Romain HUBERT
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Romain HUBERT

Project Manager - Finance, Investment and Climate

Romain works on integrating climate-related risks in the analysis and management of financial risks. His current research focus is on integrating physical climate risks in finance (ClimINVEST European project) and on the use of climate-related scenarios (Re-imagining Disclosure project).

 

Romain has also contributed to I4CE‘s initial work on transition risks in partnership with the French Agency for the Environment and Energy Management; to the first edition of the landscape of climate finance and to the OECD project on financing of low-carbon projects through public financial institutions in developed countries.

 

Before joining I4CE in 2013, he debuted in the United States then in France in a consulting firm on sustainable development issues. He is an Agricultural engineer graduated from AgroParisTech, Romain also holds a Master in Economics of Sustainable Development, Energy and Environment of the University Paris Ouest-AgroParisTech- Polytechnic School.

Team
Last contributions
  • 08/06/2022 Climate Report

    Scenario analysis of transition risk in finance – Towards strategic integration of deep uncertainty

    The restructuring of the economy towards a low-carbon system will lead to develop activities that are aligned with the needs of a net zero economy, to restructure others in order to make them compatible with these needs and to stop harmful activities. The financial sector needs to anticipate these dynamics to address strategic risks and […]
  • 14/02/2022 Blog post

    Finance: I4CE’s recommendations to the Basel Committee

    The Basel Committee is finally taking up climate issues! Founded in 1974, this forum which brings together the financial supervisors of the G20 countries and which provides the main guidelines for guaranteeing financial stability has been absent from climate issues since Donald Trump's mandate. It recently published a first consultative document on the principles of climate risk management and supervision. Julie Evain presents the recommendations addressed by I4CE to the Basel Committee.
  • 31/05/2021 Op-ed

    Op-ed | New climate-related disclosure requirements for French investors: achieving quality disclosure at last?

    The government has recently modified the environmental, social and governance disclosure obligations for French investors via the publication of an implementing decree which specifies regulator expectations. Romain Hubert of the Institute for Climate Economics explains why this decree was to be expected and necessary for climate reporting.
  • 20/05/2021 Climate Report

    Taking climate-related disclosure to the next level – minimum requirements for financial institutions

    In 2015, France pioneered requirements for climate-related disclosure from financial institutions, asking them to explain their strategy for integrating climate-related risks and for contributing to the achievement of the Paris Agreement objectives and the French national low-carbon strategy. Three years of implementation yielded mixed results and requirements are in the course of being updated in […]
  • 04/02/2021 Blog post

    Indeed, banks are able to manage physical climate risks

    Some of the heat waves and wildfires that were experienced in Europe and in the world in the summer of 2019 are symptoms of a climate that is already changing. These events may cause losses for banks and other financial institutions, which will therefore have to integrate climate change into their decisions. Regulators are also pushing in this direction.
  • 24/04/2020 Climate Report

    Scenario analysis of the issues of the low-carbon transition

    From implementation to disclosure by companies in the TCFD framework   The transition to a low-carbon economy represents risks and opportunities for companies. Indeed, far-reaching changes are expected in socio-economic systems, with uncertainties about their timing and magnitude, and their economic and financial consequences. In this context, forward-looking methods –in particular scenario analysis – are […]
  • 23/04/2020 Blog post

    Non-Financial Reporting by companies and Scenario Analysis: be cautions with Standardization

    A few months ago, the European Commission launched a consultation on the revision of the Non-Financial Reporting Directive. The issue at stake is to strengthen the obligation for 6,000 large companies to communicate publicly on how they deal with major societal issues, such as climate change and low-carbon transition. For Romain Hubert of I4CE, reporting must be strengthened in particular on the scenario analyses that companies conduct to identify the risks and opportunities of the transition. But what exactly should they communicate?
  • 07/11/2019 Climate Report

    Understanding transition scenarios – Eight steps for reading and interpreting these scenarios

      It therefore brings risks and opportunities for economic actors, which they must anticipate in order to optimise their strategy in a context of uncertainty. Against this backdrop, the use of scenarios – which are plausible representations of uncertain future states – is very useful in order to better understand the medium- and long-term challenges […]
  • 12/03/2019 Climate Brief

    Physical climate risk: Investor needs and information gaps

    Recent bankruptcy of Californian utility PG&E reckons that companies and their financial stakeholders are already exposed to the potential physical impacts of climate change, also called “physical climate risks”. While risk is at the heart of financial institutions decision-making, only a few of them disclose how their portfolios – with potential PG&Es – are exposed […]
  • 12/12/2018 Climate Report

    Getting started on Physical climate risk analysis in finance

    Financial institutions are already exposed to the potential physical impacts of climate change also called “physical climate risks” in finance. These require immediate attention from financial institutions, in order to understand how well prepared are the economic actors that they finance.   Yet financial institutions still lack tailored information to analyze their exposure to these […]
  • 12/07/2018 Blog post

    I4CE takes action in Tunisia to raise awareness in the banking sector

    On Wednesday 11 July in Tunis, Romain Hubert, climate finance specialist at I4CE, participated in a climate risks and opportunities training day for banking sector actors.
  • 04/05/2017 Climate Brief

    Three notes on the management of climate-related risks by financial actors

    I4CE has published a series of three Climate Briefs on the management of climate-related risks by financial actors. These special edition technical notes present the key stakes around this issue by focusing on three questions: Executive Summary – Managing climate risks for financial actors: from theory to practice Why should financial actors align their portfolios […]
  • 04/05/2017 Climate Brief

    Why should financial actors align their portfolios with a 2°C pathway to manage transition risks?

    What does aligning a portfolio with a low-carbon pathway mean? To limit global warming and its economic consequences, there is a limited “budget” for carbon that can be released into the atmosphere between now and the end of the century. A “low-carbon pathway” therefore refers to the pathway of an economy that is implementing efforts […]
  • 16/09/2015 Special issues

    Financial risk and the transition to a low-carbon economy – Towards a carbon stress testing framework

    By 2° Investing initiative : Hugues Chenet, Jakob Thomä, Didier Janci, With inputs from Romain Hubert (I4CE) Nick Robins, Peter Cruickshank (UNEP Inquiry ) and Stan Dupré (2°Invesing Initative). On July 27th at Moody’s in New York, 2° Investing Initiative launched the report “Financial risk and the transition to a low-carbon economy” in partnership with […]
  • 23/11/2014

    Public Financial Institutions and the Low-Carbon Transition: Five Case studies on Low-Carbon Infrastructure and Project Investment

    The analysis is structured around three principal areas of intervention: the use of traditional and innovative approaches to link low-carbon projects with finance through enhancing access to capital; facilitating risk reduction and sharing; improving the capacity of market actors; and shaping broader market practices and conditions. The results of this study were presented during a […]
  • 21/10/2014 Special issues

    Landscape of climate finance in France, 2014 Edition

    Based on a methodology developed by the Climate Policy Initiative and recognized internationally, the Landscape of climate finance identifies financial flows dedicated to the climate change mitigation and adaptation in France in 2011. The study collects information about the role and weight of public and private actors, as well as the instruments and channels involved […]

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