Publications of the Chair

Over-allocation profits and competition issues in the steel industry

2023
Authors :
Maria-Eugenia Sanin, Sylvain Sourisseau

Sectors that are considered to be subject to international competition under the European Emission Trading Scheme (EU-ETS) still benefit from free allocation of European Allowances (EUAs). Herein we study one of those beneficiaries: the crude steel industry. Our findings suggest the EU-ETS has failed to provide incentives for decarbonization in this sector.

Access to electricity and children well-being: new evidence from Rwanda

2023
Authors :
Lucien Vignawou Ahouangbe, Ahmed Tritah

In this study, we analyse how access to electricity affects children’s well-being in Rwanda through the allocation of their time in the different activities of domestic production and their leisure time.

Too green to be true? Forging a climate consensus at the European Central Bank

2022
Authors :
Jérôme Deyris

In its 2021 strategy review, the European Central Bank's Governing Council unanimously decided to make climate change one of its priorities for the coming years. In this article, we try to understand how this change was achieved.

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Energy practices and population cohorts: the case of Mexico

2022
Authors :
Rossella Bardazzi, Maria Grazia Pazienza, Maria Eugenia Sanin

Developing countries are advancing towards universal energy access with high fertility rates and young population. Socio-demographic and economic evolutions will influence future energy consumption patterns. Herein, we use Mexico as a case study to estimate determinants of residential electricity consumption as well as the importance that a shift in generational preferences has on such...

Assessing the regional redistributive effect of renewable power production through a spot market algorithm simulator: the case of Italy

2022
Authors :
Silvia Concettini, Anna Creti, Stanislao Gualdi

We develop an algorithm called M.I.D.A.S. (Italian Day-Ahead Market Solver) that simulates by iterative splitting the hourly equilibrium (price-quantity) of the Italian day-ahead market taking into account all transmission constraints between zones and the import from neighbouring countries. The algorithm is employed to study the sensitivity of equilibria to changes in production from units employing variable renewable sources, notably...

Profitability and Revenue Uncertainty of Wind Farms in Western Europe in Present and Future Climate

2022
Authors :
Silvia Concettini, Bastien Alonzo, Anna Creti, Philippe Drobinski, Peter Tankov

Article published in Energies 2022, 15. Investments into wind generation may be hampered by revenues uncertainty caused by the natural variability of the resource, the...  

Biodiversity loss and climate change interactions: financial stability implications for central banks and financial supervisors

2022
Authors :
Katie Kedward, Josh Ryan-Collins, and Hugues Chenet

In this paper, we examine how central banks and financial supervisors are approaching the topic of BRFR in relation to climate-related financial risk. We argue that policymakers should focus upon the broader concept of systemic environmental-financial risks to account for the interactions and trade-offs between both domains of biodiversity and climate change.

Hotelling and Recycling

2022
Authors :
Bocar Samba Ba, Raphael Soubeyran

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.

 

What is Disappearing: Considerations about the Species, the Ecological Crisis and the Crisis in Culture

2022
Authors :
Hadrien Lantremange

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.

shaky foundations: central bank independence in the 21st century

2022
Authors :
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.   The growing gap between theory and practices makes plausible a further shift...