8:30 AM – 4:00 PM
The objective of the day is 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.
Please noticed that working langage will be english
8.30-9.00 Registration and coffee
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 »
10.10-10.30 Coffee break
10.30-12.00 SESSION 1: Panel
How Academic Research Can Help Central Banks Contribute to the Transition?
Moderator: Benoît Leguet, Managing Director, I4CE
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 2: Macro Models and Public Policy
Moderator: Laurent Clerc, Director, Studies and Risk Analysis Directorate, ACPR, French Supervision Authority
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.
15.00-15.15 Coffee Break
15.15-16.30 SESSION 3: Climate-related risks and public policy
Moderator: Eric Dugelay, Deloitte
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.
Senior Advisor - Financial Sector, Risks and Climate Change
Michel joined I4CE in 2018 to provide expertise in the financial sector and facilitate interactions between researchers, financial sector actors and public authorities.
Before joining I4CE, Michel worked at the Banque de France in various areas related to the financial sector (licensing of new actors, banking supervision, prudential regulation, financial stability, Iinternational and European relations). He has also worked for the Inspection Department of the former French Securities and Exchange Commission (COB) and the World Bank’s Financial Sector Development Department in Washington. Between 2008 and 2012, he was Secretary General of CCLRF (Advisory Committee on Financial Legislation and Regulation). For the past two years, he was in charge of the Corporate Social Responsibility strategy of the Banque de France, in particular where he launched the bank’s Responsible Investment strategy.
Program Director - Territories
Morgane ensures the development, monitoring and dissemination of the Institute’s activities for territorial actors, and in particular local authorities. Morgane was until June 2018 Climate Finance project manager in the think tank.
Prior to joining I4CE, Morgane has worked as Project Manager Energy and Climate for AFD (Agence Française du Développement) in Istanbul and as a Private Equity investment officer at Proparco in Paris. She then worked for Carbone 4, a consulting firm specialized in carbon strategy, as a senior consultant and manager.
Morgane holds a Master in Management and an MSc in Corporate Finance from Edhec Business School.
Benoît is the Managing Director of I4CE – Institute for Climate Economics, the think tank on the economics of the transition to a low-carbon and climate-resilient economy initiated by Caisse des Dépôts and Agence Française de Développement.
Benoît has been advising, since 2002, public and private decision-makers on the transition to a low-carbon and climate-resilient economy. He lectures on the economics of climate change in various Masters programs. He is also a member of several expert groups, inter alia: the French Climate Change Committee; the Kyoto Protocol’s Article 6 Supervisory Committee; the Advisory Board on Economic matters to the French Minister for Environment; the Goodplanet Foundation’s Scientific Committee.
Benoît is an engineering graduate of the Ecole Polytechnique and the ENSTA Paris Tech, and holds a Master’s degree in Environmental Economics from Paris-X University.