In this episode Paul Hünermund explains why the Nobel prize in Economics this year was given to the three researchers David Card, Joshua Angrist and Guido Imbens and what companies can learn from their research. We talk about how natural experiments sparked an empirical revolution and how machine learning can help us establish causal links to find the answer to everyday questions. Paul Hünermund is assistant professor of Strategy and Innovation at Copenhagen Business School. In his research he focuses on how firms can leverage new technologies in the space of machine learning and artificial intelligence for value creation and competitive advantage. In doing so he employs a wide variety of tools from econometrics, machine learning, and the field of causal inference.

In this episode, we are talking to Jos Cozijnsen, carbon specialist at the Carbon Neutral Group. Jos explains how knowledge from Game Theory and Mechanism Design can help reduce carbon emissions. He explains in detail the cap & trade system in Europe which makes carbon credits tradeable. This market has introduced CO2 reduction certificates which are issued for a project where additional CO2 reductions have been accomplished. Such carbon credit or CO2 reduction certificate can be used to compensate own emissions. At the time of the recording the Climate Change Conference (COP26) in Glasgow is happening which Jos also attends. Jos Cozijnsen is carbon specialist at the Carbon Neutral Group, he holds a Master in Law. Jos is supporting companies to lower their carbon footprint and their impact on the climate. He is well experienced in the carbon market and carbon pricing. He has recently published an article on this episode’s topic here: https://www.emissierechten.nl/column/six-tips-to-make-the-climate-summit-to-a-success/