Financing the Future: Will Markets and/or Government Lead the Way to Sustainability?
Finance plays a critical role in supporting energy, water, and infrastructure projects, but private markets allocate capital within a framework set by governments. How much are recent government actions shaping investment? How has the current economy affected activity? What sorts of policy or market changes could have the greatest impact on financing sustainable development? SOM alumni Bradley Abelow '89 and Stuart Staley '95 addressed key issues around financing the future in a webinar moderated by Yale SOM Professor Arthur Campbell.
Bradley Abelow ’89, Chief Operating Officer, MF Global Inc.
Bradley Abelow is Chief Operating Officer of MF Global Inc., a leading cash and derivatives broker. Prior to joining MF, Brad was a Founding Partner of NewWorld Capital Group, a private equity firm investing in businesses active in Environmental Opportunities. He was previously Chief of Staff to Jon Corzine, Governor of the State of New Jersey. Brad was also a Partner and Managing Director of The Goldman Sachs Group where he managed Goldman’s Operations Division. Brad joined Goldman Sachs in 1989 in the Investment Banking Division’s Corporate Finance Department. In 2005 he led the effort to create an Environmental Policy Framework for Goldman Sachs, which led to the creation of the Goldman Sachs Center for Environmental Markets. Brad serves as Chairman of the Environmental Protection Agency’s Environmental Finance Advisory Board. He is also a trustee of The Century Foundation and Just Vision.
Stuart Staley Yale SOM & FES '95, Managing Director & Head of Global Commodities, Citigroup
Stuart Staley is Managing Director, Head of Citi’s Global Commodities Group, and President of Citigroup Energy Inc. Based in London, he is responsible for Citi’s activities in physical and financial commodity products serving the firm’s global client base. Stuart joined Citi in May 2004 before which he spent 2 years with AEP Energy Services Ltd. in London where he served as CEO and was responsible for the company’s European generation, trading and marketing businesses. Prior to this role, Stuart spent 6 years with Enron where he held various positions in the company’s US electricity trading business before building Enron’s international coal and freight trading business out of London.
Arthur Campbell Assistant Professor of Economics at Yale SOM
Arthur Campbell is Assistant Professor of Economics at SOM. His research interests include industrial organization, economic theory, and energy/environmental economics. His most recent work studies government policies for promoting long-term changes in the mix of technologies used to produce electricity. In particular this work focuses on the impact of the intermittent nature of renewable technologies, such as wind and solar power, on the effectiveness of various policy alternatives for addressing climate change.