Publications of the Chair

Côte d’Ivoire’s electricity challenge in 2050: Reconciling economic development and climate commitments

2021
Authors :
Edi Assoumou and Florent Mc Isaac

In closing its economic gap with emerging markets, Côte d’Ivoire will face a substantial increase in electricity demand over the next three decades. This paper develops a forward-looking tool to explore electricity technology investment paths compatible with both rapidly increasing electricity demand and the Paris Agreement.

Deepening the territorial Life Cycle Assessment approach with partial equilibrium modelling: First insights from an application to a wood energy incentive in a French region

2021
Authors :
T. Beaussier, S. Caurla, V. Bellon-Maurel, P. Delacote, E. Loiseau

An innovative modelling framework and metrics are developed to assess the economic and environmental performances of regional incentives in the wood energy sector. Our approach is based on the coupling between a partial equilibrium economic model of the forest sector with Life Cycle Assessment (LCA). Its originality relies on the computation of regional eco-efficiency...

How to re-conceptualise and re-integrate climate finance into society through ecological accounting?

2020
Authors :
Hugues Chenet, Alexandre Rambaud

We propose an exploratory and theoretical study which introduces how and why a particular and innovative ecological accounting approach, the CARE model, currently called upon by a growing number of practitioners and researchers, is a relevant framework to re-conceptualise the issue of climate finance

Expenditure elasticity and income elasticity of GHG emissions: A survey of literature on household carbon footprint

2021
Authors :
Antonin Pottier

The article examines the relationship between a household's income and its carbon emissions (the carbon footprint). It is found that, generally, the carbon footprint grows less rapidly than expenditure, and confirms that the income elasticity is lower than the expenditure elasticity

Exploring nonlinearity on the CO emissions, economic production and energy use nexus: A causal discovery approach

2021
Authors :
Peter Martey-Addo, Christelle Manibialoa, and Florent Mc Isaac

We examine the interactions between growth in CO2 emissions, economic production, and energy use at the global and multi-regional levels over the period 1990–2014. Among our findings, our results suggest that policy effectiveness could be gained if a country’s climate actions were coordinated with the other geographies most affected by their consequences, providing valuable...

Testing Goodwin with a stochastic differential approach—The United States (1948–2019)

2021
Authors :
Florent Mc Isaac

This paper follows Harvie and Grasselli and Maheshwari's research program in testing both Goodwin's predator–prey model and the extension proposed by van der Ploeg. The aim of this paper is to provide a guideline for the bloc estimation and the backtesting strategy that can be applied to such a class of continuous-time non-linear macroeconomic...

It takes two to dance: Institutional dynamics and climate-related financial policies

2021
Authors :
Moritz Baer, Emanuele Campiglio, JérômeDeyris

This article studies how institutional dynamics might affect and be affected by the implementation of climate-related financial policies.

Better safe than sorry: macroprudential policy, Covid 19 and climate change

2021
Authors :
Gaëtan Le Quang, Laurence Scialom

This article point out why current banking regulation is not adequate to face risks whose origin is grounded outside financial markets and offer avenues for reforming macroprudential regulation.

La finance durable : Où en est la recherche académique ?

2021
Authors :
Caroline Granier et Sandra Rigot

L'objectif de cet article est de faire un état des lieux des travaux sur la finance durable à travers une analyse bibliométrique de la base de données WoS entre 1981 et 2018.

Higher cost of finance exacerbates a climate investment trap in developing economies

2021
Authors :
Nadia Ameli, Olivier Dessens, Matthew Winning, Jennifer Cronin, Hugues Chenet, Paul Drummond, Alvaro Calzadilla, Gabrial Anandarajah and Michael Grubb

Finance is vital for the green energy transition, but access to low cost finance is uneven as the cost of capital differs substantially between regions. This study shows how modelled decarbonisation pathways for developing economies are disproportionately impacted by different weighted average cost of capital (WACC) assumptions.