Hugues Chenet is an Associate Professor of Sustainability at IÉSEG School of Management since 2022. He is also an Honorary Senior Research Fellow of University College London (Institute for Sustainable Resources) and a Research Associate at the Chair Energy and Prosperity (Risk Foundation, Paris). Hugues got his PhD in 2003 from The Institute of Earth Physics of Paris (IPGP), worked as a researcher at the Japanese Space Agency (JAXA) and then as a risk management consultant in finance and sustainability before he co-founded the 2° Investing Initiative think tank in 2012.
His research topics concern the role, responsibilities, and new constraints the financial system and broader economy and policy domains are facing, with regard to climate change, biodiversity loss and global sustainability issues. Hugues recently worked on these questions as a Scientific Collaborator at Ecole Polytechnique de Paris (Chair Stress Test) and as an Associate Research Fellow of the Japanese Financial Services Agency (Japan FSA), and contributed to the Planetary Health program at the Oxford Martin School. His current work focuses on the need to approach financial regulation through precautionary and strong sustainability approaches, in the face of ongoing global disruptions and the radical uncertainty that characterizes them. Hugues also sits in several scientific councils of national authorities and private companies.
In this paper, we examine how central banks and financial supervisors are approaching the topic of BRFR in relation to climate-related financial risk. We argue that policymakers should focus upon the broader concept of systemic environmental-financial risks to account for the interactions and trade-offs between both domains of biodiversity and climate change.
In this article, we build on four methods to show that Art. 2.1(c) of the Paris Agreement comprises a new meaning of ‘finance’ under the United Nations negotiations. Implementation of Art. 2.1(c) requires engagement by governments and non-state actors, including the financial sector.
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
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.
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
This article examines the role of sustainable finance and investment in Japan and how the Japanese financial sector can mitigate growing climate risks and support Japan's transition towards a zero-carbon, sustainable economy.
Article published in Climatic Change (2019) The finance sector’s response to pressures around climate change has emphasized disclosure, notably through the recommendations of the...
This paper is an introduction to climate change risk for the financial sector (banks and investors). It aims to provide financial professionals, researchers and policymakers in the area of banking and investment with a snapshot of the current state of the art and guidance on the relevant literature to go further.
The cattle sector, both emissions- and land-intensive, represents a great opportunity for mitigation through reforestation. In this paper, we study the efficiency of land-use regulation. Our analytical results indicate that the subsidy is the best alternative policy to emissions tax, provided that the elasticities of land use and emissions to cattle feeding are close. Interestingly,...
The workshop aims to identify the key uncertainties and debates regarding the role of bioenergy in a climate neutral economy, at national and global scales, and the challenges for the design of climate policies. Speakers and precise time will be confirmed soon.