Stanford University

Environment

FSI scholars approach their research on the environment from regulatory, economic and societal angles. The Center on Food Security and the Environment weighs the connection between climate change and agriculture; the impact of biofuel expansion on land and food supply; how to increase crop yields without expanding agricultural lands; and the trends in aquaculture. FSE’s research spans the globe – from the potential of smallholder irrigation to reduce hunger and improve development in sub-Saharan Africa to the devastation of drought on Iowa farms. David Lobell, a senior fellow at FSI and a recipient of a MacArthur “genius” grant, has looked at the impacts of increasing wheat and corn crops in Africa, South Asia, Mexico and the United States; and has studied the effects of extreme heat on the world’s staple crops.

A hazard analysis of federal permitting under the national environmental policy act of 1970

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The National Environmental Policy Act (NEPA) of 1970 requires federal agencies to assess the environmental impact of proposed federal actions. NEPA thus affects delivery of a wide range of infrastructure projects. NEPA requires the completion of an Environmental Impact Statement (EIS) for environmentally impactful federal actions. For infrastructure projects this can entail significant delays. A typical EIS now takes about four and one-half years and is over 600 pages long. Some EIS’s take over a decade to complete. We provide the first detailed analysis of project approval times under NEPA by examining 1269 EIS permitting processes. We analyze empirically the well-defined interval from Notice of Intent to file to Record of Decision (ROD). We use a Cox proportional hazard model to estimate the impact of several factors on EIS duration. Factors include permits featuring major construction, those including private investment, those for projects located in states with restrictive environmental laws, those using the federal permitting “dashboard,” and those publishing a Supplemental EIS prior to the ROD. We find that privately financed projects receive faster permitting, while projects involving major construction, those undertaken in restrictive states, and those utilizing the federal permitting dashboard, face slower permitting times. We also explore links between EIS page counts and permitting time. Greater EIS page counts are associated with longer permitting times. We conclude by examining EIS completion during economic stimulus programs such as the American Recovery and Reinvestment Act (ARRA), as well as the frequency of EIS completion by the federal government.

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Michael Bennon

Thinking Like a CEO: Navigating San Francisco's Start-Up and Technology Landscape

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A year ago, as I left the historic surroundings of Pennsylvania Avenue in Washington, D.C. to join the Ford Dorsey Master's in International Policy (MIP) at Stanford, one of my many objectives was to diversify my professional toolkit and improve my leadership skills. I have come to understand that the nature of many challenges today, particularly in the field of technology amid growing rates of global interconnection, innovation, and digitalization, requires much richer, diverse, and coordinated approaches. The leaders of today must strive to find fortitude in diversity and cooperation. 

In pursuing this objective, over the summer I interned for the Security and Intelligence Team at Duco Experts, a technology start-up headquartered in San Francisco. After five years of public service work, this represented a unique opportunity to learn the intricacies of entrepreneurship from the inside. 

Led by its inspiring CEO, Sidney Olinyk, and an elite team of young professionals, Duco works across the topics of artificial intelligence (AI), trust and safety, cybersecurity, elections, and geopolitical risk. Through its innovative advisory services, Duco supports a considerable pool of Fortune 100 companies, including some of the largest U.S. technology companies. 

The breadth of activities I carried out during my internship gave me exposure to the intersection of security and technology policy, as well as a deeper understanding of the complex decisions faced by corporate executives at major U.S. technology companies. 

I interned for the Security and Intelligence Team at Duco Experts, a technology start-up headquartered in San Francisco. After five years of public service work, this represented a unique opportunity to learn the intricacies of entrepreneurship from the inside.

In retrospect, there are three main lessons I learned during my time at Duco:

Finding Fortitude in Diversity and Cooperation

Report cover page: Scaling Trust on the Web

One of the first experiences I had at Duco was supporting an event with different allies and stakeholders from the technology community in San Francisco and D.C. to showcase the launch of the report, Scaling Trust on the Web. Duco Experts contributed to the Atlantic Council's Digital Forensic Research Lab (DFRLab) Task Force for a Trustworthy Future Web and this event allowed me to interact with experts in the field of Trust and Safety, connect with former MIP students now working in industry, and experience first-hand how coordinated and collaborative approaches can result in innovative solutions to issues as complex as the ones faced in the cyber domain. 

The report summarizes the task force's recommendations for specific, actionable interventions that could catalyze safer, more trustworthy online spaces. And most importantly, the report reinvigorates the rationale of cooperation in cyberspace, as it highlights, for example, the role of academia, media, and civil society to help build better online spaces. I am convinced that these recommendations will have a long-lasting effect and will serve as a guide for many actors globally. 

Mapping Technological Risk Worldwide

In my role supporting the Manager for Security and Intelligence at Duco, I had the opportunity to conduct research and produce alerts relevant to major U.S. technology companies. I analyzed the implications for such companies of China's revised Counter Espionage Law, mapped the data and privacy risks posed by fake web browser extensions and the shortcomings of automatic vetting processes, detailed the risks of internet censorship and restrictions in Russia, and investigated how marketing scammers target children online. Furthermore, I gained valuable insights into timely debates in the field of generative AI technologies and challenges faced by content moderation teams when tackling CSAM online. 

During my time on the Security and Intelligence Team, I had the opportunity to work in their cybersecurity portfolio, understand the logic of business development and vertical markets, and support the delivery of high quality projects for clients, a novel experience for me. The last project I supported allowed me to widen my knowledge of cybersecurity research centers worldwide and interact with consultants, academics, and former industry experts to address clients' needs. 

Thinking Like a CEO

One of the biggest lessons I learned during my internship, a mantra I will carry with me wherever I go, came from Duco's CEO herself, Sidney Olinyk, who constantly reminded us during team meetings to: "be adaptable, be comfortable with rejection, and always think like a CEO."

My time at Duco Experts showed me the importance of flexibility and adaptability, particularly when attempting to tackle challenges related to emerging technologies. From generative AI to developments in quantum computing, the ever-evolving innovation landscape requires professionals who can lead with flexibility, humanity, and who are not afraid to redirect efforts when necessary. 

As I seek to make my way into the field of technology policy and I continue my efforts to bring unrepresented voices to the forefront of technology-related debates across the Americas, my summer experience at Duco Experts has equipped me with a valuable understanding of the start-up ecosystem in San Francisco, as well as some of the most pressing areas of opportunity in the field of cybersecurity and emerging technologies. 

From generative AI to developments in quantum computing, the ever-evolving innovation landscape requires professionals who can lead with flexibility, humanity, and who are not afraid to redirect efforts when necessary.

My sincere gratitude to Sidney Olinyk, Neema Basri, Lauren LaBrique, Sofia Arimany and all the members of the Duco Experts team for sharing their knowledge and for leading with such humane and passionate effectiveness. 

The Ford Dorsey Master's in International Policy Class of 2024 at the Freeman Spogli Institute for International Studies.

Meet the MIP Class of 2024

The 2024 Class has arrived at Stanford eager to tackle policy challenges ranging from food security to cryptocurrency privacy.
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Raul Ruiz at Duco Internship
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Interning at Duco Experts, Raúl Ruiz-Solís (Master's in International Policy '24) gained an understanding of the start-up ecosystem in San Francisco, as well as some of the most pressing areas of opportunity in the field of cybersecurity and emerging technologies.

NEPA Litigation Over Large Energy and Transport Infrastructure Projects

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NEPA Litigation Over Large Energy and Transport Infrastructure Projects with Michael Bennon

Despite five decades of experience, there is a considerable gap in legal and empirical study on the impacts of the National Environmental Policy Act (NEPA). Proponents of reform often claim NEPA litigation is a major obstacle for federal actions; others have concluded that litigation is not a major contributor of project cost escalation or delays. This webinar reviews the NEPA process and a recent study of the incidence and conditions of infrastructure project litigation under NEPA, using a data set of 355 major transportation and energy infrastructure projects that completed a federal environmental study between 2010 and 2018. Energy sectors with greater private financing have shorter permit durations and higher rates of litigation and cancellation, but also higher completion rates relative to transport sectors, which have greater public financing and lower litigation rates but longer permit timelines.

DATE: September 29, 2023
TIME: 12:00 – 1:00 PM (eastern time) / 9:00 - 10:00 am (pacific time)
PRESENTER: Michael Bennon, Stanford University

This event is co-sponsored by the Build America Center and the Center on Democracy, Development and the Rule of Law.

Online via Zoom.

Michael Bennon

Encina Hall
616 Jane Stanford Way
Stanford, CA 94305-6055

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Research Scholar
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Michael Bennon is a Research Scholar at CDDRL for the Global Infrastructure Policy Research Initiative. Michael's research interests include infrastructure policy, project finance, public-private partnerships and institutional design in the infrastructure sector. Michael also teaches Global Project Finance to graduate students at Stanford. Prior to Stanford, Michael served as a Captain in the US Army and US Army Corps of Engineers for five years, leading Engineer units, managing projects, and planning for infrastructure development in the United States, Iraq, Afghanistan and Thailand. 

Program Manager, Global Infrastructure Policy Research Initiative
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Seminars

Interdisciplinary Perspectives on the Strength of Social Norms

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Michele Gelfand seminar

Over the past century, we have explored the solar system, split the atom, and wired the Earth, but somehow, despite all of our technical prowess, we have struggled to understand something far more important: our own cultural differences. Using a variety of methodologies, our research has uncovered is that many cultural differences reflect a simple, but often invisible distinction: The strength of social norms. Tight cultures have strong social norms and little tolerance for deviance, while loose cultures have weak social norms and are highly permissive. The tightness or looseness of social norms turns out to be a Rosetta Stone for human groups. It illuminates similar patterns of difference across nations, states, organizations, and social class, and the template also explains differences among traditional societies. It’s also a global fault line: conflicts we encounter can spring from the structural stress of tight-loose tension. By unmasking culture to reveal tight-loose dynamics, we can see fresh patterns in history, illuminate some of today’s most puzzling trends and events, and see our own behavior in a new light. At a time of intense political conflict and rapid social change, this template shows us that there is indeed a method to the madness, and that moderation – not tight or loose extremes – has never been more needed.

ABOUT THE SPEAKER


Michele Gelfand is the John H. Scully Professor of Cross-Cultural Management and Professor of Organizational Behavior at the Stanford Graduate School of Business School and Professor of Psychology by Courtesy. Gelfand uses field, experimental, computational and neuroscience methods to understand the evolution of culture and its multilevel consequences. Her work has been published in outlets such as Science, the Proceedings of the National Academy of Sciences, Psychological Science, Nature Human behavior, the Journal of Personality and Social Psychology, Journal of Applied Psychology, Academy of Management Journal, among others. Gelfand is the founding co-editor of the Advances in Culture and Psychology series (Oxford University Press). Her book Rule Makers, Rule Breakers: How Tight and Loose Cultures Wire the World was published by Scribner in 2018. She is the Past President of the International Association for Conflict Management and co-founder of the Society for the Study of Cultural Evolution. She received the 2016 Diener award from SPSP, the 2017 Outstanding International Psychologist Award from the American Psychological Association, the 2019 Outstanding Cultural Psychology Award from the Society for Personality and Social Psychology, the 2020 Rubin Theory-to-Practice award from the International Association of Conflict Management, the 2021 Contributions to Society award from the Academy of Management, and the Annaliese Research Award from the Humboldt Foundation. Gelfand was elected to the American Academy of Arts and Sciences, the National Academy of Sciences, and the Council on Foreign Relations.

Virtual to Public. Only those with an active Stanford ID with access to Encina E008 in Encina Hall may attend in person.

Hesham Sallam
Hesham Sallam

Virtual to Public. Only those with an active Stanford ID with access to Encina E008 in Encina Hall may attend in person.

Michele Gelfand

Stanford Graduate School of Business 
655 Knight Way 
Stanford, CA 94305 

650.497.4507
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John H. Scully Professor in Cross-Cultural Management and Professor of Organizational Behavior, Stanford GSB
Professor of Psychology (by courtesy), School of Humanities and Sciences
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Michele Gelfand is a Professor of Organizational Behavior at the Stanford Graduate School of Business and Professor of Psychology by Courtesy at Stanford University. Gelfand uses field, experimental, computational, and neuroscience methods to understand the evolution of culture — as well as its multilevel consequences for human groups. Her work has been cited over 20,000 times and has been featured in the Washington Post, the New York Times, the Boston Globe, National Public Radio, Voice of America, Fox News, NBC News, ABC News, The Economist, De Standard, among other outlets.

Gelfand has published her work in many scientific outlets such as Science, the Proceedings of the National Academy of Sciences, Proceedings of the Royal Society B, Psychological Science, Nature Scientific Reports, PLOS 1, the Journal of Personality and Social Psychology, Organizational Behavior and Human Decision Processes, Academy of Management Review, Academy of Management Journal, Research in Organizational Behavior, Journal of Applied Psychology, Annual Review of Psychology, American Psychologist, Journal of Cross-Cultural Psychology, Current Opinion in Psychology, among others. She has received over 13 million dollars in research funding from the National Science Foundation, Department of Defense, and the FBI.

She is the author of Rule Makers, Rule Breakers: How Tight and Loose Cultures Wire the World (Scribner, 2018) and co-editor of the following books: Values, Political Action, and Change in the Middle East and the Arab Spring (Oxford University Press, 2017); The Handbook of Conflict and Conflict Management (Taylor & Francis, 2013); and The Handbook of Negotiation and Culture (2004, Stanford University Press). Additionally, she is the founding co-editor of the Advances in Culture and Psychology Annual Series and the Frontiers of Culture and Psychology series (Oxford University Press). She is the past President of the International Association for Conflict Management, past Division Chair of the Conflict Division of the Academy of Management, and past Treasurer of the International Association for Cross-Cultural Psychology. She has received several awards and honors, such as being elected to the National Academy of Sciences (2021) and the American Academy of Arts and Sciences (2019), the 2017 Outstanding International Psychologist Award from the American Psychological Association, the 2016 Diener Award from the Society for Personality and Social Psychology, and the Annaliese Research Award from the Alexander von Humboldt Foundation.

CDDRL Affiliated Faculty
Michele Gelfand
Seminars

Advancing Energy Security: APARC and Ban Ki-moon Foundation to Host Second Annual Trans-Pacific Sustainability Dialogue

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Noa Ronkin
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The Walter H. Shorenstein Asia-Pacific Research Center (APARC) at Stanford University and the Ban Ki-moon Foundation For a Better Future are pleased to announce the second annual Trans-Pacific Sustainability Dialogue (TPSD) in Seoul, Republic of Korea, set to take place on September 12-14, 2023. This convening, designed to accelerate progress on achieving the United Nations-adopted 2030 Agenda for Sustainable Development, will focus on energy security, the seventh of the Agenda’s underlying 17 Sustainable Development Goals (SDGs).

APARC and the Ban Ki-moon Foundation launched the dialogue initiative to spur new research and policy collaborations between experts from the United States and Asia to expedite the implementation of the SDGs by governments and non-state actors. This year’s event builds upon the success of the inaugural Tran-Pacific Sustainability Dialogue, held in Seoul in October 2022, and the continued momentum generated through its resultant regional convening, the Trans-Altai Sustainability Dialogue, which took place earlier this summer in Mongolia.  

The Korea Environment Institute, Korea Energy Economics Institute, Korea Environmental Industry & Technology Institute, K-water, and Ewha Womans University will co-host the second annual Trans-Pacific Sustainability Dialogue. The event’s supporters include the Ministry of Foreign Affairs of the Republic of Korea, the Graduate School of International Studies at Yonsei University, and the Asian Development Bank. Award-winning Korean actor and director Cha In-pyo has been named honorary ambassador of the TPSD. Mr. Cha will deliver remarks at the opening session of the dialogue. 

At the core of the 2023 TPSD is the pivotal theme of energy security, SDG7, which proposes to ensure access to affordable, reliable, and sustainable energy for all. The challenge of energy production, transportation, and security poses a critical barrier to a shared sustainable future. Despite ongoing progress toward sustainable energy targets on a global scale, recent data indicates that the pace of advancements is insufficient to meet the SDG7 targets by 2030 and varies significantly across different regions. The latest report from the SDG7 Indicator Custodian Agencies also finds that the policy measures required to tackle the global energy crisis, exacerbated by the war in Ukraine, continue to lag and that international public financial support for clean energy in low and middle-income countries has been declining since before the onset of the COVID-19 pandemic.

By extending a platform for leading experts to combine rigorous scientific research, policy analysis, and industry insights, I am confident in our ability to advance tangible solutions and real-world action to propel us forward in pursuit of a decarbonized world.
Gi-Wook Shin
Director, Shorenstein APARC

“Energy security is pivotal to the SDGs. Without securing clean energy, the climate crisis remains insurmountable. However, the clean energy future is under serious threat from the war in Ukraine sparked by Russia,” says Mr. Ban Ki-moon, the 8th Secretary-General of the United Nations. “In this regard, I expect the second annual Trans-Pacific Sustainability Dialogue to play an important role in convening world-renowned researchers, policymakers, and students to address energy security and advance clean energy technologies,” he adds.

In pursuit of genuine progress, the second annual TPSD will convene esteemed academics, government officials, industry experts, and leading professionals from Stanford University and across Asia. Together, they will interact in dynamic discussions that bridge multiple disciplines and climate science, exploring technological and policy solutions to expedite the transition toward a future free from fossil fuels and other unsustainable energy practices.

“As we approach the 2023 TPSD, we find ourselves at a crucial juncture, crossing the mid-point of the implementation of the UN 2030 Agenda for Sustainable Development with mixed results,” notes Gi-Wook Shin, the William J. Perry Professor of Contemporary Korea at Stanford and director of APARC. “By extending a platform for leading experts to combine rigorous scientific research, policy analysis, and industry insights, I am confident in our ability to advance tangible solutions and real-world action to propel us forward in pursuit of a decarbonized world.”

The first day of the dialogue, co-hosted by the Korea Environment Institute and the Korea Energy and Economics Institute, will convene at The Plaza Seoul. A World Leaders Session will kick off the event, headlined by Mr. Ban Ki-moon; Chairman of the State Great Hural (Parliament) of Mongolia Zandanshatar Gombojav; former U.S. Secretary of Energy and Nobel Prize Laureate in Physics, Stanford Professor Steven Chu; and Managing Director General of the Asian Development Bank Woochong Um. The following plenary sessions will examine the intersections of energy security, sustainability, and issues such as geopolitics, green technologies, and clean energy co-benefits.

The second day will be held at Ewha Womans University and hosted by Ewha’s Center for Climate/Environmental Change Prediction Research. The day’s discussion topics will include, among others, energy-efficient technologies and principles for energy security education. With the mission of empowering young leaders to drive the climate change and sustainable development agenda, the second day will offer opportunities for emerging scholars and young professionals to present their research and applied work in championing progress toward energy security.

The 2023 TPSD underscores APARC’s and the Ban Ki-moon Foundation's shared commitment to fostering ambitious action toward delivering the 2030 Agenda and its Sustainable Development Goals. APARC and our partners, co-hosts, and supporters warmly invite scholars, students, policy experts, and professionals to join us at the TPSD and get involved with our efforts to shape a sustainable and resilient future for the Asia-Pacific region and beyond.

Visit the 2023 TPSD page to register to attend the event in person and access the complete program agenda and list of speakers.

About the Walter H. Shorenstein Asia-Pacific Research Center
The Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) is Stanford University's esteemed institute dedicated to addressing critical issues impacting Asia and its relations with the United States. Through interdisciplinary research, education, and dialogue, APARC seeks to shape innovative policy solutions and enhance collaboration among countries in the Asia-Pacific region. For more information, visit aparc.stanford.edu.

About the Ban Ki-moon Foundation For a Better Future
The Ban Ki-moon Foundation For a Better Future upholds the legacy and vision of Ban Ki-moon, the 8th Secretary-General of the United Nations. Guided by the principles of unification, communication, co-existence, and dedication, the Foundation works tirelessly towards achieving peace, security, development, and human rights. Collaborating with international organizations and stakeholders, the Foundation actively supports the UN's Sustainable Development Goals and the 2050 carbon net-zero target set by the Paris Climate Accord. For more information, visit eng.bf4bf.or.kr.

Contact

For further information on the Trans-Pacific Sustainability Dialogue, contact Cheryll Alipio, Shorenstein APARC’s Associate Director for Program and Policy at calipio@stanford.edu.

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Participants from the Inaugural Trans-Pacific Sustainability Dialogue
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Inaugural Trans-Pacific Sustainability Dialogue Spotlights Climate Finance Mobilization and Green Innovation Strategies

Co-organized by Stanford’s Walter H. Shorenstein Asia-Pacific Research Center and the Ban Ki-moon Foundation for a Better Future, the inaugural Trans-Pacific Sustainability Dialogue brought together a new network of social science researchers, scientists, policymakers, and practitioners from Stanford University and across the Asia-Pacific region to accelerate action on the United Nations-adopted Sustainable Development Goals (SDGs).
Inaugural Trans-Pacific Sustainability Dialogue Spotlights Climate Finance Mobilization and Green Innovation Strategies
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The second annual convening of the Trans-Pacific Sustainability Dialogue will gather social science researchers and scientists from Stanford University and across the Asia-Pacific region alongside young leaders, policymakers, and practitioners, to expedite energy security solutions, investment, and policy support. Held in Seoul, Republic of Korea, on September 12-14, 2023, the dialogue features award-winning actor and director Cha In-pyo as honorary ambassador.

A Conversation with Colombian President Gustavo Petro

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A Conversation with Colombian President Gustavo Petro

Environmental and Social Justice:
A Look from Latin America


The Center on Democracy, Development and the Rule of Law is honored to host the President of Colombia, Gustavo Petro Urrego.

The world today is facing unprecedented economic, social, and environmental dynamics. As the global community continues to navigate these changes and challenges, political leaders seek to articulate fresh visions on how countries may steer a clear course. President Petro will provide a perspective from Latin America on the critical issues of environmental and social justice.

Following the president’s remarks, he will join Professor Alberto Díaz-Cayeros, Senior Fellow at FSI and director of the Stanford Center for Latin American Studies, for a discussion on the challenges of climate change, economic growth, and social inclusion that have historically bedeviled development in Latin America.

IMPORTANT: Large bags are not permitted into the building. All bags are subject to be searched. Seating is not guaranteed and is available on a first-come first-served basis. Please plan accordingly.

The event will also be available to livestream below.

This event is co-sponsored by the Center on Democracy, Development and the Rule of Law, the Center for Latin American Studies, Stanford in Government, and the Stanford Society for Latin American Politics.

 

CDDRL, CLAS, SIG, and SSLAP logos

 

MEDIA CONTACT:
Nora Sulots, CDDRL Communications Manager

CEMEX Auditorium
Stanford Graduate School of Business
655 Knight Way, Stanford, CA 94305

SOLD OUT. Please tune into the livestream if you do not have a ticket. Only those registered may attend in person.

Panel Discussions
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Attribute-based Subsidies and Market Power: An Application to Electric Vehicles

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Electric cars charge in a parking structure
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This event is co-sponsored with the Doerr School of Sustainability.

Attribute-based subsidies are commonly used to promote the diffusion of energy-efficient products in industries with significant market power. But what can they reveal about China's electric car market? In a first-of-its-kind study, Shanjun Li and his team have developed a theoretical framework for optimal policy design that incorporates endogenous product attributes, environmental externalities, and market power in order to estimate an equilibrium model of China's vehicle market using comprehensive data to evaluate the welfare impacts of different subsidy designs. 

Their findings reveal that uniform subsidies are effective in promoting small and environmental-friendly vehicles, but exacerbate the quantity distortion from market power for high-quality products. In contrast, attribute-based subsidies (such as those based on the driving range or battery capacity) generate a larger consumer surplus by mitigating market power and improving product quality. Capacity-based subsidies are the most effective in inducing attributes valued by consumers and mitigating market power, and result in the largest welfare gain at a moderate loss of environmental benefit.

Taken together, Li will discuss how these findings highlight the importance of incorporating endogenous product-attributes and market power considerations in the design of attribute-based environmental regulations.

Download a draft of the paper "Attribute-based Subsidies and Market Power: an Application to Electric Vehicles."

About the Speaker:

Shanjun Li is a Professor of Applied Economics and Policy, and he holds the Kenneth L. Robinson Chair in the Dyson School of Applied Economics and Management at Cornell University. He serves as the Director of the Cornell Institute for China Economic Research (CICER), the Director of Graduate Studies in the Dyson School, an editor for the Journal of the Association of Environmental and Resource Economists, and a co-editor for International Journal of Industrial Organization. He also is a research associate at the National Bureau of Economic Research (NBER) and a university fellow at Resources for the Future (RFF).

Li's research focuses on pressing sustainability issues in China and their global implications in order to inform evidence-based policymaking. His recent work has centered on understanding the effectiveness and welfare impacts of various policy options to promote transportation electrification, to improve air quality, and to alleviate urban traffic congestion in China. His research has been funded by the National Science Foundation, the International Initiative for Impact Evaluation, and the World Bank among others. He has advised government agencies, NGOs, and corporations, and his research findings have been cited by such media outlets as the Economist, National Public Radio, the Associated Press, Washington Post, Forbes, the Hill, Vox, People’s Daily in China, and Daily Mail in UK.

Shanjun Li

Shanjun Li

Professor of Applied Economics at Cornell University
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Shanjun Li Professor of Applied Economics and Policy Cornell University
Seminars

The Impacts of China’s Carbon Market on Firms

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A newly built Chinese state-owned coal fired power plant is seen on February 7, 2017 in Liuzhi County, Guizhou province, southern China.
A newly built Chinese state-owned coal fired power plant in Liuzhi County, Guizhou province, southern China. | Getty

The carbon emission trading system (ETS) is China's cornerstone climate policy instrument. However, it is still largely unknown how the ETS affects firm competitiveness. Using firm-level data such as tax records, industrial surveys, and financial disclosures, guest speaker Junjie Zhang comprehensively assesses the impacts of China's regional ETS pilots on firm environmental and economic performance. The results show that China's ETS reduces carbon emissions despite low carbon prices and infrequent trading. The findings offer no evidence that the ETS negatively affects firm profitability and productivity, but rather directs firm innovation towards climate-friendly technologies, reducing regulatory compliance costs. However, Zhang also explains unambiguous evidence that China's regionally segmented ETS pilots can cause carbon leakage among firms in the same ownership network.

About the Speaker

Junjie Zhang is an Associate Professor of Environmental Economics at Duke University's Nicholas School of the Environment and Director of the Initiative for Sustainable Investment at Duke Kunshan University. He founded and directed Duke Kunshan's Environmental Research Center and International Master of Environmental Policy Program. Before that, he was an associate professor in the School of Global Policy and Strategy at the University of California, San Diego. He was also a Volkswagen Visiting Chair in Sustainability at Tsinghua University's Schwarzman College. His recent research focuses on empirical issues in energy transition, climate change, and green finance. In the past five years, he advised numerous Chinese government agencies at the central and local levels, including the National Development and Reform Commission, the Ministry of Ecology and Environment, the Ministry of Natural Resources, and the China Council for International Cooperation on Environment and Development. His research projects have been supported by NSF, NSFC, NOAA, Energy Foundation, Packard Foundation, ClimateWorks Foundation, US-China Business Council, World Bank, and Asian Development Bank. He holds a B.S. from Renmin University of China, a B.S. and an M.S. from Tsinghua University, and a Ph.D. from Duke University.

Junjie Zhang

Junjie Zhang

Director Initiative for Sustainable Investment at Duke Kunshan University
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Junjie Zhang Associate Professor of Environmental Economics Duke University
Lectures

Infrastructure Development and Democratic Participation

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Bennon Fukuyama seminar

Infrastructure development requires democracies to balance multiple, competing governance priorities. The representativeness of the decision-making process must be balanced against the benefits of impartial technical assessments by the civil service, and both must be balanced against the efficiency of infrastructure development and government actions. Using the California Environmental Quality Act (CEQA) as a case study, we will argue that California has become a “vetocracy” in which decisions in favor of collective action have become extremely difficult to arrive at. This presentation is based in part on CDDRL’s recent research on California governance, in collaboration with the California 100 Initiative. 

ABOUT THE SPEAKERS

Francis Fukuyama
Francis Fukuyama has written widely on issues in development and international politics. His 1992 book, The End of History and the Last Man, has appeared in over twenty foreign editions. His most recent book, Identity: The Demand for Dignity and the Politics of Resentment, was published in September 2018. His latest book, Liberalism and Its Discontents, was published in the spring of 2022.

Dr. Fukuyama received his B.A. from Cornell University in classics, and his Ph.D. from Harvard in Political Science. He was a member of the Political Science Department of the RAND Corporation, and of the Policy Planning Staff of the US Department of State. From 1996-2000 he was Omer L. and Nancy Hirst Professor of Public Policy at the School of Public Policy at George Mason University, and from 2001-2010 he was Bernard L. Schwartz Professor of International Political Economy at the Paul H. Nitze School of Advanced International Studies, Johns Hopkins University. He served as a member of the President’s Council on Bioethics from 2001-2004.

Dr. Fukuyama holds honorary doctorates from Connecticut College, Doane College, Doshisha University (Japan), Kansai University (Japan), Aarhus University (Denmark), and the Pardee Rand Graduate School. He is a non-resident fellow at the Carnegie Endowment for International Peace and at the Center for Global Development. He is a member of the Board of Trustees of the Rand Corporation, the Board of Governors of the Pardee Rand Graduate School, and the Volcker Alliance. He is a member of the American Political Science Association and the Council on Foreign Relations. He is married to Laura Holmgren and has three children.
 

Mike Bennon
Michael Bennon is a Research Scholar at CDDRL for the Global Infrastructure Policy Research Initiative. Michael's research interests include infrastructure policy, project finance, public-private partnerships and institutional design in the infrastructure sector. Michael also teaches Global Project Finance to graduate students at Stanford. Prior to Stanford, Michael served as a Captain in the US Army and US Army Corps of Engineers for five years, leading Engineer units, managing projects, and planning for infrastructure development in the United States, Iraq, Afghanistan and Thailand.
 

Virtual to Public. Only those with an active Stanford ID with access to E008 in Encina Hall may attend in person.

Didi Kuo

Virtual to Public. Only those with an active Stanford ID with access to E008 in Encina Hall may attend in person.

Francis Fukuyama

Encina Hall, C148
616 Jane Stanford Way
Stanford, CA 94305

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Olivier Nomellini Senior Fellow at the Freeman Spogli Institute for International Studies
Director of the Ford Dorsey Master's in International Policy
Research Affiliate at The Europe Center
Professor by Courtesy, Department of Political Science
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Francis Fukuyama is the Olivier Nomellini Senior Fellow at Stanford University's Freeman Spogli Institute for International Studies (FSI), and a faculty member of FSI's Center on Democracy, Development and the Rule of Law (CDDRL). He is also Director of Stanford's Ford Dorsey Master's in International Policy, and a professor (by courtesy) of Political Science.

Dr. Fukuyama has written widely on issues in development and international politics. His 1992 book, The End of History and the Last Man, has appeared in over twenty foreign editions. His book In the Realm of the Last Man: A Memoir will be published in fall 2026.

Francis Fukuyama received his B.A. from Cornell University in classics, and his Ph.D. from Harvard in Political Science. He was a member of the Political Science Department of the RAND Corporation, and of the Policy Planning Staff of the US Department of State. From 1996-2000 he was Omer L. and Nancy Hirst Professor of Public Policy at the School of Public Policy at George Mason University, and from 2001-2010 he was Bernard L. Schwartz Professor of International Political Economy at the Paul H. Nitze School of Advanced International Studies, Johns Hopkins University. He served as a member of the President’s Council on Bioethics from 2001-2004. He is editor-in-chief of American Purpose, an online journal.

Dr. Fukuyama holds honorary doctorates from Connecticut College, Doane College, Doshisha University (Japan), Kansai University (Japan), Aarhus University (Denmark), the Pardee Rand Graduate School, and Adam Mickiewicz University (Poland). He is a non-resident fellow at the Carnegie Endowment for International Peace. He is a member of the Board of Trustees of the Rand Corporation, the Board of Trustees of Freedom House, and the Board of the Volcker Alliance. He is a fellow of the National Academy for Public Administration, a member of the American Political Science Association, and of the Council on Foreign Relations. He is married to Laura Holmgren and has three children.

(October 2025)

Global Populisms

A new project examining the global surge in populist movements and what it means for established democratic rules and institutions.
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Michael Bennon

Encina Hall
616 Jane Stanford Way
Stanford, CA 94305-6055

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Michael Bennon is a Research Scholar at CDDRL for the Global Infrastructure Policy Research Initiative. Michael's research interests include infrastructure policy, project finance, public-private partnerships and institutional design in the infrastructure sector. Michael also teaches Global Project Finance to graduate students at Stanford. Prior to Stanford, Michael served as a Captain in the US Army and US Army Corps of Engineers for five years, leading Engineer units, managing projects, and planning for infrastructure development in the United States, Iraq, Afghanistan and Thailand. 

Program Manager, Global Infrastructure Policy Research Initiative
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How Strong Are International Standards in Practice? Evidence from Cryptocurrency Transactions

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Karen Nershi headshot on a blue background with Fall Seminar Series in white font

Join the Cyber Policy Center and moderator  Daniel Bateyko in conversation with Karen Nershi for How Strong Are International Standards in Practice?:  Evidence from Cryptocurrency Transactions. 

The rise of cryptocurrency (decentralized digital currency) presents challenges for state regulators given its connection to illegal activity and pseudonymous nature, which has allowed both individuals and businesses to circumvent national laws through regulatory arbitrage. Karen Nershi assess the degree to which states have managed to regulate cryptocurrency exchanges, providing a detailed study of international efforts to impose common regulatory standards for a new technology. To do so, she introduces a dataset of cryptocurrency transactions collected during a two-month period in 2020 from exchanges in countries around the world and employ bunching estimation to compare levels of unusual activity below a threshold at which exchanges must screen customers for money laundering risk. She finds that exchanges in some, but not all, countries show substantial unusual activity below the threshold; these findings suggest that while countries have made progress toward regulating cryptocurrency exchanges, gaps in enforcement across countries allow for regulatory arbitrage. 

This session is part of the Fall Seminar Series, a months-long series designed to bring researchers, policy makers, scholars and industry professionals together to share research, findings and trends in the cyber policy space. Both in-person (Stanford-affiliation required) and virtual attendance (open to the public) is available; registration is required.

Karen Nershi is a Postdoctoral Fellow at Stanford University's Stanford Internet Observatory and the Center for International Security and Cooperation (CISAC). In the summer of 2021, she completed her Ph.D. in political science at the University of Pennsylvania specializing in the fields of international relations and comparative politics. Through an empirical lens, her research examines questions of international cooperation and regulation within international political economy, including challenges emerging from the adoption of decentralized digital currency and other new technologies. 

Specific topics Dr. Nershi explores in her research include ransomware, cross-national regulation of the cryptocurrency sector, and international cooperation around anti-money laundering enforcement. Her research has been supported by the University of Pennsylvania GAPSA Provost Fellowship for Innovation and the Christopher H. Browne Center for International Politics. 

Before beginning her doctorate, Karen Nershi earned a B.A. in International Studies with honors at the University of Alabama. She lived and studied Arabic in Amman, Jordan and Meknes, Morocco as a Foreign Language and Area Studies Fellow and a Critical Language Scholarship recipient. She also lived and studied in Mannheim, Germany, in addition to interning at the U.S. Consulate General Frankfurt (Frankfurt, Germany).

Dan Bateyko is the Special Projects Manager at the Stanford Internet Observatory.

Dan worked previously as a Research Coordinator for The Center on Privacy & Technology at Georgetown Law, where he investigated Immigration and Customs Enforcement surveillance practices, co-authoring American Dragnet: Data-Drive Deportation in the 21st Century. He has worked at the Berkman Klein Center for Internet & Society, the Dangerous Speech Project, and as a research assistant for Amanda Levendowski, whom he assisted with legal scholarship on facial surveillance.

In 2016, he received a Thomas J. Watson Fellowship. He spent his fellowship year talking with people about digital surveillance and Internet infrastructure in South Korea, China, Malaysia, Germany, Ghana, Russia, and Iceland. His writing has appeared in Georgetown Tech Law Review, Columbia Journalism Review, Dazed Magazine, The Internet Health Report, Council on Foreign Relations' Net Politics, and Global Voices. He is a 2022 Internet Law & Policy Foundry Fellow.

Dan received his Masters of Law & Technology from Georgetown University Law Center (where he received the IAPP Westin Scholar Book Award for excellence in Privacy Law), and his B.A. from Middlebury College.

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