How the increased trade openness and correspondingly higher marginal propensity to import explains the lower efficiency of economic policy in the context of economic openness. Using an empirical stock-flow consistent model for the French economy (SFC FR), we analyze the macroeconomic impacts of these policies through a series of macroeconomic shocks.
We analyse the current and possible ways forward in this consideration of climate and biodiversity by finance, highlighting the extent to which they may either contribute to and/or suffer from those environmental changes.
Nos résultats montrent que le niveau de divulgation climatique influence positivement la performance financière mesurée par le Market to Book et le Q de Tobin. Toutefois, on constate des différences importantes selon les pays.
We examine the efficiency of a subsidy to cattle farmers for setting aside land for natural ecosystem regeneration. We develop a partial equilibrium model of the cattle sector that integrates land use, greenhouse gas emissions, and animal feeding. We identify conditions under which the subsidy is the best alternative to these other second-best policies.
We study the macroeconomic impact of climate action policy that would allow France to reach its net zero objective by 2050. Contrary to the findings of a report commissioned by the French Prime Minister, our simulations show that these investments are likely to generate economic growth and reduce public debt.
We document the relationship between rural–urban migration and energy poverty in South Africa. Our findings show that migrants to urban areas experience significant reductions in energy poverty, particularly in the use of traditional cooking fuels. Our study also explores energy poverty outcomes for both sending and receiving households, gender differences among migrants, and other amenities.
The distribution of the footprint within a country is regularly computed using consumption data, and with the assumption that the footprint from a product category is proportional to the spending on that product. Here, we explore the limitations of this proportionality assumption.
Maryam Sadighi, Jean-Pierre Ponssard, Maria Eugenia Sanin, Murès Zarea, Elodie Le Cadre Loret
Adopting disruptive technologies for decarbonizing hard-to-abate industrial sectors requires experimentation through demonstration (pilot) projects. However, from an economic perspective, the potential long-term benefits and the difficulties in designing relevant public policies are not addressed in the standard valuations of those projects.
Louis Delannoy, Matthieu Auzanneau, Baptiste Andrieu, Olivier Vidal, Pierre-Yves Longaretti, Emmanuel Prados, David J. Murphy, Roger W. Bentley, Michael Carbajales-Dale, Marco Raugei, Mikael Höök, Victor Court, Carey W. King, Florian Fizaine, Pierre Jacques, Matthew Kuperus Heun, Andrew Jackson, Charles Guay-Boutet, Emmanuel Aramendia, Jianliang Wang, Hugo Le Boulzec, Charles A.S. Hall
Extracting, processing, and delivering energy requires energy itself, which reduces the net energy available to society and yields considerable socioeconomic implications. Yet, most mitigation pathways and transition models overlook net energy feedbacks.
Cet article analyse l’intégration des enjeux climatiques dans la gouvernance d’entreprise. À partir des données 2019 de l’enquête CDP, il montre que les sociétés du FTSE100, de l’HDAX et du SBF120, et mobilisent des dispositifs de contrôle et d’incitation similaires pour garantir la transparence de l’information climatique malgré quelques spécificités liées à leurs environnements...
