Publications of the Chair

Coordination of sectoral climate policies and life-cycle emissions

2022
Authors :
Quentin Hoarau and Guy Meunier

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.

Technology Neutral vs. Technology Specific Procurement

2021
Authors :
Juan-Pablo Montero and Natalia Fabra

An imperfectly-informed regulator needs to procure multiple units of some good that can be produced with heterogeneous technologies at various costs. How should it optimally procure these units? We find that one size does not fit all: the preferred instrument depends on the costs of the available technologies, their degree of substitutability, the extent of information asymmetry,...

Extending the limits of the abatement cost

2021
Authors :
Guy Meunier, Jean-Pierre Ponssard

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.

Côte d’Ivoire’s electricity challenge in 2050: Reconciling economic development and climate commitments

2021
Authors :
Edi Assoumou and Florent Mc Isaac

In closing its economic gap with emerging markets, Côte d’Ivoire will face a substantial increase in electricity demand over the next three decades. This paper develops a forward-looking tool to explore electricity technology investment paths compatible with both rapidly increasing electricity demand and the Paris Agreement.

Deepening the territorial Life Cycle Assessment approach with partial equilibrium modelling: First insights from an application to a wood energy incentive in a French region

2021
Authors :
T. Beaussier, S. Caurla, V. Bellon-Maurel, P. Delacote, E. Loiseau

An innovative modelling framework and metrics are developed to assess the economic and environmental performances of regional incentives in the wood energy sector. Our approach is based on the coupling between a partial equilibrium economic model of the forest sector with Life Cycle Assessment (LCA). Its originality relies on the computation of regional eco-efficiency...

Green bond: the emperor wears no clothes

2021
Authors :
Ivar Ekeland, Julien Lefournier

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?

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

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

2021
Authors :
Antonin Pottier

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

Exploring nonlinearity on the CO emissions, economic production and energy use nexus: A causal discovery approach

2021
Authors :
Peter Martey-Addo, Christelle Manibialoa, and Florent Mc Isaac

We examine the interactions between growth in CO2 emissions, economic production, and energy use at the global and multi-regional levels over the period 1990–2014. Among our findings, our results suggest that policy effectiveness could be gained if a country’s climate actions were coordinated with the other geographies most affected by their consequences, providing valuable...

Testing Goodwin with a stochastic differential approach—The United States (1948–2019)

2021
Authors :
Florent Mc Isaac

This paper follows Harvie and Grasselli and Maheshwari's research program in testing both Goodwin's predator–prey model and the extension proposed by van der Ploeg. The aim of this paper is to provide a guideline for the bloc estimation and the backtesting strategy that can be applied to such a class of continuous-time non-linear macroeconomic...