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Credit Risk Sensitivity to Carbon Price

Based on the 2018 Intergovernmental Panel on Climate Change scenarios, this article studies the credit risk sensitivity of 795 international companies to carbon prices.

Why local initiatives for the energy transition should coordinate. The case of cities for fuel cell buses in Europe

Article accepted in the Revue d’Economie Industrielle Hydrogen is a possible alternative to the internal combustion engine, alongside battery-powered vehicles, in the context of reducing greenhouse...  

Coordination of sectoral climate policies and life-cycle emissions

The present paper addresses the issue of sectoral policy coordination, especially when Pigovian carbon pricing is unavailable. It analyzes the optimal allocation of mitigation effort among two vertically connected sectors, an upstream (e.g. electricity) and a downstream (e.g. transportation) one.

Extending the limits of the abatement cost

The paper examines the relevant cost benefit framework for state agencies investigating the potential of local projects to mitigate climate change. We propose a new metric that incorporates into the analytical framework the dynamic interactions between the project and its continuation.

Green bond: the emperor wears no clothes

This article demonstrates that the green bond cannot constitute an incentive to carry out a green project.

How to re-conceptualise and re-integrate climate finance into society through ecological accounting?

We propose an exploratory and theoretical study which introduces how and why a particular and innovative ecological accounting approach, the CARE model, currently called upon by a growing number of practitioners and researchers, is a relevant framework to re-conceptualise the issue of climate finance

Expenditure elasticity and income elasticity of GHG emissions: A survey of literature on household carbon footprint

The article examines the relationship between a household’s income and its carbon emissions (the carbon footprint). It is found that, generally, the carbon footprint grows less rapidly than expenditure, and confirms that the income elasticity is lower than the expenditure elasticity

From words to deeds? Climate change and the European Central Bank

Using textual analysis methods, we study how the topic of climate change has appeared and evolved in the speeches of the ECB’s Executive Board members since 1997.

It takes two to dance: Institutional dynamics and climate-related financial policies

This article studies how institutional dynamics might affect and be affected by the implementation of climate-related financial policies.

Better safe than sorry: macroprudential policy, Covid 19 and climate change

This article point out why current banking regulation is not adequate to face risks whose origin is grounded outside financial markets and offer avenues for reforming macroprudential regulation.