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        "event_title":"Lost in Transition: Financial Barriers to Green Growth",
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        "combined_title":"Lost in Transition: Financial Barriers to Green Growth: Maarten De Ridder, London School of Economics",
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        "description":"Green innovation offers a solution to climate change without compromising living standards. Yet the share of climate-enhancing innovations in total patents, after booming for two decades, has seized to grow since the Global Financial Crisis. We develop a quantitative framework in which firms direct innovation towards green or polluting technologies, and become better at innovating in technologies that they have previously succeeded in. This causes mature, incumbent firms to predominantly innovate in polluting technologies. When green technologies become more attractive, e.g. due to a carbon tax, young firms are responsible for a large share of the transition to green innovation. As young firms are financially constrained, a credit shock harms their innovation, bringing the green transition to a halt. We validate the theory with two empirical exercises. First, we use micro data to provide causal evidence that tight credit disproportionately affects green innovation, through its effect on young firms. Second, we show that contractionary monetary policy shocks have a significantly larger effect on green patenting than non-green patenting, in line with the model. Quantifying the model, we find that tight credit can explain around 60% of the recent slowdown in the rise of green patenting. This translates to a cumulative increase in emissions by half a year of the initial (high pollution) steady state.\r\n\r\nThis talk is presented by the Macroeconomics Seminar, sponsored by the Department of Economics with generous gifts given through the Michael Beauregard Fund for Macroeconomics and the Economics Strategic Fund.",
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        "event_title":"End of the Year Celebration",
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        "event_title":"Quantum Research Institute Seminar | Quantum correlations in a many-body system of polar molecules",
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        "combined_title":"Quantum Research Institute Seminar | Quantum correlations in a many-body system of polar molecules: Zoe Yan, University of Chicago",
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        "event_type":"Workshop \/ Seminar",
        "event_type_id":"21",
        "description":"Zoe Yan, Assistant Professor at the University of Chicago, will be presenting \"Quantum correlations in a many-body system of polar molecules\" as part of the Quantum Research Institute's Special Quantum Seminar series from 3pm - 4pm  in the EECS Building, room 3316. A Zoom option is also provided.\r\nSeminar Description:\r\nUltracold molecules have promising applications in the fields of quantum computing and simulation of many-body systems. Central to these applications is the ability to detect and manipulate the quantum state of individual molecules. I will describe the development of a novel apparatus for imaging single diatomic molecules in an ultracold gas prepared in the ground electronic, rovibrational and hyperfine state, performed at Princeton University. We used this capability to measure quantum correlations due to the bosonic statistics of the molecules or due to entanglement mediated by dipolar interactions. As an example of a potential application, I will discuss our study of out-of-equilibrium dynamics in tunable quantum spin models and measurements of the evolution of spatial correlations during the ensuing thermalization process.\r\n Looking ahead, I will describe efforts for next-generation molecular gas experiments at the University of Chicago involving potassium-silver molecules. These 'ultrapolar' molecules are capable of dipolar-mediated entanglement approaching MHz level speeds, presenting interesting opportunities for quantum simulation and information.",
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        "event_title":"Spring 2024 COVID Information Commons Webinar: Research Lightning Talks and Q&A",
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