Publications of the Chair

Economic impacts of a glacial period: a thought experiment to assess the disconnect between econometrics and climate sciences

2020
Authors :
Gaël Giraud, Marie-Noëlle Woillez, and Antoine Godin

After discussing the weaknesses of the aggregated statistical approach to estimate economic damage, we conclude that, if these functions cannot reasonably be trusted for such a large cooling, they should not be considered to provide relevant information on potential damage in the case of a warming of similar magnitude, as projected in the case...

Finance, climate-change and radical uncertainty: Towards a precautionary approach to financial policy

2021
Authors :
Hugues Chenet, Josh Ryan-Collins, Frank van Lerven

The article presents a ‘precautionary’ financial policy approach to deal with Climate-related financial risks instead of the current framework which largely focuses on market-based solutions

Energy efficiency and economy-wide rebound effects: A review of the evidence and its implications

2021
Authors :
Paul E. Brockway, Steve Sorrell, Gregor Semieniuk, Matthew Kuperus Heun, Victor Court,

This paper explores in which proportion the economy-wide rebound could erode expected energy savings from improved energy efficiency.

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

2021
Authors :
Gaëtan Le Quang, Laurence Scialom

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.

Showing off cleaner hands: mandatory climate-related disclosure by financial institutions and the financing of fossil energy

2021
Authors :
Jean-Stéphane Mésonnier and Benoît Nguyen

We investigate the real effects of mandatory climate-related disclosure by financial institutions on the funding of carbon-intensive industries.

Wind farm revenues in Western Europe in present and future climate

2020
Authors :
Silvia Concettini, Bastien Alonzo, Anna Creti, Philippe Drobinski, Peter Tankov

Investments into wind generation may be hampered by revenues uncertainty caused by the natural variability of the resource, the impact of climate change on...  

How can strategy reformulation and CSR initiatives converge? The case of BOP

2020
Authors :
Thomas André, Nicolas Mottis, Jean-Pierre Ponssard

This paper investigates a case in which, on paper, the green lights were everywhere. Yet after more than 10 years of existence, the program remains in a stalemate status.The paper identifies three main organiszational barriers.

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

2020
Authors :
Hugues Chenet, Alexandre Rambaud

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

A practical approach for curbing congestion and air pollution: Driving restrictions with toll and vintage exemptions

2020
Authors :
Leonardo Basso, Juan-Pablo Montero, and Felipe Sepulveda

Congestion and local air pollution continue to be a serious problem in many cities around the world, partly because of an increasing and ageing...  

Designing conditional schemes for green industrial policy under different information structures

2020
Authors :
Guy Meunier and Jean-Pierre Ponssard

We assume that a project requires an initial outlay and may either succeed or fail. The probability of success depends on its type and...