Publications of the Chair

Climate management practices and market valuation: The price of (in)credibility

2026
Authors :
Jeanne Amar, Samira Demaria, Sandra Rigot

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...

The inequality-emission dilemma : Predistribution vs. redistribution

2026
Authors :
Tobias Angel, Alexandre Berthe, Valeria Costantini, Mariagrazia D’Angeli,

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.

Neoliberal Economic Policy and Alternatives for France An Empirical SFC Perspective

2026
Authors :
Luis Reyes, Jacques Mazier, Chin Yuan Chong

This book offers a comprehensive exploration of how empirical stock-flow consistent (SFC) modelling can be used as a tool for macroeconomic analysis.

Batteries de véhicules électriques : décryptage des principaux enjeux

2026
Authors :
Aurélien Bigo

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.

Wealth Inequality Reduction as a Climate Change Policy? Evidence on Political Channels

2026
Authors :
Tobias Angel

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...

Disentangling what Drives Global Urea Price: Short-Run and Long-Run Effects

2026
Authors :
Emma Skalski, Marilyne Huchet, Marie-Hélène Hubert

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:...

Public Banks and the Ecological Transition: Towards a Paradigm Shift in European Financial Policy

2026
Authors :
Sandra Rigot, Dominique Plihon, Robert Guttmann

Since 2015 the European Union has positioned itself as global leader in the ecological transition, placing the goal of carbon neutrality by 2050 at the heart of its economic and financial agenda. This article examines the role of public banks, particularly the European Investment Bank (EIB), in structuring the financing of the green transition.

From Demand Deficit to Development Strategy: Navigating Mini-grid Viability in a Fragile Context

2026
Authors :
Elie Lunanga, Nik Stoop, Marijke Verpoorten, Sébastien Desbureaux

Four in five people without access to electricity live in Sub-Saharan Africa, where mini-grids are seen as a key solution. Yet investment remains constrained by low and unpredictable demand, especially in fragile settings. We study electricity demand in North Kivu (Democratic Republic of Congo), using pre-grid census and survey data combined with six years...

Subsidising Electric Cooking to Protect the Environment: Evidence from a Randomized Trial in the D.R. Congo

2025
Authors :
Sébastien Desbureaux, Lara Collart, Nik Stoop, Raphael Soubeyran, Marijke Verpoorten, Mathieu Couttenier, Christine Cikesa, Jean de la Croix Kembere Mulwahili,Natsuno Shinagawa

This randomized controlled trial investigates how to accelerate the transition to the cleanest cooking fuel, electricity, and quantifies the benefits for people and the environment. 

Historical Carbon Debts and Credits – 1750-2023

2025
Authors :
Tobias Angel, Alain Naef

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...