Research Fellows

10th International Conference on Mobility Challenges

The Chairs Armand Peugeot, Energy and Prosperity, and Climate Economics are organizing, on December 6th an 7th, 2023, the 10th edition of the annual international Conference on Mobility Challenges.

Green industrial policy, information asymmetry, and repayable advance

Guy MeunierJean-Pierre PonssardPublicationsPublicationsResearch areaResearch FellowsSectoral PoliciesComments Off on Green industrial policy, information asymmetry, and repayable advance

Recent recovery plans, associated with the COVID‐19 pandemic and the energy transition, increased the funding available to finance innovative low‐carbon projects and called for an economic evaluation of their allocation. This paper analyzes the potential benefit of using repayable advance: a lump‐sum payment to finance the project that is paid back in case of success.

What are the Drivers of Corporates’ climate transparency? Evidence from the S&P 1200 Index

Climate transparency through firms' disclosures is often considered a prerequisite for the redirection of investments toward low-carbon economy. In order to provide effective incentives to improve this transparency, it is therefore crucial to identify its drivers.

Climate policy, Bioenergy and Land-use

Access to EnergyGuy MeunierResearch areaResearch FellowsComments Off on Climate policy, Bioenergy and Land-use

The workshop aims to identify the key uncertainties and debates regarding the role of bioenergy in a climate neutral economy, at national and global scales, and the challenges for the design of climate policies.

Do French firms follow a transparent or climate-friendly path?

Our analysis of the Climate Risks and Opportunities Index (CRORI) and the CDP climate score reveal a parallel improvement of these indices with different sectoral disparities over the 2015–2019 period. While our results are encouraging, they need to be put into perspective because these firms are still far from being carbon neutral.

La question de l’(in)efficience des marchés financiers face à la transition écologique

Le vendredi 23 juin 2023, la Chaire Énergie et Prospérité organisait un séminaire consacré au thème de l’(in)efficience, des marchés financiers face à la transition écologique, dans ses dimensions informationnelle et allocationnelle.

Mineral Resources and the Salience of Ethnic Identities

Access to EnergyMathieu CouttenierPublicationsResearch areaResearch FellowsWorking papersComments Off on Mineral Resources and the Salience of Ethnic Identities

Our findings suggest a new dimension of the natural resource curse: the fragmentation of identities, between ethnic groups and nations.

The design flaw in Sustainability-Linked Bonds

We examine in this paper sustainability-linked bonds (SLBs) whose issuance now totals more than USD 200 bn. There is a structural design flaw in the SLB mechanism: setting a significant coupon step-up does not suit the issuer’s nor the investors’ interests, considering conditionality. This creates a no win situation for the issuer and investors alike and explains the “benign” use of SLBs by current market participants.

La transition écologique mérite un nouveau contrat social

Emmanuel CombetMacro-economical and societal challengesPolicy papersPublicationsResearch FellowsComments Off on La transition écologique mérite un nouveau contrat social

L’Europe subit depuis 2021 des chocs douloureux sur les prix des énergies qui résultent du cumul de plusieurs facteurs. Ce contexte d’énergie rare et chère est douloureux, mais il donne un signal politique et économique fort : il souligne l’importance de diversifier les approvisionnements pour assurer notre sécurité énergétique et l’intérêt d’une sobriété pour réduire nos besoins. 

Crop prices and deforestation in the tropics

Understanding the mechanisms of deforestation is necessary in order to slow or arrest its progress. To accomplish this requires rigorously estimating the demand for deforestation. We contribute to this endeavor by estimating the effect of crop prices on the demand for conversion of land from forest to agriculture in the tropics during the 21st century.