Publications of the Chair

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...  

Behavioural perspectives for post-pandemic environmental policy

2020
Authors :
Guy Meunier and Ingmar Schumacher

In this article we use the recent Covid-19 crisis to investigate what motivates individuals in their decisions to deal with two externalities, namely disease transmission, in particular social distancing, and the willingness to undertake green expenditure.

Credit Risk Sensitivity to Carbon Price

2020
Authors :
Vincent Bouchet et Theo Le Guenedal

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

Quantifying the potentials of transport CO2 emissions reductions through prospective scenarios analysis

2020
Authors :
Aurélien Bigo

This study compares and quantifies the potentials of 5 drivers of transport CO2 emissions reductions within French prospective scenarios by 2050.