Michael Greenstone is the Milton Friedman Distinguished Service Professor in Economics at the University of Chicago. In addition, he serves as the founding director of the University’s Institute for Climate and Sustainable Growth and the director of the interdisciplinary Energy Policy Institute at the University of Chicago. He was previously the director of the Becker Friedman Institute for Economics.
During the Obama Administration, he served as the Chief Economist for the President’s Council of Economic Advisers, where he proposed and then co-led the development of the United States Government’s social cost of carbon. He is an elected member of the American Academy of Arts and Sciences, a fellow of the Econometric Society, a Carnegie Fellow (aka the “Brainy Award”), and a former editor of the Journal of Political Economy. Formerly, Greenstone was the 3M Professor of Environmental Economics at MIT and directed The Hamilton Project.
Greenstone’s research, which has influenced policy in the United States and globally, is focused on the global energy challenge that requires all societies to balance the needs for inexpensive and reliable energy, protection of the public’s health from air pollution, and minimizing the damages from climate change. Recently, his research has helped lead to the United States Government quadrupling its estimate of the damages from climate change, the adoption of pollution markets in India, and the use of machine learning techniques to target environmental inspections. As a co-director of the Climate Impact Lab, he is producing empirically grounded estimates of the local and global impacts of climate change. He created the Air Quality Life Index® that converts air pollution concentrations into their impact on life expectancy and co-founded Climate Vault, a 501(c)(3) that uses markets to allow institutions and people to reduce their carbon footprint and foster innovation in carbon dioxide removal.
Greenstone received a Ph.D. in Economics from Princeton University and a B.A. in Economics with High Honors from Swarthmore College.