs across social objectives that might complicate the mobilization of society in response to the climate change challenge.

Global challenges such as urbanization, food security, water crises, inequality, natural resource degradation, and climate change increasingly present material risks to corporations. Yet these same trends can create profitable opportunities for companies if innovation is harnessed to create products and business models that provide solutions for growing global markets.

In the course, we will examine how businesses assess their risks and opportunities, and how they develop strategies to promote more sustainable practices. (Formerly called “Sustainable Business Strategy”)

“Sustainability” is a widely used and sometimes abused term by companies and entrepreneurs. In the business context, sustainability means not only “doing the same things better” but also “doing different things” and “doing them together with others”. While many companies have developed sustainability programs, improving operational efficiency, reducing carbon emissions, and minimizing waste, we are witnessing the implementation of non-systemic actions that do not contribute to developing a true sustainable strategy. For a company to be sustainable, it must effectively manage the competitive and seemingly divergent interests of all stakeholders: investors, employees, customers, governments, local communities, and the natural environment.

The goal of this course is to initiate a debate around the role and functioning of businesses in the face of the challenges and the opportunities provided by sustainability. Specifically, the course will first analyze the connections between sustainability and innovation as a means to translate sustainability strategies into improved financial performance. Additionally, the course will address the topic of measuring sustainability within different organizations.

The topic of corporate sustainability remains controversial. Some argue that sustainability is a property of whole systems, such as an ecosystem or the Earth as a whole, not of individual organizations. What, if anything, does it mean to say that a company is sustainable? Academic research on the topic of corporations and sustainability has seen rapid growth since the first Rio Earth Summit. This course will explore that body of knowledge, placing it within the larger context of environmental economics, and the economics of sustainability more broadly. The goals of the course are three-fold: (1) To give students a solid foundation in the economics of the environment and sustainability; (2) to apply economic fundamentals to crucial sustainability issues of climate change and energy policy; and (3) to examine critically the business case for sustainability, and the place of sustainability within corporate strategy.

Firms today face increasing pressure from activists, investors, and customers, to reduce the environmental impacts of their operations and supply chains as well as uphold basic human rights and labor standards for the people who produce the materials / components / products. At the same time, using a sustainability lens to look at its operations and supply chain, a firm can identify new opportunities for improving efficiency and innovations. Further sustainability (environmental / social) as an artifact has to combined with a discussion of responsibility. That is, how is responsibility (for ensuring sustainability) apportioned across the extended value chain that includes the end consumers? This course examines how to design and manage environmentally and socially responsible operations and supply chains.