Louise KESSLER, PhDProgram Director - Economics
Louise joined I4CE in 2020; she oversees the Economics program, which aims to contribute to the debate on the economic instruments and public policies which can be mobilized to trigger the necessary investments for the low-carbon transition.
Before joining I4CE, Louise spent two and a half years at the economics consultancy Vivid Economics, where she managed projects for government institutions and international organizations on issues related to climate policies, the energy transition, innovative financing mechanisms for adaptation and biodiversity. Before that, she spent a couple of years in the Natural Resources Mergers & Acquisitions team at Macquarie in London, and in the Investments team at CDC Climat.
Louise is a graduate of HEC Paris; she also holds a Research Master in Economics of Sustainable Development, Environment and Energy (EDDEE) delivered by Mines ParisTech, and a PhD in Environmental Economics delivered by the London School of Economics (LSE). Her PhD research focused on the economic implications of climate change uncertainties.
Foreword of the week
COP27: the importance of national financing strategies for the transitionThis year again, expectations for the COP are high regarding developed countries’ commitments towards the funding of action against climate change and its impacts. The question of loss and damage, which pertains to questions of climate justice and of who should pay for the significant impacts of climate change endured by the poorest countries, has just been added to the official COP agenda. And climate finance will again be a hot topic: the pledge made back in 2009 by rich nations to channel US$100bn every year by 2020 to help less wealthy nations mitigate the rise in temperatures and adapt to climate change is still falling short of targets.
The economic implications of the transition to a low-carbon and resilient economy: an LTS dashboard for Finance MinistersLong term national climate strategies, such as Long-Term Strategies (LTS) published to the UNFCCC, are key documents developed by governments to envision the transition to a low-carbon and climate resilient economy at the 2050 (or later) time-horizon. As of the beginning of COP 27 in Sharm-el-Sheikh, Egypt, on November 2022, 55 countries had submitted an LTS to the UNFCCC, answering renewed calls for countries to develop such strategies at COP 26. It is expected that additional LTS will be published shortly.
The latest data on fossil and clean energy finance from Multilateral Development BanksYesterday sees the release of the data on project financing from the nine major Multilateral Development Banks on the Energy Policy Tracker – of which I4CE is partner – and a new Big Shift Global briefing, showing that, since the beginning of the pandemic, the Banks provided at least $12 billion to clean energy and $3 billion for fossil fuels.
Climate chapter of the French recovery plan: Off to a good start but let’s see where it landsThe French government has just officially unveiled the content of its €100 billion recovery plan, part of which is dedicated to the fight against climate change.
France: €18bn for fossil fuels energy since the beginning of the crisisAn international consortium of 14 expert organisations, including I4CE, has launched the "Energy Policy Tracker" website to track Covid-19 recovery packages from a climate and energy perspective. Initial results show that until now, G20 countries have granted much more aid to fossil fuels than to clean energies. What about France? Louise Kessler, Director of I4CE's Economics Programme, looks back at the government policies already adopted in France as well as those that are still at the announcement stage.