iiinova — where your digital self keeps evolving

Bhavyaa Sharma @bhavyaas.bsky.social · 11/03/2025

I feel so proud to be a part of their academic journey. I have always believed that strong mentorship is indispensable to science and I hope I was able to relay what I learnt from my own mentors to me mentees. I know any school would be lucky to have these wonderful individuals💜

Bhavyaa Sharma @bhavyaas.bsky.social · 11/03/2025

The past 2 weeks have been unprecedentedly rough for me, probably one of the worst periods of my life. But today I found out that two brilliant high school students I mentored last summer as a part of the UCSC Science Internship Program have been getting college acceptances!! 🥳🥳

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Katharine Hayhoe @katharinehayhoe.com · 04/03/2025

Which US state has the most billion dollar weather and climate disasters? It’s not California and it’s not Florida - it’s Texas. As this article explains, the only state subject to more wildfires than Texas is California. Texas even leads California in acreage burned.

thecooldown.com

Experts sound alarm over 'ticking time bomb' that could rip through Texas: 'We're sitting here waiting for [it] to explode'

The only state subject to more wildfires than Texas is California.

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Bob Kopp @bobkopp.net · 27/02/2025

From Climatic Change editors Michael Oppenheimer and Gary Yohe: “it will not take long for an entire generation of young scientists who want to make a difference to decide that there is no future in studying the climate…. humanity cannot afford this interruption.”

link.springer.com

On supporting climate science while it is under attack - Climatic Change

Climatic Change -

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Katharine Hayhoe @katharinehayhoe.com · 31/12/2024

I'm currently building a starter pack on a critical topic: the role of finance in driving climate resilience, mitigation, and a circular economy. Investors, financial experts, development banks, researchers, innovators: who’s leading the charge in this space? Give me your top recommendations!

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Kristian Steensen Nielsen @kristiansn89.bsky.social · 19/12/2024

🎁 A little holiday treat 🎁 We have a new paper on climate action communication on #Twitter 🌍 We analyzed over 6.4 million tweets from 2021, including tweets from the general public and tweets from 'climate' scientists on @katharinehayhoe.com's "Scientists who do climate" list🧵 osf.io/preprints/os...

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Prof Lisa Schipper 🌍🍉💪 @lisaschipper.bsky.social · 11/11/2024

Brilliant starter pack on adaptation to climate change by @meadekrosby.bsky.social :) go.bsky.app/3G5Eono

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Bhavyaa Sharma @bhavyaas.bsky.social · 14/12/2024

Great points, especially 3. I got into C++ in high school and learning R or Python after undergrad was so much easier than learning Stata.

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Michael Bauer @michaeldbauer.bsky.social · 27/11/2024

🎈New Working Paper🎈with @ericoffner.bsky.social and @glennrudebusch.bsky.social Do higher interest rates hurt the green transition? Not so obvious! Evidence from equity markets in US and EU actually shows stronger effects of monetary policy on high-carbon, brown firms. #EconSky #Climate

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Anna Goeddeke @annagoeddeke.bsky.social · 21/11/2024

Hi #EconSky, Not sure if the Starter Pack party's over, but I've made an Econ Starter Pack of Starter Packs! 😄 It's a work in progress, so I may have missed some. Let me know if there's anything to add—DMs are open! Thanks for support @economista.bsky.social! docs.google.com/spreadsheets...

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Thank you for the kind words and all your support, Lee!

Finally, I am incredibly thankful to my advisor @galinah.bsky.social and my committee members, Brenda Samaniego de la Parra, Grace Gu, and Alonso Villacorta, as well as the amazing Econ department at @ucsc for their support!

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Research | Bhavyaa Sharma

And details on my other projects related to climate finance, climate adaptation, structural macroeconomics, and banking here: www.bhavyaasharma.com/research

bhavyaasharma.com

Bhavyaa Sharma (PhD Candidate) - Published Research and Working Papers

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Thank you, Ryan! Any thoughts you have as an oil and gas markets expert are welcome :)

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8/ 📢 What can help: Policies that reduce banks' costs of acquiring firm-level transition risk info (e.g. standardized climate disclosure frameworks & climate stress tests) can support decarbonization financing, even in periods of high financial stress.

7/ When the quality of the average borrower is low, the reliance on private info rises, leading to a decline in the interest rate differentials. This weakens the pricing of transition risks and challenges for financing of the green transition by keeping the cost of debt high for greener firms.

6/ Specialized banks gain an edge over non-specialized banks through lower costs of information acquisition, helping them price risks better. However, underreaction to public signals can narrow interest rate differentials between more and less exposed firms.

5/ Interpreting bank specialization as a source of heterogeneity in costs of private information acquisition, I develop a bank lending model with competitive lending, costly information acquisition, and underreaction to public signals about firms' transition risk to explain the empirical findings.

4/ I find that specialized banks, through their industry-specific expertise, can better price regulatory aspects of climate transition risk for EU based firms - but not post oil supply news shocks relevant for energy prices, suggesting underreaction by banks to energy market signals.

3/ Recent climate stress tests highlight significant information gaps banks face in assessing their transition risk exposure. These gaps arise from the lack of standardized disclosures and robust frameworks for estimating firms' emission and transition risk management.

2/ Risks from the green transition - like regulatory changes or technological shift - add uncertainty for lenders and borrowers. Yet, banks show limited adjustments in lending practices for high-emission sectors.

1/ 🌍 The transition to a low-carbon economy, while essential, brings financial uncertainties. Banks play a critical role in financing this green shift. But are they adequately pricing the risks tied to climate transition? I take an information-centric approach to answering this question.

Todd Jones @toddrjones.bsky.social · 18/11/2024

Hello #EconSky! I’m Bhavyaa Sharma, a Macro-Finance and Climate Finance #JMC from UC Santa Cruz. My research focuses on how financial institutions & households navigate climate risks amidst information frictions & behavioral biases. 🌐 Website: www.bhavyaasharma.com 🧵 on my JMP 👇 #EconJMP

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Quick econ tip: here's a list of over 100 economics conferences: docs.google.com/spreadsheets.... Curated by @anne-m-burton.bsky.social and @bartonwillage.com.

docs.google.com

Economics Conferences (Compiled by Anne M. Burton and Barton Willage)

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Ayesha Tandon @ayeshatandon.carbonbrief.org · 18/11/2024

I'm super excited to share @carbonbrief.org's new and improved attribution map! Use the map to explore 600+ extreme weather attribution studies from all around the world: buff.ly/3URzsmI And check out my in-depth Q&A on attribution for all you need to know about this evolving field: buff.ly/4hRt4Gc

buff.ly

Mapped: How climate change affects extreme weather around the world - Carbon Brief

Attribution studies calculate whether, and by how much, climate change affected the intensity, frequency or impact of extremes – Carbon Brief has mapped every published study on how climate change has...

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Bhavyaa Sharma @bhavyaas.bsky.social · 12/11/2024

Thanks for this, Chirag! Request to be added.

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Bhavyaa Sharma @bhavyaas.bsky.social · 12/11/2024

Thanks for this, Riley! I would like to be added please