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UID:20260925T054539EDT-8676Jazaxa@132.216.98.100
DTSTAMP:20260925T094539Z
DESCRIPTION:Alberto Rossi\n\nGeorgetown University\n\nFighting Climate Chan
 ge with FinTech\n\nDate: Friday\, October 11\, 2024\n	Time: 10:30-11:45 am
 \n	Location: Bronfman Bldg. (1001 Sherbrooke St. West)\, Room 340\n\nAll ar
 e cordially invited to attend.\n\nAbstract:\n\nWe study the environmental 
 sustainability of individuals’ consumption choices using unique data from 
 a FinTech App that tracks users’ spending and emissions at the transaction
  level. Using a randomized encouragement design\, we show that individuals
  are likely to purchase carbon calculator services that provide them with 
 detailed transaction-level information about their emissions. However\, su
 ch a tool does not cause significant changes in their consumption and emis
 sions. On the other hand\, services that offset individuals’ emissions by 
 planting trees are less likely to be adopted but prove effective in reduci
 ng users’ net emissions. Survey evidence suggests that the ineffectiveness
  of the carbon calculator is not due to the way the information is compute
 d or delivered—users perceive the app’s information as easy to understand\
 , accurate\, new\, and accessible. Instead\, the lack of effectiveness lik
 ely stems from users not viewing climate change as more important than oth
 er socio-economic problems to alter their habits. The lack of adoption of 
 carbon offsetting is instead driven by limited attention and users’ desire
  to directly benefit from the externality associated with having trees pla
 nted in their country of origin. Our results show the challenges and oppor
 tunities associated with the tools promoting sustainable behavior that wer
 e initially confined to specialized FinTech Apps and are now becoming wide
 spread across large financial institutions.\n
DTSTART:20241011T143000Z
DTEND:20241011T154500Z
LOCATION:Room 340\, Bronfman Building\, CA\, QC\, Montreal\, H3A 1G5\, 1001
  rue Sherbrooke Ouest
SUMMARY:Desmarais Global Finance Research Centre (DGFRC) Seminar: Alberto R
 ossi
URL:https://www.mcgill.ca/desautels/channels/event/desmarais-global-finance
 -research-centre-dgfrc-seminar-alberto-rossi-360224
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