Tuesday, November 8 FROM 11 TO 12:15
SUSTAINABLE ECONOMIC AND FINANCIAL DEVELOPMENT SEMINAR
Speaker: MATTHIEU GLACHANT (MINES PARISTECH)
ADAPTATING THE US RESIDENTIAL SECTOR TO GLOBAL WARMING
joint with François Cohen and Magnus Söderberg
Abstract:
Using household-level data from the American Housing Survey, this paper assesses the cost of adapting housing to temperature increases through home improvements and changes in energy consumption. Our best estimate of the present discounted value of the cost for adapting to the A2 “business-as-usual” scenario by the end of the century is $7,200 per housing unit, but this value is not statistically different from zero.
This corresponds to around 3.4 percent of the average purchase price of the housing units included in the sample. The impact is moderate because the installation and more intensive use of additional air-conditioners are partially offset by reduced space heating needs. Accordingly, we predict that climate change might increase residential electricity expenditure by 34% and reduce residential gas expenditure by 23% nationwide.
Ce séminaire porte sur la finance solidaire et la finance à impact qui sont considérées comme des modes de financement alternatifs ou complémentaires aux circuits financiers traditionnels. Il interroge en particulier l’évolution de ces deux types de finances au regard de leurs objectifs affichés, étant donné leur essor important depuis une quinzaine d’années.
This one-day workshop brings together researchers working on the design, evaluation, and impact of climate policies aimed at fostering the development and diffusion of low-carbon technologies. The presentations will cover a range of topics including the regulation of urban transport emissions, the integration of carbon dioxide removal into energy markets, the strategic adoption of...