Publications of the Chair

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.

A Bibliometric Analysis of Research on Renewable Energy Crowdfunding : An Assessment and Policy Proposals

2021
Authors :
Sandra Rigot, Cécile Cézanne, Laurence Saglietto

This paper tries to fill this gap of research on the significance and evolution of renewable energy crowdfunding by providing a bibliometric analysis of academic work on renewable energy crowdfunding.

Finance, climate-change and radical uncertainty: Towards a precautionary approach to financial policy

2021
Authors :
Hugues Chenet, Josh Ryan-Collins, Frank van Lerven

The article presents a ‘precautionary’ financial policy approach to deal with Climate-related financial risks instead of the current framework which largely focuses on market-based solutions

Energy efficiency and economy-wide rebound effects: A review of the evidence and its implications

2021
Authors :
Paul E. Brockway, Steve Sorrell, Gregor Semieniuk, Matthew Kuperus Heun, Victor Court,

This paper explores in which proportion the economy-wide rebound could erode expected energy savings from improved energy efficiency.

Economic impacts of a glacial period: a thought experiment to assess the disconnect between econometrics and climate sciences

2020
Authors :
Gaël Giraud, Marie-Noëlle Woillez, and Antoine Godin

After discussing the weaknesses of the aggregated statistical approach to estimate economic damage, we conclude that, if these functions cannot reasonably be trusted for such a large cooling, they should not be considered to provide relevant information on potential damage in the case of a warming of similar magnitude, as projected in the case...

COVID-19 and Climate Change: Should Governments Tie Corporate Bailouts to Environmental Efforts or Strengthen Current Environmental Policies?

2020
Authors :
Julie Ing, Jean-Philippe Nicolaï

This article examines the merits of making aid conditional on environmental efforts.

Corporate environmental reporting: Are French firms compliant with the Task Force on Climate Financial Disclosures’ recommendations?

2020
Authors :
Samira Demaria et Sandra Rigot

This article aims to analyse the compliance of CAC 40 firms with the recommendations of the Task Force on Climate‐related Financial Disclosures.

The different types of renewable energy finance: A Bibliometric analysis

2020
Authors :
Luc Elie, Caroline Granier, Sandra Rigot

This article conducts a bibliometric analysis of the academic publications on the financing of renewable energies referenced in Web of Science up to June 2018. Our analysis reveals 11 main clusters. We highlight the fact that a majority of the sample focuses on market-based policy instruments used to support renewable energy development.