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June 2020

WEBINAR Friday Lunch Meeting Research, Matthieu Glachant, june 19th 2020

19 June 2020

 

Speaker

Matthieu Glachant, Professor of economics, MINES Paristech, PSL Research University Director, CERNA – Centre for industrial economics

🇫🇷 Slides presentation and the article La rénovation thermique réduit-elle vraiment votre facture d’énergie ? in The Conversation

Title

What is the impact of energy renovation of housing on energy consumption? Ex post evaluation on panel data

 

Abstract
 
This article provides an ex post evaluation of the impact of energy renovation works in the residential sector on energy expenditure using data from the Energy Management survey carried out by TNS-SOFRES for the ADEME in 2000 to 2013. The model with fixed effects and instrumental variables identifies a very modest effect of the work since an additional € 1,000 spent leads to an average reduction in the annual energy bill of € 8.29 (or – 0.64%). Consequently, the discounted net profit from the renovation of an average dwelling is very negative. These results question the relevance of subsidies and public aid for renovation if they are motivated solely by energy savings.
 
 
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The Friday Lunch Meeting will be in french and will take place via the tool Zoom.

The link will be communicated once your complete registration

11 am – 12:30 pm

See the details of this event

May 2020

WEBINAR Friday Lunch Meeting Debate, Louis Boisgibault, may 15th 2020

15 May 2020

 

Speaker

Louis Boisgibault, CEO of Valmere and lecturer at HEC Paris

 

Titre 

Energy transition in metropolitan areas, rural areas and the desert

Authors : Louis Boisgibault & Fahad Al Kabbani

 

Abstract
 
Metropolis, rurality, desert: three types of space that require a differentiated approach for the energy transition. This book presents detailed field studies in Riyadh, Lille, Fayence, Bokhol, Ouarzazate and in the Arabian desert. It also analyzes local actions and good practices according to resources and constraints to remove the brakes on the energy transition. Solutions are sought by type of space for buildings, transportation, industry and services. Targets are set for the Europe, Middle East and Africa region, as part of the commitments of the Paris climate agreement. Educational, Energy transition in metropolises, rural areas and the desert is aimed at elected politicians, professionals and any public wishing to learn about changes in energy production and consumption patterns.
 
 
If you wish to receive invitations to the FLM, present your works or unsubscribe from the mailing list, do not hesitate to contact this address: flm@ChaireEconomieduClimat.org

 

The Friday Lunch Meeting will be in french and will take place via the tool Zoom.

The link will be communicated once your complete registration

11 am – 12:30 pm

You can watch The FLM via the tool Zoom here

See the details of this event

March 2020

Friday Lunch Meeting Research, Johanna Choumert-Nkolo, march 20th 2020

20 March 2020

We regret to announce the cancellation of the FLM research of March 20 with Johanna Choumert-Nkolo-Nkolo. The event is however postponed to a later date, we will keep you informed via our newsletter and on our website of the precise date as soon as possible.

Thank you for your understanding

 

 

 

 

 

Speaker

Johanna Choumert-Nkolo,Head of Research at EDI Global

 

Title 

Internal Migration and Energy Poverty in South Africa

Authors: Johanna Choumert-Nkolo and Leonard Le Roux (University of Cape Town)

 

Abstract
 
Despite recent progress, energy poverty remains pervasive is Sub-Saharan Africa. Rapid urbanization adds on a significant challenge to often under-capacitated local authorities that struggle to provide services to new urban dwellers. In the case of South Africa and other SSA countries, this has resulted in a proliferation of under-serviced informal urban settlements on the urban periphery, where a lack of energy access is compounded with a lack of access to other services and job-opportunities to result in sites of concentrated and multidimensional deprivation. As such, it is not immediately clear that rural-urban migration results in reductions in energy poverty for migrants. In this paper, we present the first analysis of the relationship between rural-urban migration and energy poverty in South Africa, and to our knowledge in Africa, using a nationally representative panel dataset. Using a difference in differences approach, we are able to follow the energy access of both migrants and non-migrants over a 10-year period. We find that rural-urban migration results in almost immediate reductions in energy poverty for migrants themselves, with especially dramatic reductions in the use of traditional cooking fuels. However, the additional gains that result from migration to informal urban settlements are modest, given the pace of change that is also taking place in rural areas in South Africa, especially in the case of grid access and access to electrical appliances. 
 
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Chaire Economie du Climat

Palais Brongniart, 28 Place de la bourse – 75 002 Paris

FLM- Salle du Séminaire – 4è étage (12.30 pm – 2 pm)

See the details of this event

February 2020

Friday Lunch Meeting, Elisabetta Cornago, February 21st 2020

21 February 2020

Speaker

Elisabetta Cornago, environmental economist at the OECD Environment Directorate.

 

Title 

Incentives to (not) disclose energy performance information in the housing market

Authors: Elisabetta Cornago and Luisa Dressler

While Elisabetta currently works at the OECD, this paper was developed with Luisa Dressler while at Université Libre de Bruxelles. The paper is unrelated to OECD work and does not present OECD positions on the topic.

Brief abstract
 
Disclosure of energy performance certificates (EPCs) is often incomplete, which hampers their effectiveness in relieving information asymmetries between landlords and tenants in the housing market. Even when a certificate is available, landlords do not always disclose it. This contradicts the unraveling result, according to which all landlords should disclose quality information unless it is costly to do so. We leverage a cross-sectional dataset of residential rental advertisements from the Belgian region of Brussels to empirically evaluate incentives to disclose an EPC. We find that two fundamental assumptions for the unraveling result are not confirmed in our setting: tenants value energy performance of rental property only when dwellings are of very high quality and do not appear to rationally adjust their expectations when faced with dwellings that withhold their EPC. The paper formulates specific policy advice for reforming EPC mechanisms to increase disclosure rates.
 
 
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Chaire Economie du Climat

Palais Brongniart, 28 Place de la bourse – 75 002 Paris

FLM- Salle du Séminaire – 4è étage (12.30 pm – 2 pm)

See the details of this event

January 2020

Friday Lunch Meeting, Olivier David Zerbib, January 17th 2020

17 January 2020

Speaker

Olivier David Zerbib – PhD student in finance at Tilburg University and ISFA

 

Title

 
A sustainable capital asset pricing model (S-CAPM): Evidence from green investing and sin stock exclusion
 
Abstract
 
I demonstrate how sustainable investing through exclusionary screening and environmental, social and governance (ESG) integration affects asset returns. I develop an asset pricing model with partial segmentation and disagreement among investors. I characterize two exclusion premia generalizing Merton’s (1987) premium on neglected stocks and a taste premium that disentangles the link between ESG and financial performance. By constructing an instrument that captures sustainable investors’ tastes for green firms, I estimate this model applied to green investing and sin stock exclusion using U.S. data between 2000 and 2018. The model outperforms the four-factor model, and yields a taste and an exclusion effect of 1.5% and 2.5% per year, respectively.
 
 
 
If you wish to receive invitations to FLMs, present your works or unsubscribe from the mailing list please feel free to contact this address: flm@ChaireEconomieduClimat.org

 

Chaire Economie du Climat

Palais Brongniart, 28 Place de la bourse – 75 002 Paris

FLM- Salle du Séminaire – 4è étage (12.30 pm – 2 pm)

See the details of this event

December 2019

Friday Lunch Meeting, Edwin Zaccai, December 20th 2019

20 December 2019

Speaker

Edwin Zaccai Professor at the Université Libre de Bruxelles and Director of the Center for Sustainable Development Studies (CESD)

 

Title

 
Book: Two Degrees – Societies Facing Climate Change
 

Discussants

Jean Baptiste Fressoz researcher at the CNRS at the Alexandre Koyré Center of the EHESS, author of “The Anthropocene Event: The Earth, History and Us”. Threshold, 2013.

Amy Dahan, CNRS research director, author of “Governing Climate, What Future Possible ?: Twenty Years of Negotiations.” Press Po Science, 2015.

Abstract
 
Two degrees, it seems little, but it’s huge. Earth’s temperature has already increased by one degree since pre-industrial times. Carbon emissions related to human activities are primarily responsible. Climatic upheavals are underway and their impacts will only get worse. It is almost certain that we will not hold the goal, solemnly endorsed by the world’s governments, of keeping global warming below 2 ° C. The reason for this incapacity lies in the triple dependence of our societies (technical, economic, cultural) on fossil energies, which constitute a base as diffuse as powerful. Science tells us that at this rate the worst is to be feared. But that does not induce an individual leak. We must, on the contrary, face collectively. Noting the current impossibility of radically changing our way of life and organization, this book nevertheless commits us to follow several realistic paths of adaptation and reform to prepare a less dark future.
 
 
 
If you wish to receive invitations to FLMs, present your works or unsubscribe from the mailing list please feel free to contact this address: flm@ChaireEconomieduClimat.org

 

Chaire Economie du Climat

Palais Brongniart, 28 Place de la bourse – 75 002 Paris

FLM- Salle du Séminaire – 4è étage (12.30 pm – 2 pm)

See the details of this event

November 2019

Friday Lunch Meeting, Christian Gollier, November 15th 2019

15 November 2019

Speaker

Christian Gollier,General Director of the Toulouse School of Economics and member of the scientific committee of the Climate Economics Chair

 

Title

 
The climate after the end of the month

 

Abstract
 
For a long time, the highly flammable illusion of a wonderful ecological transition that would create jobs and wealth for all, while restoring nature to its former glory, has long been sold to public opinion. This cave of Ali Baba does not exist. On the contrary, whatever we do, the fight for the climate is detrimental to purchasing power. It forces us to turn away in the medium term from this fossil energy that has made our fortunes for two centuries and to ask the developing countries to do the same. This war for climate can not be won without the mobilization of everyone. This requires applying the polluter-pays principle by imposing a universal carbon price reflecting the value of the damage it generates, even if it compensates for the poorest. But are the French ready to sacrifice a little of their welfare today to improve the well-being of others, even if this other is essentially not French, and it is probably not even not born yet? For most, here and elsewhere, the end of the month passes before the end of the world. This disturbing observation raises the question of our responsibilities towards humanity.
 
 
 
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Chaire Economie du Climat

Palais Brongniart, 28 Place de la bourse – 75 002 Paris

FLM- Salle du Séminaire – 4è étage (12.30 pm – 2 pm)

See the details of this event

October 2019

Friday Lunch Meeting, Etienne Espagne , October 18th 2019

18 October 2019

Speaker

Etienne Espagne,economist at the research department of the French Development Agency (AFD) and associate researcher at CERDI  

 

Title

 Impacts of Extreme Climate Events on Technical Efficiency in Vietnamese Rice Farming

Authors: Yoro Diallo (CERDI), Sébastien Marchand (CERDI) and Etienne Espagne (AFD and CERDI)

 

Abstract
 
The aim of this study is to examine farm household-level impacts of weather extreme events on Vietnamese rice technical efficiency. Vietnam is considered among the most vulnerable countries to climate change, and the Vietnamese economy is highly dependent on rice production that is strongly affected by climate change. A stochastic frontier analysis is applied with census panel data and weather data from 2010 to 2014 to estimate these impacts while controlling for both adaptation strategy and household characteristics. We find that weather shocks measured by the occurrence of floods, typhoons and droughts negatively affect technical efficiency. Also, additional days with a temperature above 31°C dampen technical efficiency and the negative effect is increasing with temperature. Also, this study combines estimated marginal effects of extreme temperature on technical efficiency with future climate scenarios (RCP 4.5 and 8.5) to project the potential impact of hot temperatures till the end of century on rice technical efficiency.
 
 
If you wish to receive invitations to FLMs, present your works or unsubscribe from the mailing list please feel free to contact this address: flm@ChaireEconomieduClimat.org

 

Chaire Economie du Climat

Palais Brongniart, 28 Place de la bourse – 75 002 Paris

FLM- Salle du Séminaire – 4è étage (12.30 pm – 2 pm)

See the details of this event

September 2019

Friday Lunch Meeting, Jean-Philippe Nicolai , September 20th 2019

20 September 2019

Speaker

Jean-Philippe Nicolai, Lecturer at Paris Nanterre University.

 

Title

Designing an EU Ship Recylcing Licence: A Roadmap

Authors: Jean-Philippe Nicolai et Caroline Devaux

 

Abstract
 
Faced with the widespread use of dismantling sites in Asia, whose processes present alarming health and
environmental issues, the European Commission has raised the question of implementing a financial mechanism to encourage
shipowners to use higher standards for ship recycling.
This mechanism would take the form of a recycling licence applicable to any vessel wanting to call at a port within EU territory, whether flying the flag of an EU Member State or of a third country.
The present paper aims to critically assess the main features of the EU’s proposed mechanism from a legal and economic
perspective and to examine the criticisms the mechanism has received to date. Our study shows that reform is desirable but
that the nature and success of the proposed licence remain uncertain, depending on whether the mechanism is able to provide
sufficient incentives. In this light, the paper makes several suggestions designed to improve the project’s economic and legal
viability. It also shows that such a project could speed up the entry into force of the Hong Kong Convention for the Safe and
Environmentally Sound Recycling of Ships adopted in May 2009, whose ratification process has been severely delayed.
 
 
If you wish to receive invitations to FLMs, present your works or unsubscribe from the mailing list please feel free to contact this address: flm@ChaireEconomieduClimat.org

 

Chaire Economie du Climat

Palais Brongniart, 28 Place de la bourse – 75 002 Paris

FLM- Salle du Séminaire – 4è étage (12.30 pm – 2 pm)

See the details of this event

July 2019

Friday Lunch Meeting, Jonathan Wiener, July 12th 2019

12 July 2019

Speaker

Jonathan Wiener, Professor of Law and Public and Environmental Policy at Duke University and Associate Researcher at Resources for the Future (RFF).

Title 

Climate Policy in the American Legal System

Brief abstract
 
In the United States, climate change policy may be shaped not only by the Congress and by executive agencies such as US EPA, but also by judicial decisions. This presentation will discuss the prospects for important cases unfolding in the American courts, notably the ‘Juliana’ case brought on behalf of children to press the US government to take more action on climate change, and the likely challenges to the new US EPA rules on greenhouse gas emissions from electric power (the new Trump Administration ACE rule to replace the Obama Administration CPP) and from vehicles (the Trump Administration SAFE rule to revise the Obama Administration CAFE rule).
 
 
If you wish to receive invitations to FLMs, present your works or unsubscribe from the mailing list please feel free to contact this address: flm@ChaireEconomieduClimat.org

 

Chaire Economie du Climat

Palais Brongniart, 28 Place de la bourse – 75 002 Paris

FLM- Salle du Séminaire – 4è étage (12.30 pm – 2 pm)

See the details of this event
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