Research Fellows

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

PublicationsPublicationsResearch areaResearch FellowsSectoral PoliciesComments Off on Profitability and Revenue Uncertainty of Wind Farms in Western Europe in Present and Future Climate

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

Financial regulation and innovative financingHugues ChenetPublicationsPublicationsResearch areaResearch FellowsComments Off on Biodiversity loss and climate change interactions: financial stability implications for central banks and financial supervisors

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

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

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

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 of the institutional arrangement towards a democratization of monetary policy.

International Conference: Innovation and climate change governance

The objective of the conference was to improve our understanding of the interaction between climate and innovation policies in this multi-layer governance landscape by bringing together scholars in economics working on innovation policies, multilateral agreements, and sectoral climate policies.

Winners and Losers of the COVID-19 Pandemic: An Excess Profits Tax Proposal

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.

Credit Risk Sensitivity to Carbon Price

Based on the 2018 Intergovernmental Panel on Climate Change scenarios, this article studies the credit risk sensitivity of 795 international companies to carbon prices.

Enhancing financial transparency to mitigate climate change: Towards a Climate Risks and Opportunities Reporting Index

Using the IPCC (2018) medium (2024) and long-term (2060) scenarios, this study analyzes the credit risk sensitivity of 763 international companies.

Macro-dynamics of the energy transition : robustness, money velocity and public policies

Doctoral & master thesisMacro-economical and societal challengesPublicationsResearch areaResearch FellowsComments Off on Macro-dynamics of the energy transition : robustness, money velocity and public policies

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