This study explores to what extent the implementation of managerial Climate Management Practices (CMP) adopted by large publicly traded firms is associated with Corporate Financial Performance (CFP), measured by Tobin’s Q. The results show that most CMP are not significantly linked to Tobin’s Q, implying that markets largely view them as neutral with respect to value creation. These findings offer practical insights for managers, investors, and regulators, highlighting how climate management practices can be structured to better align with evolving market expectations.
This study investigates the relationship between distinct types of inequality and CO2 emissions using panel data on 156 countries from 1995 to 2020. These findings call for international cooperation and public policies aimed at a more equitable primary income distribution to achieve joint inequality and reduction of carbon emissions.
This book offers a comprehensive exploration of how empirical stock-flow consistent (SFC) modelling can be used as a tool for macroeconomic analysis.
Autonomie et recharge, recyclage, dépendance à la Chine, impacts environnementaux et sociaux, durée de vie, prix… les véhicules électriques et en particulier leurs batteries soulèvent de nombreuses questions, avec parfois leur lot d’idées reçues et de désinformation. L’article vise à décrypter ces questions en 12 points clés.
Using a two-stage least squares estimator for a panel of 165 countries from 2000 to 2023, the paper shows that lower wealth inequality decreases land use change emissions. The effect is most pronounced when inequality is measured by the top 10% wealth share and in developing countries, where land use change emissions constitute the majority of total emissions.
The concurrent surge in fuel, food, and fertilizer prices underscores the broad vulnerability of agrifood system in an interconnected global economy, where supply chain disruptions can propagate rapidly. It also highlights the urgent need for a deeper understanding of the short-and long-term drivers of the price of the world’s most widely used nitrogen fertilizer: urea. To address this knowledge gap, our study employs a Vector Error Correction Model using global monthly data from 1985 to 2023.
Historical contributions of carbon emissions differ widely between nations, constraining climate change negotiations. Cumulative country estimates ignore historical populations, overstating the role of large-population countries. In this paper, we present a global accounting framework. Adding CO2 emissions from land use change radically reshapes the map, moving Brazil from the world’s 8th largest creditor to the 3rd largest debtor. Yet, it does not change the position of the US, China and India.
Quinze spécialistes, issus des grandes écoles et universités françaises, ont contribué à la rédaction du manuel, dans le cadre d’un groupe de travail bénévole du Sustainable Development Solutions Network des Nations Unies.This textbook, written by fifteen economists from the SDSN France network, provides an accessible introduction to ecological economics and finance.
The energy transition is a worldwide endeavor that most countries have come to acknowledge, thanks to the work of scientists all over the world. The use of fossil fuels in our energy-intensive economies for the past centuries has dramatically increased global warming (+1.5 degrees Celsius since preindustrial times), and public policies play a key role in the fight against this highly alarming trend. This dissertation focuses on three aspects of the economics of energy transition
Energy poverty is a multidimensional issue, as demonstrated by a comparison between two low-income countries, Bolivia (BOL) and Côte d’Ivoire (CIV), and a high-income European country, France (FRA). These three countries represent different stages of access and energy poverty. The findings highlight the importance of considering affordability in efforts to ensure universal energy access, to prevent further exclusion and promote energy justice.
