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Cost-Benefit Analysis for Green Demonstrators: Application to the Container Glass Industry in France

Jean-Pierre PonssardMaria Eugenia SaninMaryam SadighiPublicationsResearch areaResearch FellowsSectoral PoliciesWorking papersComments Off on Cost-Benefit Analysis for Green Demonstrators: Application to the Container Glass Industry in France

Adopting disruptive technologies for decarbonizing hard-to-abate industrial sectors requires experimentation through demonstration (pilot) projects. However, from an economic perspective, the potential long-term benefits and the difficulties in designing relevant public policies are not addressed in the standard valuations of those projects.

Emerging consensus on net energy paves the way for improved integrated assessment modeling

Macro-economical and societal challengesPublicationsPublicationsResearch areaResearch FellowsVictor CourtComments Off on Emerging consensus on net energy paves the way for improved integrated assessment modeling

Extracting, processing, and delivering energy requires energy itself, which reduces the net energy available to society and yields considerable socioeconomic implications. Yet, most mitigation pathways and transition models overlook net energy feedbacks.

Inflation and how to deal with it in France. A policy perspective from an empirical stock-flow model

Jacques MazierMacro-economical and societal challengesPublicationsResearch areaResearch FellowsWorking papersComments Off on Inflation and how to deal with it in France. A policy perspective from an empirical stock-flow model

Using an empirical stock-flow consistent (SFC) model for the French economy, we simulate an imported inflationary shock to emulate the current inflation situation and analyze the resulting macroeconomic impacts on the French economy. Two possible responses are considered: increased wage per capita so as to preserve workers’ purchasing power, increased margins by firms in order to restore their profit share.

The Finance-Climate Nexus

The failure of market mechanisms to respect the carbon budget, to assess climate-based financial risks, and to reallocate financial flows on a more sustainable greenhouse gas emission pathway call for strong public interventions and for a strong involvement of both central banks and regulators in the structural change of finance.

Enjeux climatiques et gouvernance d’entreprise : Analyse des indices FTSE100, HDAX et SBF120

Cécile CézanneFinancial regulation and innovative financingPublicationsPublicationsResearch areaResearch FellowsSandra RigotComments Off on Enjeux climatiques et gouvernance d’entreprise : Analyse des indices FTSE100, HDAX et SBF120

This article analyses the integration of climate issues into corporate governance. Based on data from the 2019 CDP survey, it shows that FTSE100, HDAX, and SBF120 companies use similar control and incentive mechanisms to ensure the transparency of climate information, despite some specificities related to their legal and institutional environments. The paper identifies some shortcomings and makes recommendations to overcome them.

Energy and rural households well-being : Do the facts hold the promise of prosperity?

Access to EnergyAhmed TritahBooks & Official ReportsChloé SaurelPublicationsResearch areaResearch FellowsComments Off on Energy and rural households well-being : Do the facts hold the promise of prosperity?

This paper reviews the evidence from the recent literature regarding the impact of electricity on rural households. The authors’ reading of the currently available evidence suggests that while access to electricity is necessary to support local economic development and stimulate a more inclusive labor market, it is however not sufficient.

Decarbonization with Induced Technical Change: Exploring the Niche Potential of Hydrogen in Heavy Transportation

Albin KasserGuy MeunierJean-Pierre PonssardPublicationsResearch areaResearch FellowsSectoral PoliciesWorking papersComments Off on Decarbonization with Induced Technical Change: Exploring the Niche Potential of Hydrogen in Heavy Transportation

Electric batteries and fuel cells (hydrogen) are competing technologies for the energy transition in heavy transportation. This paper shows that the existence of a market niche for fuel-cell electric buses (FCEBs) can be obtained depending on the values of a limited set of key parameters.

Car-Fuel Poverty: Determinants and Policy Implications for France

Maria Eugenia SaninPublicationsResearch areaResearch FellowsSectoral PoliciesWorking papersComments Off on Car-Fuel Poverty: Determinants and Policy Implications for France

Several European governments implemented a generalized gasoline subsidy in the face of inflation following the Ukrainian crisis. In contrast, reducing fossil fuel consumption is crucial to mitigate the current energy and climate crises. Fuel consumption for transport increases with income, making rich households the main beneficiaries of generalized subsidies. In this context, a thorough investigation of the nature of vulnerability to rising gasoline prices is needed to formulate targeted policies.

From Price Stability to Climate Stabilization? The Political Economy of Green Central Banking

Doctoral & master thesisFinancial regulation and innovative financingJérôme DeyrisPublicationsResearch areaResearch FellowsComments Off on From Price Stability to Climate Stabilization? The Political Economy of Green Central Banking

This PhD thesis focuses on a recent and rapidly spreading, but highly diverse phenomenon: the integration of climate and environemntal issues by central bankers. To do so, the author draws from different approaches in order to understand what drives (some) central banks to embrace this issue, why they do so and how. 

Unconventional monetary policy in an econometric SFC model of the French economy: Some lessons for financing the low-carbon transition

Jacques MazierMacro-economical and societal challengesPublicationsPublicationsResearch areaResearch FellowsComments Off on Unconventional monetary policy in an econometric SFC model of the French economy: Some lessons for financing the low-carbon transition

Un modèle économétrique SFC de l’économie française est présenté pour étudier les effets des politiques monétaires non-conventionnelles et l’impact d’une version simple de la monnaie électronique banque centrale. Différentes formes de politiques monétaires non conventionnelles sont évaluées.