This article studies the exploitation of recyclable exhaustible resources such as metals that are crucial for the energy transition or phosphorus that is crucial for agricultural production. We use a standard Hotelling model of resource exploitation that includes a primary sector and a recycling sector.
While the ecological crisis is usually presented as a confrontation between mankind and nature, there remains a third term that it is imperative to keep in mind: technology. Technology appears as made up of two fronts, which must be considered jointly: mediation with nature, and mediation with man himself.
Jérôme Deyris, Gaëtan Le Quang et Laurence Scialom
Central bank independence (CBI) has often been presented as a superior institutional arrangement demonstrated by economists in the 1980s for achieving a common good in a non-partisan manner. In this article, we argue that this view must be challenged.
Céline Azémar, Rodolphe Desbordes, Paolo Melindi-Ghidi, Jean-Philippe Nicolaï
This paper studies the gains and losses incurred during the COVID-19 pandemic. A comparison between the gains and losses triggered by both the pandemic and the lockdown indicates that an excess profits tax imposed on the ‘winners’ could partly compensate the ‘losers’ of the same sector.
Based on the 2018 Intergovernmental Panel on Climate Change scenarios, this article studies the credit risk sensitivity of 795 international companies to carbon prices.
The aim of this work was to develop a robust transition model that should be able to provide information on public policies to avoid either an attractive equilibrium with fossil fuel-intensive capital only, or a collapse due to a climate-induced Minsky moment
On Dec 9-10, 2021, the annual International Conference on Mobility Challenges provided an outstanding opportunity to bring together researchers, industry experts and policy makers to discuss these issues. This note gives a summary of the debate.
Article accepted in the Revue d’Economie Industrielle Hydrogen is a possible alternative to the internal combustion engine, alongside battery-powered vehicles, in the context of reducing greenhouse...
Luis H. Zamarioli, Pieter Pauw, Michael König and Hugues Chenet
In this article, we build on four methods to show that Art. 2.1(c) of the Paris Agreement comprises a new meaning of ‘finance’ under the United Nations negotiations. Implementation of Art. 2.1(c) requires engagement by governments and non-state actors, including the financial sector.
