Green Finance Research Advances

Conferences - By : Benoît LEGUET / Morgane NICOL / Michel CARDONA

 

The objective of the day was to bring together academics, finance practitioners and regulators to discuss together the recent research advances in the field of modelling climate-related financial risks, provide a better understanding of the role of central banks in addressing these risks, and formulate the relevant research agenda for the years to come.

 

A joint one-day international research conference co-organized by Banque de France, Institut Louis Bachelier, I4CE and Finance for Tomorrow.

 

 

Program

9.00-9.10 Opening/introduction

  • Opening by host : Ivan Odonnat, Deputy General  Director – Financial Stability and Operations, Banque de France
  • Research for finance advance, Pierre Ducret, I4CE / Finance for Tomorrow

 

9.10-9.25 The Green & Sustainable Finance Program emergence

  • Peter Tankov, ENSAE ParisTech, Paris-Saclay University, Institut Louis Bachelier
  • Stéphane Voisin, Université Paris-Dauphine, Institut Louis Bachelier

 

9.30-10.10 Climate change research and economic research

  • Valérie Masson-Delmotte, CEA-LSCE – the new IPCC 1.5°C report
  • Céline Guivarch, CIRED, « the use of socio-economic scenarios in the field of climate change »

 

10.30-12.00 SESSION 1: Panel

How Academic Research Can Help Central Banks Contribute to the Transition?

  • Moderator: Benoît Leguet, Managing Director, I4CE
  • Speakers :
    • Morgan Després, NGFS Secretariat
    • Hubert Kempf, ENS Paris-Saclay
    • Josh Ryan-Collins, UCL, Institute for Innovation and Public Purpose
    • Dirk Schoenmaker, Bruegel, Erasmus University Rotterdam
    • Matthew Scott, Bank of England, Former Head of Climate Hub

 

13.15-14.30 SESSION 2Macro Models and Public Policy

  • Moderator: Laurent Clerc, Director, Studies and Risk Analysis Directorate, ACPR, French Supervision Authority
  • Speakers :
    • Ben Caldecott, University of Oxford, Director of Sustainable Finance Programme
      « Empirical calibration of climate policy using corporate solvency: a case study of the UK’s carbon price support. », paper co-written with Gerard Dericks
    • Marco Raberto, University of Genoa
      The EIRIN flow-of-funds behavioural model of green fiscal policies and green sovereign bonds, paper co-written with Irene Monasterolo.

 

14.30-15.00 Young Researcher Scholarship for Green Finance Award

  • by Sylvie Goulard, Deputy Governor, Banque de France
  • with members of the selection committee : Dirk Schoenmaker, Patricia Crifo, Christian Gollier, Ben Caldecott, Peter Tankov and Stefano Battiston.

 

15.15-16.30 SESSION 3Climate-related risks and public policy

  • Moderator: Eric Dugelay, Deloitte
  • Speakers :
  • Stefano Battiston, University of Zurich
    “Vulnerable yet relevant: the two dimensions of climate-related financial disclosure”,
  • co-written with I. Monasterolo, AC Janetos & Z. Zheng. 2017.
  • Antoine Godin, French Agency for Development (AFD), Senior Economist.
    « Networks of stranded assets: A case for a balance sheet approach » (2017), co-written with Emanuele Campiglio and Eric Kemp-Benedict.

 

16.30-16.40 Concluding remarks

Jean-Michel BEACCO, CEO at Institut Louis Bachelier.

27 Nov 2018

Green Finance Research Advances

I4CE Contacts
Benoît LEGUET
Benoît LEGUET
Managing Director Email
Michel CARDONA
Michel CARDONA
Senior associate Expert – Financial Sector, Risks and Climate Change Email
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