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.

La finance durable : Où en est la recherche académique ?

2021
Authors :
Caroline Granier et Sandra Rigot

L'objectif de cet article est de faire un état des lieux des travaux sur la finance durable à travers une analyse bibliométrique de la base de données WoS entre 1981 et 2018.

Why finance professionals hold green and brown assets? A lab-in-the-field experiment

2021
Authors :
Adrien Nguyen-Huu, Sébastien Duchêne, Dimitri Dubois, Marc Willinger

We assess the impact of environmental externalities on portfolio decisions in a lab-inthe-field experiment on finance professionals and students. Subjects show pro-environmental preferences, with...  

Higher cost of finance exacerbates a climate investment trap in developing economies

2021
Authors :
Nadia Ameli, Olivier Dessens, Matthew Winning, Jennifer Cronin, Hugues Chenet, Paul Drummond, Alvaro Calzadilla, Gabrial Anandarajah and Michael Grubb

Finance is vital for the green energy transition, but access to low cost finance is uneven as the cost of capital differs substantially between regions. This study shows how modelled decarbonisation pathways for developing economies are disproportionately impacted by different weighted average cost of capital (WACC) assumptions.

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

2021
Authors :
Leonardo Basso, Juan-Pablo Montero, and Felipe Sepulveda

Article published in Transportation Research Part A: Policy and Practice Congestion and local air pollution continue to be a serious problem in many cities around...  

Internal migration and energy poverty in South Africa

2021
Authors :
Leonard le Roux and Johanna Choumert-Nkolo

Despite recent progress, energy poverty remains pervasive in Sub-Saharan Africa (SSA). This challenge is generally more severe in rural areas. However, rapid urbanization adds...  

Who emits CO2? Landscape of ecological inequalities in France from a critical perspective

2021
Authors :
Antonin Pottier, Emmanuel Combet, Jean-Michel Cayla, Simona de Lauretis, and Franck Nadaud

This article provides a panorama of greenhouse gas (GHG) emission inequalities between French households. It presents in a detailed and critical manner the methodological...  

A Bibliometric Analysis of Research on Renewable Energy Crowdfunding : An Assessment and Policy Proposals

2021
Authors :
Sandra Rigot, Cécile Cézanne, Laurence Saglietto

This paper tries to fill this gap of research on the significance and evolution of renewable energy crowdfunding by providing a bibliometric analysis of academic work on renewable energy crowdfunding.

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.