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The Financial Performance of Solidarity-based Investment Funds

This article examines the financial performance of French solidarity-based investment funds, also known as “90-10 funds”, which combine 90% responsible listed assets and 10% solidarity assets from Social and Solidarity Economy (SSE) enterprises. 

Designing Climate Policy: From Innovation to Diffusion

This one-day workshop took place on 19th May 2025 and brought together researchers working on the design, evaluation, and impact of climate policies aimed at fostering the development and diffusion of low-carbon technologies. Access the slides for each presentation and a summary of the event.

The regulation of the corporate welfare policy. Evidence from France

PublicationsResearch areaResearch FellowsSamuel KlebanerSectoral PoliciesWorking papersComments Off on The regulation of the corporate welfare policy. Evidence from France

The aim of this article is to demonstrate that the “Corporate Welfare” policies are embedded in a complex, dynamic and unstable mode of regulation.

Les conseils d’administration peuvent-ils diminuer les émissions de gaz à effet de serre dans leur entreprise ?

Financial regulation and innovative financingPolicy papersPublicationsResearch areaResearch FellowsSandra RigotComments Off on Les conseils d’administration peuvent-ils diminuer les émissions de gaz à effet de serre dans leur entreprise ?

Une étude menée sur 305 entreprises cotées en France, en Allemagne, au Royaume-Uni et au Japon, met en lumière l’influence du conseil d’administration sur la réduction des émissions de gaz à effet de serre (GES). Une empreinte surtout prégnante dans les entreprises les plus émettrices.

Do Corporate Governance Mechanisms Help to Reduce Carbon Emissions? Some Empirical Evidence on Listed Companies in France, Germany, the United Kingdom, and Japan

Financial regulation and innovative financingPublicationsPublicationsResearch areaResearch FellowsSandra RigotComments Off on Do Corporate Governance Mechanisms Help to Reduce Carbon Emissions? Some Empirical Evidence on Listed Companies in France, Germany, the United Kingdom, and Japan

 In this paper, we analyze the role of firms in mitigating climate change through their model of corporate governance. Our findings vary depending on the high- or low-emission sector. Based on these results, we propose several managerial and policy implications that can help improve corporate climate performance.

The equity and efficiency trade-off of carbon tax revenue recycling: A re-examination

Emmanuel CombetMacro-economical and societal challengesPublicationsPublicationsComments Off on The equity and efficiency trade-off of carbon tax revenue recycling: A re-examination

This paper examines the macroeconomic and distributive impacts of carbon pricing reforms. 

The difficult reappropriation of an ancient technical knowledge: Rainwater harvesting in Ahmedabad (India)

Access to EnergyAkil AmiralyPublicationsPublicationsResearch areaResearch FellowsComments Off on The difficult reappropriation of an ancient technical knowledge: Rainwater harvesting in Ahmedabad (India)

In situations of water shortage and unreliability of the public water supply service, the rehabilitation of old water supply systems could constitute an additional source of supply. The chapter questions both the rationale of their rehabilitation and the state of nowledge associated with their use, based on the example of the old city of Ahmedabad in India.

Development of Hydrogen Valleys: Defining a Merit-order of End-uses

Albin KasserMaryam SadighiPublicationsResearch areaResearch FellowsSectoral PoliciesWorking papersComments Off on Development of Hydrogen Valleys: Defining a Merit-order of End-uses

Hydrogen valleys, which integrate renewable energy sources, hydrogen infrastructure, and end-use applications, play a crucial role in decarbonizing industrial energy hubs. However, the large-scale deployment of hydrogen is constrained by limited renewable electricity availability and high technology costs. A key insight from our analysis is that the merit order of hydrogen end-uses is dynamic, evolving with an increasing Social Cost of Carbon (SCC). When the SCC surpasses a threshold defined by the Social Opportunity Cost of Abatement (SOCA), allocating hydrogen to the most emissions-intensive sector becomes socially optimal, even if that sector has a higher sectoral abatement cost.

11th edition of the annual International Conference on Mobility Challenges : event report

Maria Eugenia SaninResearch areaResearch FellowsSectoral PoliciesComments Off on 11th edition of the annual International Conference on Mobility Challenges : event report

On February 7, we hosted the 11th International Conference on Mobility Challenges, where we engaged with leading academics, stakeholders from the automotive industry, civil...  

La finance à impact : éclairage sur les pratiques d’une société française de gestion d’actifs solidaires

Financial regulation and innovative financingPhilippe DevinPublicationsPublicationsResearch areaResearch FellowsComments Off on La finance à impact : éclairage sur les pratiques d’une société française de gestion d’actifs solidaires

Cet article propose une analyse comparative d’un fonds solidaire « 90-10 » recherchant principalement la performance financière (fonds « A ») et d’un fonds solidaire spécialisé (fonds « B »), privilégiant la création d’impacts positifs sans performance financière. Ces fonds combinent les notions d’impact et de solidarité de manière hybride : communication d’une part, pratiques de financement et de sélection d’autre part.