Chaire Economie du Climat

Friday Lunch Meeting, Mohamed Akli Achabou et Sihem Dekhili, 30th of november 2018
2018-11-30 11:30 - 13:00 UTC
Mohamed Akli Achabou (Research Professor in Strategy at IPAG Business School ) & Sihem Dekhili (Professor of Marketing at the University of Strasbourg – EM business school) will lecture about the paradox between luxury and sustainable development.

Abstract

Although a real “era of sustainable development” seems to prevail in Western societies, not all categories of products / services are necessarily concerned. This is particularly the case of the luxury sector, whose universe seems remote from that of sustainable development. Our various studies show that engaging in an eco-responsible approach does not allow luxury companies to promote their offers in the eyes of consumers, and may even pose a risk to the perception that they may have of the quality of their products. ecological luxury. In this sense, examining the sources of dissonance between luxury and sustainable development is an interesting avenue to explore. The results of our research on the subject make it possible to group them around three aspects: the dimensions of the concept (sharing, quality, rationality, altruism), the environmental aspect (preservation of the resources), and the social aspect (social equality, justice in the level of employment, animal welfare). Our results also make it possible to specify the ways of reducing dissonance adopted by consumers, and then to propose recommendations to companies.

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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)

Friday Lunch Meeting, Stéphane Gloriant, 11th of january 2019
2019-01-11 11:30 - 13:00
Stéphane Gloriant (Researcher “Macroeconomic modeling of green growth” at the Ministry of Ecological and Solidarity Transition)will lecture about “A quantified assessment of the French carbon tax”.

Abstract

Called the “climate-energy contribution”, the carbon tax was introduced in France in 2014 to price energy-related CO2 emissions not covered by the European emissions trading system. Its acceleration should accelerate, at least as far as the rate is concerned, calling for a first assessment of its actual effects. This is what this Information & Debates proposes, concentrating the evaluation on the sectors most concerned. Evaluating the impact of the tax is not just about comparing emissions before and after coming into force. This requires comparing the emissions observed over the period with the evolution of a “counterfactual” scenario representing the hypothetical trajectory that emissions would have followed in its absence.

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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)

Friday Lunch Meeting, Yves Marignac, 18th of January
2019-01-18 11:30 - 13:00
Yves Marignac (Spokesperson and delegate for the prospective analysis at the negaWatt association) will present the synthesis of the negaWatt 2017-2050 scenario (to be consulted here).
summary The negaWatt scenario is a forward-looking exercise that precisely describes the possible trajectory to reduce our greenhouse gas (GHG) emissions by a factor of 4 and get rid of our dependence on fossil fuels by 2050. The new Negawatt Association’s scenario confirms that the “100% renewable” is possible from 2050.

Abstract

The negaWatt scenario is a forward-looking exercise that precisely describes the possible trajectory to reduce our greenhouse gas (GHG) emissions by a factor of 4 and get rid of our dependence on fossil fuels by 2050. The new Negawatt Association’s scenario confirms that the “100% renewable” is possible from 2050.

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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)

Universal Access to Energy - Back to the professional breakfast
2019-01-25 07:30 - 09:00 | Schneider Electric
On January 25th, 2019, the Climate Economics Chair and the Energy and Prosperity Chair organised a thematic breakfast at Schneider Electric to launch their research programme on access to energy. After an overview of the main issues related to electrification in emerging countries, the researchers of the Chairs presented their current and future work on these topics.
The welcome was provided by Gilles Vermot Desroches (Director of Sustainable Development at Schneider Electric), followed by interventions from Anna Creti and Jean-Pierre-Ponsard, then works presentations by Arthur Contejean and Ahmed Tritah, and at the end a discussion on priority research issues.
Access the presentation

Friday Lunch Meeting, Thomas Douenne, 25th of january 2019
2019-01-25 11:30 - 13:00
Thomas Douenne (Doctorant à Paris School of Economics / Université Paris 1 Panthéon-Sorbonne) will lecture about his paper The vertical and horizontal distributive effects of energy taxes: A case study of a French policy.

Abstract

This paper proposes a micro-simulation assessment of the distributional impacts of the French carbon tax. It shows that the policy is regressive, but could be made progressive by redistributing the revenue through a flat-recycling. However, it would still generate large horizontal distributive effects and harm an important share of low-income households. The determinants of the tax incidence are characterized precisely, and alternative targeted transfers are simulated on this basis. The paper shows that given the importance of unobserved heterogeneity in the determinants of energy consumption, horizontal distributive effects are much more difficult to tackle than vertical ones.

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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)

Friday Lunch Meeting, Clément Bonnet, 1st of February
2019-02-01 11:30 - 13:00
Clément Bonnet (researcher in environmental economics and energy at IFP Energie Nouvelles) will present his article “Copper at the crossroads: Assessing the impact of low-carbon energy transition on a non-ferrous and structural metal”.

Abstract

The objective of this article is to evaluate the impact of the energy transition on the copper sector. It aims to establish to what extent the available quantity of copper and the development of the industry can be a risk factor for the low-carbon transition. The starting point of this analysis is the following observation: at service rendered equivalent low-carbon technologies consume more copper than conventional technologies. In view of the magnitude of the technological changes in the transport and electricity production sectors that the energy transition requires, the analysis conducted in this article focuses on these two sectors. The research question aims to know the quantity of copper consumed by 2050 due to the decarbonisation of the transport and electricity production sectors. On the basis of this result, we assess the impact on copper resources of two public policy options. The first is that of a gentler mobility. We compare a “high mobility” scenario to a “low mobility” scenario. These two scenarios are distinguished by the assumptions made on urban sprawl, the nature of urban coverage and the levels of demand for different types of vehicles according to their technical and environmental characteristics. The second public policy option evaluated is the development of the copper recycling sector. To do this, we quantify the impact of recycling on the availability of copper and highlight the fact that recycling helps to reduce the pressure on the supply side and thus reduces the risk of production bottlenecks.

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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)

Friday Lunch Meeting, Olivier Massol, 22th of february 2019
2019-02-22 11:30 - 13:00
Olivier Massol (Professor at the Institut Français du Pétrole et Énergies Nouvelles (IFP Énergies Nouvelles)) will lecture about his paper Phasing out the U.S. Federal Helium Reserve: Policy insights from a world helium model (link here).

Slides’ presentation

Abstract

This paper develops a detailed partial equilibrium model of the global helium market to study the effects of the recently decided rapid phase out of the U.S. Federal Helium Reserve (FHR), a vast strategic stockpile accumulated during the 1960s. The model incorporates a detailed representation of that industry and treats both helium producers and the FHR as players in a dynamic non-cooperative game. The goal of each player is assumed to be the maximization of discounted profit, subject to technical and resource constraints. We consider two alternative policies aimed at organizing the phase out of the FHR: the currently implemented one and a less stringent one whereby the FHR would be allowed to operate as a profit-maximizing agent during an extended period of time. Evidences gained from a series of market simulations indicate that, compared to the current policy, a less stringent policy mandate systematically increases the financial return to the U.S. federal budget, always enhances environmental outcomes as it lowers helium venting into the atmosphere, and also augments global welfare in three out of the four scenarios considered in the paper.

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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)

[🇫🇷] 50 ans de Dauphine - Conférence : La neutralité carbone à quel horizon ?
2019-03-14 13:00 - 16:45 | Université Paris Dauphine
Jeudi 14 mars de 14h00 à 17h45 – Université Paris- Dauphine – Salle Raymond ARON
#50ans #makeourfuturehappen #ObjectifBasCarbone
INSCRIPTION
Malgré les alertes de la communauté scientifique, de multiples inerties persistent qui freinent la mise en mouvement des sociétés.
Comment faire passer les bons messages sur le climat ? Agiter la catastrophe qui vient, au risque de paralyser l’action ? Vanter les bénéfices d’une société neutre en carbone qui parviendrait à enrayer le réchauffement ?
Ces questions ne concernent pas que les spécialistes, mais tous les citoyens et l’ensemble de notre communauté dauphinoise.
Dans le cadre des 50 ans de Dauphine, la Chaire Economie du Climat et l’équipe de la Responsabilité Sociale de l’université (RSU) vous proposent de venir débattre de ces questions, lors de deux sessions interactives :
PROGRAMME
14h-14h10 Introduction : Jean Jouzel (Président du conseil d’orientation de la Chaire)
Session 1 animée par Anna Creti, Directrice scientifique de la Chaire :
Les messages du GIEC : quels impacts sur la société ?
14h10 – 14h45 : dialogue avec Valérie Masson Delmotte (IPSL-GIEC) : l’état des connaissances scientifiques et leurs impacts sur la société (Questions/Réponses avec des Dauphinois)
14h45 – 15h 45 : Table ronde « d’experts » : le rôle de l’expertise dans la transition bas carbone
Amy Dahan (CNRS)
Thomas Sterner (University of Gothenburg)
15h45 – 16h10 : Pause
Session 2 animée par Christian de Perthuis, Fondateur de la Chaire :
Au-delà de l’expertise, comment communiquer pour mieux agir ?
16h10 – 17h00 : Table ronde des grands témoins
Catherine Chabaud, journaliste/navigatrice
Isabelle Delannoy, Dirigeante fondatrice DO Green
Erik Orsenna, écrivain
17h00 – 17h30 : interactions avec les Dauphinois et la salle
Conclusion de la conférence :
17h30 Isabelle Huault Présidente de Dauphine
Inauguration de l’exposition de photos sur les impacts du changement climatique préparée par Stéphanie Monjon en collaboration avec le National Geographic.

Friday Lunch Meeting, Philippe Zaouati, 15th of March 2019
2019-03-15 11:30 - 13:00
Philippe Zaouati President of Finance for Tomorrow and Managing Director of Mirova, presents his report Canfin-Zaouati: a French-style green Juncker plan written with Pascal Canfin, Executive Director of WWF France.
Link to the document: https://financefortomorrow.com/2018/12/18/rapport-canfin-zaouati/

Abstract

During the summer of 2018, Nicolas HULOT, Minister of Ecological and Solidarity Transition, and Bruno LE MAIRE, Minister of Economy and Finance, entrusted Pascal CANFIN, former Minister of Development and Director of the Foundation WWF France, and Philippe ZAOUATI, President of Finance for Tomorrow and General Manager Mirova, producing a report to study the usefulness of risk-sharing financial instruments in the context of financing the French transition to the carbon neutrality, in connection with the reflections led around the Climate Finance Day of November 2018.
For a successful transition, the challenge is “to invest more, but more importantly to invest better”. Since public funding alone is not enough to meet this challenge, the challenge for public action is to bring about a massive reorientation of private flows. In addition to proposals to change the regulatory or fiscal framework, the government is interested in the role that innovative financial risk-sharing mechanisms could play in maximizing the leverage effect of public funds.
In this context, the mission aims to produce recommendations for the implementation of financial instruments in which public money is used as a risk-sharing tool, in order to increase the involvement of private investors in the financing of transition sectors facing an investment deficit such as their development remains insufficient to meet public policy objectives.
From this roadmap, this report:
 examines issues related to the use of public financial instruments for TE (I)
 establishes an overview of financial instruments developed at French and European level (II)
 assesses the extent to which they could respond to under-investment situations in certain critical sectors in France in order to succeed in their TE (III)
 formulates concrete observations and recommendations to begin the transition to the scale of the French TE through the use of risk-sharing financial instruments (synthesis and recommendations).
The report takes into account, in its recommendations for the use of financial instruments, comprehensive public risk management policies that are or could be deployed (regulation, taxation, support to the structuring of value chains, etc.), accounting and budgetary issues, the need to better mobilize existing programs, particularly at European level, while limiting the risks of moral hazard.

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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)

Friday Lunch Meeting, Pierre-Alain Jayet, 22th of March 2019
2019-03-22 11:30 - 13:00
Pierre-Alain Jayet (INRA) presents «Revising the hierarchy of geographical impacts in response to climate change and water prices: a prospective approach to French agriculture»

Abstract

Pressures on resources and climate change are likely to strongly impact the availability of water. Agricultural systems are directly affected by the scarcity of water for irrigation. To estimate these impacts, we develop a prospective approach combining an agro-economic model and a crop model. Applied to a large part of the French agricultural sector, this work extends previous analyses in which water was excluded from the core of the analysis. Three contrasting climate scenarios were used over the long-term period 2010-2100. Results indicate that potential change in water demand would differ strongly according to the region concerned and the scenario applied. In France as a whole, irrigation increases in all scenarios. The largest increase, of 60% under the intermediate scenario, and significant increases, of 40% under the smoothest scenario and of 20% under the toughest scenario, occur between 2010 and 2100. Differentiating the northern and southern regions, the relative increase is more marked in the north, while southern demand significantly increases under the intermediate scenario and decreases under the toughest scenario. When considering autonomous adaptation of farming systems to climate change, agricultural income in northern regions is likely to be negatively affected to a greater extent than in southern regions.

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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)

Conference : Emissions Trading: Which Way Forward?
2019-03-28 07:00 - 15:30 | Université Paris Dauphine
The Climate Economics Chair (CEC), the Postdam Institute for Climate Impact Research (PIK) and the Mercator Research Institute on Global Commons and Climate Change (MCC) are co-organizing a Conference : Emissions Trading: Which Way Forward?
on Thursday, March 28th at Paris Dauphine-University from 8:00 am to 4:30 pm.
Please consult this link for all information (program, registration…)

Friday Lunch Meeting, Fabien Roques, 19th of April 2019
2019-04-19 10:30 - 12:00
Speaker

Fabien Roques, Associate Professor at Paris-Dauphine University

Title

A Climate and socio-economic study of a multi-member state carbon price floor to the power sector

Abstract

Our study shows the limitations of the recent ETS reform and the potential benefits from a Carbon Price Floor (CPF).

Objectives:
-Identify potential scenarios for a multi-country,regional carbon price floor (CPF) in Europe
-Provide a quantitative assessment of the impact of different CPF scenarios on the ETS and on renewable energy investment cases
-Model the impact on power sector decarbonisation – including on coal and gas generation, and on renewable energy investment cases

-Analyse some key socio-economic impacts including on consumer energy costs,Energy Intensive Industries and Government revenue.

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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)

[🇫🇷] Compte rendu du Petit Déjeuner Professionnel sur la nouvelle PPE du 26 avril 2019
2019-04-26 06:30 - 08:00
Lors d’un premier événement organisé en 2018, la Chaire Economie du Climat avait convié les principaux acteurs de la filière à partager leurs attentes vis-à-vis du débat public autour de la révision de la PPE. Un an après, la Chaire a organisé un second petit déjeuner visant à éclairer la cohérence du projet de nouvelle PPE publié en début d’année avec les objectifs de la transition énergétique en France.
La table ronde était animée par Jacques Percebois et Boris Solier autour de la question: Nouvelle PPE : quels impacts pour la transition énergétique et réunissait Christophe Beguinet (Syndicat CFDT), Laurent Joudon (Directeur d’études économiques, EDF), Marion Lettry (Déléguée générale adjointe, SER), Isabelle Muller (Déléguée générale, UFIP) et Stanislas Reizine (Sous-directeur du système électrique et ENR, DGEC).
[🇫🇷] Lire le compte rendu qui fournit une synthèse des points forts qui s’en sont dégagés

Friday Lunch Meeting, Alexis Tantet, 26th april 2019
2019-04-26 10:30 - 12:00
Speaker

Alexis Tantet, Postdoctoral fellow at the Dynamic Meteorology Laboratory of the Polytechnic School

Title

« Impact of climate variability on optimal wind-solar energy mixes – The Italian case »

Extract

We develop a renewable energy mix optimization program. The main novelty is to take into account and evaluate the impact of climate variability, from multi-decadal to hourly time scales, on the mix. This impact is resolved by plugging regional climate simulations over the 1989–2012 period into renewable energy production and demand models at regional scale. The optimal mix is then inferred from a mean-variance analysis with as objectives both to maximize the mean of the total renewable penetration and to minimize the variance, or risk, of the latter. We consider two cases: in the first one, the analysis takes cross-region correlations in the production and the demand into account. In the second one, synergies between regions are ignored. As a first case study, we apply the numerical model to Italy, a country with a relatively high share of renewables. We focus on the mix maximizing the ratio of the mean renewable penetration over the risk for the same renewable capacity as installed in 2015. Our main findings are that (i) the optimal technological and spatial capacity distribution — with about two thirds wind and one third solar — differs significantly from the actual mix (with a substantial overinvestment in photovoltaics); and (ii) ignoring the impact of interannual and intraday climate variability on the risk strongly impacts the optimal mix.

This study shows the importance of basing renewable energy development incentives on optimal strategies taking into account both the risk and the impact of climate variability on the latter.

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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)

Friday Lunch Meeting, Jacques de Gerlache, May 17th 2019
2019-05-17 10:30 - 12:00
Speaker

Jacques de Gerlache, Ecotoxicologist and Professor at the Paul-Lambin Institute (Brussels), Scientific Advisor to the Belgian Federal Council for Sustainable Development.

Book
Mettre en oeuvre les transitions énergétiques – Stratégie intégrative et gestion opérationnelle (Dunod Editions)

Abstract

Greenhouse gases, energy production (fossil, renewable, nuclear), transformation, transportation or storage: the challenges of global energy transitions are many and varied. So much so that policy makers, economists or business leaders often tend to consider them individually. This book proposes an integrative approach to these energy transitions, taking into account all the dimensions of these issues. After making an inventory of current energy issues, he explains how all these aspects are closely related and why treating them independently will only lead to inefficient solutions. It then synthesizes them into a global strategy and then proposes an operational methodology to implement action plans, whether at local, national or international level.

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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)

Friday Lunch Meeting, Marielle Brunette, May 24th 2019
2019-05-24 10:30 - 12:00
Speaker
Marielle Brunette, researcher at INRA and at the Office of Theoretical and Applied Economics (Nancy)
Article
Propensity and Intensity of Adaptation: The Role of Forester’s Preferences in Risk and Uncertainty (co-authored with M. Hanewinkel and R. Yousefpour, 2019)

Abstract
This paper studies the foresters’ risk and uncertainty preferences as a potential driver for adaptation decisions towards climate change. Adaptation decisions are analysed in terms of propensity to adapt and intensity of adaptation. We build a questionnaire in which we quantified risk and uncertainty preferences through lottery choices. We also ask questions about adaptation decisions, and about the characteristics of the forest and the forester. We show that French foresters are, on average, more risk and uncertainty averse than German ones. Our results also reveal that most of the foresters has already modified their management practices, in particular by increasing the species mix and assisting more the tree regeneration. When adaptation is not implemented, the main explanation is the lack of information. The forester who has the higher propensity to adapt is young, rich, with a low degree of risk aversion, and is German. The intensity of the adaptation is negatively influenced by risk aversion and being a French forester. Finally, uncertainty aversion has no significant impact neither on the propensity to adapt nor on the intensity of adaptation.

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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)

Friday Lunch Meeting, Madeline Werthschulte, June 21st 2019
2019-06-21 10:30 - 12:00
Speaker
Madeline Werthschult, MSC Research Assistant at the Chair of Microeconomics (WWU Munster) with a Focus on Energy and Resource Economics.
Article
Cost Misperceptions and Energy Consumption. Authors: Madeline Werthschulte and Andreas Löschel

Abstract
The aim of this study is to analyse the extent to which energy cost misperceptions can predict households’ energy consumption. The focus is on two sorts of misperceptions: first, uncertainty in energy prices and second, present biased discounting of future energy costs. By running an artefactual field experiment with a representative sample of 711 participants, we gather incentivized measures of these two misperceptions and observe participant’s revealed electricity consumption. Our main finding is that participants with present bias are predicted to consume on average 9% more electricity than participants with time-consistent discounting. Our results further suggest that neither the true marginal electricity price nor the expected marginal electricity price can predict electricity consumption. Taken together our results raise doubt in the effectiveness of classical price based policies.

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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)

Friday Lunch Meeting, Laurence Scialom, June 28th 2019
2019-06-28 10:30 - 12:00
Speaker
Laurence Scialom, University Professor at Paris Ouest Nanterre. Member of the Scientific Advisory Board of the French Prudential Supervisory and Resolution Authority (ACPR) and the Investor Advisory Committee of the Autorité des marchés financiers (AMF).
Title
La fascination de l’ogre – ou comment desserrer l’étau de la finance
Abstract
Finance today operates in a vacuum, serving above all its own interests. But banks are supposed to meet the needs of companies. To finance projects and manage risks: how could we forget the essential? Why do States so obediently serve the interests of the financial sector? Such questions escape democratic debate because the jargon that prevails in these environments makes them unintelligible to citizens. Laurence Scialom’s essay aims to demystify finance and allow independent reflection on these questions. It strengthens the self-defense capabilities of our economies in the face of often predatory finance: let’s stop feeding the ogre! By applying the reforms outlined in this book, we would be able to consider finance clearly and put it in its proper place.

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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)

Friday Lunch Meeting, Jonathan Wiener, July 12th 2019
2019-07-12 10:30 - 12:00
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).

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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)

Cancellation - Round table "Economics of Electricity" with Anna Creti and Fulvio Fontini - Friday, September 13th 2019
2019-09-13 14:30 - 16:30 | Université Paris Dauphine
Following the RATP strike announced on Friday September 13th, we regret to have to cancel the round table of Anna Creti and Fulvio Fontini which was scheduled to take place at the Paris-Dauphine University.
We will keep you informed as soon as possible of any possible postponement of dates.
For the release of the book Economics of Electricity. Markets, Competition and Rules Cambridge University Press from Anna Creti and Fulvio Fontini, the Climate Economics Chair is inviting you to assist at the round table organized on Friday, September 13th from 4.30pm to 6.30 pm with :

The authors : Anna Creti (Paris-Dauphine, CEC) and Fulvio Fontini (Università degli Studi di Padova, Italie)
Sylvie Aniel (Paris-Dauphine)
Claude Crampes (Toulouse School of Economics)
Patrice Geoffron (Paris-Dauphine)
Fabienne Salaun (EDF)

Université Paris-Dauphine – Salle A709
Free registration required – limited place –

Friday Lunch Meeting, Jean-Philippe Nicolai , September 20th 2019
2019-09-20 10:30 - 12:00
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.

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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)

Save the Date . CEC Annual Conference - Transition to a low-carbon economy - Friday, October 11th 2019
2019-10-11 06:45 - 15:00 | Université Paris Dauphine
CHECK THE CEC ANNUAL CONFERENCE SITE
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Friday Lunch Meeting, Etienne Espagne , October 18th 2019
2019-10-18 10:30 - 12:00
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.

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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)

Friday Lunch Meeting, Christian Gollier, November 15th 2019
2019-11-15 11:30 - 13:00
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)

Pricing Carbon: The Silver Bullet for the Energy Transition? IBERDROLA Manuel Marin Chair and Climate Economics Chair Conference– Bruges
2019-11-18 08:45 - 15:00 | Collège d’Europe, Bruges, Verversdijk, Bruges Campus, Bruges, 8000, Belgique
On 18 November 2019, the IBERDROLA Manuel Marín Chair for European Energy Policy of the Department for Political and Governance Studies (College of Europe) and the Climate Economics Chair (CEC, Paris-Dauphine University) will jointly organise a conference entitled Pricing Carbon: The Silver Bullet for the Energy Transition?
The conference will be introduced by prof. Dr. Béatrice Dumont (Head of Department of the Economics Department at the College of Europe), Prof. Dr. Dirk Buschle (Chairholder of the IBERDROLA Manuel Marín Chair for European Energy Policy) and Prof. Dr. Marc Baudry (Senior Research Fellow at the CEC and head of the Economics Department at Paris-Nanterre University).
College of Europe, Bruges
Program and Registration

[🇫🇷] Présentation du Petit Déjeuner Professionnel L’inventaire national des émissions de gaz à effet de serre du 22 novembre 2019
2019-11-22 07:30 - 09:00
Echange autour de Jérôme Boutang, Directeur Général du CITEPA* sur l’inventaire national des émissions de gaz à effet de serre
De plus en plus, les objectifs des politiques d’atténuation du changement climatique sont définis en termes de « neutralité carbone », une situation qui égalise les émissions brutes de gaz à effet de serre avec la capacité d’absorption du CO2 atmosphérique par les puits de carbone.
Ceci pose de multiples questions sur la métrique à utiliser pour rendre l’objectif opérationnel.
[🇫🇷] Retrouver la présentation
Qu’est-ce que le CITEPA ?*
Le CITEPA (Centre Interprofessionnel Technique d’Etudes de la Pollution Atmosphérique) est une association à but non lucratif. Il élabore, vérifie et diffuse de manière impartiale des informations relatives aux émissions de gaz à effet de serre (GES) et de polluants atmosphériques. La réalisation de l’inventaire national annuel des émissions de gaz à effet de serre et de polluants atmosphériques en France constitue l’activité de référence du CITEPA depuis plus de 20 ans. En tant que point focal sur les émissions françaises, le CITEPA se fonde sur des sources statistiques fiables, ainsi que sur des travaux d’experts dans tous les secteurs d’activité, pour estimer, compiler, synthétiser et diffuser des données, des analyses et des informations auprès des professionnels et des opérateurs publics et privés.

[🇫🇷] Retour sur la Table Ronde : Numérique et environnement : menace ou opportunité ?
2019-11-28 08:00 - 11:00
Ce 28 novembre, à l’aune de la COP 25, le Digital Society Forum (DSF) organisait un débat ouvert « Numérique et environnement : menace ou opportunité ? » en écho aux préoccupations croissantes des citoyens du monde. Les échanges de cette table ronde ont été menés par des chefs d’entreprise, économistes (dont Anna Creti), journalistes, enseignants, étudiants et blogueurs. Pour nous éclairer et nourrir nos idées, retour sur des points de vue marquants et des pistes de solution.
Voir article sur orange.com
Pour débattre sur le sujet, plusieurs intervenants au musée du quai Branly – Jacques Chirac à Paris
Animé par Ruth Elkrief, journaliste, le débat a réuni autour de Stéphane Richard, Président Directeur Général d’Orange :
Daniel Cohen, Economiste, professeur et directeur du département d’économie ENS
Anna Creti, Directrice et professeur titulaire de la chaire Economie du Climat à l’Université Paris Dauphine
Mathilde Imer, Co-présidente de Démocratie Ouverte et membre du Comité d’organisation de la Convention citoyenne pour le climat
Hervé Le Treut, Climatologue, Professeur à Sorbonne Université et à l’Ecole Polytechnique
Luis Neves, PDG de la Global Enabling Sustainability Initiative (GeSI)
Carlo Purassanta, Président de Microsoft France
Laëtitia Vasseur, Déléguée générale et co-fondatrice de l’association HOP
Le Prof. Jean-Paul Moatti, PDG de l’IRD et co-auteur du premier rapport des Nations Unies d’évaluation des ODD (GSDR 2019) – Angel Prieto, Membre du collectif Pour Un Réveil Écologique (PURE) et Eric Vidalenc, auteur de Pour une écologie numérique seront les grands témoins du débat

Friday Lunch Meeting, Edwin Zaccai, December 20th 2019
2019-12-20 11:30 - 13:00
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.

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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)

Friday Lunch Meeting, Olivier David Zerbib, January 17th 2020
2020-01-17 11:30 - 13:00
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.

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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)

Friday Lunch Meeting, Elisabetta Cornago, February 21st 2020
2020-02-21 11:30 - 13:00
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)
