Publications of the Chair

Green bond: the emperor wears no clothes

2021
Authors :
Ivar Ekeland, Julien Lefournier

This article demonstrates that the green bond cannot constitute an incentive to carry out a green project.

From words to deeds? Climate change and the European Central Bank

2021
Authors :
Jérôme Deyris, Tanguy Bonnet

Using textual analysis methods, we study how the topic of climate change has appeared and evolved in the speeches of the ECB's Executive Board members since 1997.

Why finance professionals hold green and brown assets? A lab-in-the-field experiment

2021
Authors :
Adrien Nguyen-Huu, Sébastien Duchêne, Dimitri Dubois, Marc Willinger

We assess the impact of environmental externalities on portfolio decisions in a lab-inthe-field experiment on finance professionals and students. Subjects show pro-environmental preferences, with...  

A practical approach for curbing congestion and air pollution: Driving restrictions with toll and vintage exemptions

2021
Authors :
Leonardo Basso, Juan-Pablo Montero, and Felipe Sepulveda

Article published in Transportation Research Part A: Policy and Practice Congestion and local air pollution continue to be a serious problem in many cities around...  

Who emits CO2? Landscape of ecological inequalities in France from a critical perspective

2021
Authors :
Antonin Pottier, Emmanuel Combet, Jean-Michel Cayla, Simona de Lauretis, and Franck Nadaud

This article provides a panorama of greenhouse gas (GHG) emission inequalities between French households. It presents in a detailed and critical manner the methodological...  

Relocation in presence of polluting and heterogeneous technologies

2020
Authors :
Julie Ing and Jean-Philippe Nicolaï

This paper demonstrates that the offshoring of a dirty firm as compared to the offshoring of a clean firm is worse for the environment, better for northern consumers, and better for the domestic profits. The results are reversed in case of reshoring.

Showing off cleaner hands: mandatory climate-related disclosure by financial institutions and the financing of fossil energy

2021
Authors :
Jean-Stéphane Mésonnier and Benoît Nguyen

We investigate the real effects of mandatory climate-related disclosure by financial institutions on the funding of carbon-intensive industries.

How can strategy reformulation and CSR initiatives converge? The case of BOP

2020
Authors :
Thomas André, Nicolas Mottis, Jean-Pierre Ponssard

This paper investigates a case in which, on paper, the green lights were everywhere. Yet after more than 10 years of existence, the program remains in a stalemate status.The paper identifies three main organiszational barriers.

Designing conditional schemes for green industrial policy under different information structures

2020
Authors :
Guy Meunier and Jean-Pierre Ponssard

We assume that a project requires an initial outlay and may either succeed or fail. The probability of success depends on its type and...  

Behavioural perspectives for post-pandemic environmental policy

2020
Authors :
Guy Meunier and Ingmar Schumacher

In this article we use the recent Covid-19 crisis to investigate what motivates individuals in their decisions to deal with two externalities, namely disease transmission, in particular social distancing, and the willingness to undertake green expenditure.