international symposium on environment energy...
TRANSCRIPT
5TH INTERNATIONAL SYMPOSIUM ON ENVIRONMENT ENERGY & FINANCE ISSUES
22 & 23 MAY
IN PARTNERSHIP WITH
IPAG BUSINESS SCHOOL - 184 BD SAINT-GERMAIN - 75006 PARIS
3
in partnership with
5th International Symposium on Environment and
Energy Finance Issues (ISEFI-2017)
co-organized by IPAG Energy Economics Center, IPAG Business School and CGEMP, University of Paris Dauphine
May 22-23, 2017
IPAG Business School 184, Boulevard Saint-Germain, 75006 Paris
Paris Nice Kunming Los Angeles
4
CONFERENCE OVERVIEW The 5th International Symposium on Environment and Energy Finance Issues (ISEFI-2017), jointly organized by the IPAG Energy Economics Center (IPAG Business School) and the Centre of Geopolitics of Energy and Raw Materials (Paris Dauphine University) with the support of the International Association for Energy Economics (IAEE), will take place on 22-23 May 2017 in Paris, France. It aims to provide academics, policymakers, and practitioners with a valuable forum for discussion and critical analysis of the major issues and challenges that interrelate energy, environment, macroeconomics and financial markets. The conference organizers welcome submissions of both theoretical and empirical papers relating to all aspects of energy markets and their interactions with financial markets. The topics of interest include, but not limited to:
• Climate negotiations and scenarios for a +2° world • Corporate finance analysis for energy companies • Econometrics of energy markets • Energy and climate models • Energy and environment • Energy derivatives: pricing and hedging • Energy and financial market interactions • Energy issues in developing and emerging markets • Energy policies for low carbon transportation • Energy prices: modeling and forecasting • Energy risks: assessment and modeling • Electricity networks, smart-grids, electricity demand • Financial and economic analysis of energy markets • Financial regulation of energy and environmental markets • Finance and investment in renewable energy • Intergenerational choices under global environmental change • Hydroelectricity and water management • Natural resources, risk, welfare and social preferences • Oil and shale gas • Poverty and environmental impacts of electricity price reforms • Renewable and low carbon technologies policy • Speculation and energy prices • State regulation and energy governance • Transportation charges in oil and natural gas industries
5
KEYNOTE SPEAKERS
Professor Amy Myers Jaffe, University of California, United States A leading expert on the geopolitics of oil and gas, energy security and risk and an influential thought leader on global energy policy, sustainability, Amy Myers Jaffe is executive director for Energy and Sustainability at University of California, Davis and a frequent keynote speaker at major energy industry and investment conferences and board of directors meetings. A widely quoted commentator on energy and the environment in international media who has provided testimony on Capital Hill, Jaffe appears regularly on a variety of television and print media,
including CNN, The NewsHour with Jim Lehrer, FOX, Al-Jazeera TV, MSNBC, National Public Radio, the Wall Street Journal and the Financial Times of London. Her writings have been featured by the New York Times, Dow Jones International, and Petroleum Intelligence Weekly. She has a regular blog at the Houston Chronicle and is a contributor on energy and climate change to the Wall Street Journal’s blog The Experts. Jaffe currently serves as a member of the Global Agenda Council on New Energy Architecture with the World Economic Forum (Davos), as an advisory board member of GE Ecoimagination and as a technical committee member on shale gas for the Union of Concerned Scientists and California’s Council on Science and Technology. A contributor to Foreign Policy magazine’s “21 Solutions to Save the World” and recipient of the Award for Excellence in Energy Writing by the International Association for Energy Economics, Jaffe was named to Esquire’s annual 100 Best and Brightest and Elle Magazine’s Women for the Environment. Jaffe’s research focuses on oil and natural gas geopolitics, strategic energy policy, alternative fuel (for the state of California and beyond), corporate investment strategies in the energy sector, sustainability and risk and energy economics.
6
KEYNOTE SPEAKERS
Professor Richard S.J. Tol, University of Sussex, United Kingdom
Richard S.J. Tol is a Professor at the Department of Economics, University of Sussex and the Professor of the Economics of Climate Change, Institute for Environmental Studies and Department of Spatial Economics, Vrije Universiteit, Amsterdam, the Netherlands. He is a member of the Academia Europaea. Previously, he was a Research Professor at the Economic and Social Research Institute, Dublin, the Michael Otto Professor of Sustainability and Global Change at Hamburg University and an Adjunct Professor, Department of Engineering and Public Policy, Carnegie Mellon University, Pittsburgh, PA, USA. He has had
visiting appointments at the Canadian Centre for Climate Research, University of Victoria, British Colombia, at the Centre for Social and Economic Research on the Global Environment, University College London, and at the Princeton Environmental Institute and the Department of Economics, Princeton University. Richard received an M.Sc. in econometrics (1992) and a Ph.D. in economics (1997) from the Vrije Universiteit Amsterdam. He is ranked among the top 150 economists in the world, and has over 200 publications in learned journals (with 100+ co-authors), one book, three edited volumes, and many minor publications. He specialises in the economics of energy, environment, and climate, and is interested in tourism and scientometrics.
7
CONFERENCE CO-CHAIRS & ORGANIZERS Anna Creti (co-chair), University of Paris Dauphine & Ecole Polytechnique Khaled Guesmi (co-chair), IPAG Business School Lutz Kilian (co-chair), University of Michigan Duc Khuong Nguyen, IPAG Business School & Indiana University Ingmar Schumacher, IPAG Business School Eric Strobl, Aix-Marseille School of Economics & IPAG Business School Cees Withagen, IPAG Business School & VU University SCIENTIFIC COMMITTEE René Aid, FIME-University of Paris Dauphine & EDF Albert Banal-Estanol, Universitat Pompeu Fabra Derek Bunn, London Business School Julien Chevallier, University of Paris 8 & IPAG Business School Anna Creti, University of Paris Dauphine and Ecole Polytechnique George Filis, Bournemouth University Stéphane Goutte, University of Paris 8 Khaled Guesmi, IPAG Business School Shawkat Hammoudeh, Drexel University Fatih Karanfil, University of Paris West Nanterre la Défense Lutz Kilian, University of Michigan, United States Matteo Manera, University of Milano-Bicocca Olivier Massol, IFP School Duc Khuong Nguyen, IPAG Business School & Indiana University Michel Robe, American University Andrea Roncoroni, ESSEC Business School Luca Taschini, London School of Economics Perry Sadorsky, York University Ingmar Schumacher, IPAG Business School Benoît Sévi, University of Nantes Eric Strobl, Aix-Marseille School of Economics & IPAG Business School Stefan Trueck, Macquarie University, Australia Cees Withagen, IPAG Business School & VU University Jian Yang, University of Colorado Denver Peng Zhou, UCLA Institute of the Environment and Sustainability & Nanjing University of Aeronautics and Astronautics, China
8
CONFERENCE VENUE IPAG Business School 184, Boulevard Saint-Germain 75006 Paris Phone: +33 (0)1 53 63 36 00 Fax: +33 (0)1 45 44 40 46
9
PRACTICAL INFORMATION
10
Program at a Glance
11
Monday, May 22, 2017 08:00am – 08:45am Registration & Coffee Amphitheatre 08:45am – 09:00am Opening and Welcome Note
By Anna Creti (University Paris Dauphine-LEDA CGEMP and Ecole Polytechnique), Khaled Guesmi (IPAG Business School), and Lutz Kilian (University of Michigan)
Amphitheatre
09:00am – 10:30am Parallel Session A Session A1 Amphitheatre Session A2 Room 1 Session A3 Room 2 Session A4 Room 3 Session A5 Room 4 10:30am – 11:00am Coffee Break Amphitheatre 11:00am – 12:30pm Parallel Session B Session B1 Amphitheatre Session B2 Room 1 Session B3 Room 2 Session B4 Room 3 Session B5 Room 4 12:30pm – 02:00pm Lunch Break Café Louise 02:00pm – 03:00pm Keynote Lecture I
By Professor Richard S.J. Tol, University of Sussex, United Kingdom
Amphitheatre
03:00pm – 03:15pm Coffee Break Amphitheatre 03:15pm – 04:45pm Parallel Session C Session C1 Amphitheatre Session C2 Room 1 Session C3 Room 2 Session C4 Room 3 Session C5 Room 4 04:45pm – 05:00pm Coffee Break Amphitheatre 05:00pm – 06:30pm Parallel Session D Session D1 Amphitheatre Session D2 Room 1 Session D3 Room 2 Session D4 Room 3 Session D5 Room 4 07:30pm – 11:00pm Conference Dinner House of Latin America
12
Tuesday, May 23, 2017 08:00am – 09:00am Registration & Coffee Amphitheatre 09:00am – 10:30am Parallel Session E Session E1 Amphitheatre Session E2 Room 1 Session E3 Room 2 Session E4 Room 3 Session E5 Room 4 10:30am – 11:00am Coffee Break Amphitheatre 11:00am – 12:30pm Parallel Session F Session F1 Amphitheatre Session F2 Room 1 Session F3 Room 2 Session F4 Room 3 Session F5 Room 4 12:30pm – 02:00pm Lunch Break Café Louise 02:00pm – 03:00pm Keynote Lecture II
By Professor Amy Myers Jaffe, University of California, United States
Amphitheatre
03:00pm – 03:15pm Coffee Break Amphitheatre 03:15pm – 04:45pm Parallel Session G Session G1 Amphitheatre Session G2 Room 1 Session G3 Room 2 Session G4 Room 3 Session G5 Room 4 04:45pm – 05:00pm Closing Amphitheatre
13
Detailed Program
14
Monday, May 22, 2017
08:00am – 08:45am Registration & Coffee
08:45am – 09:00am Opening and Welcome Note
09:00am – 10:30am Parallel Sessions A 09:00am – 10:30am Session A1: Oil Price Modelling and Forecasting I Amphitheatre Chair: Lutz Kilian, University of Michigan, USA
09:00am – 09:20am Forecasting oil prices Stavros Degiannakis, Panteion University of Social and Political Sciences & Hellenic Open University, Greece George Filis, Panteion University of Social and Political Sciences, Greece
09:20am – 09:40am Forecasting the real price of oil - Time-variation and forecast
combination Christoph Funk, Giessen University, Germany
09:40am – 10:00am Asymmetries in the responses of job flows to oil price shocks
Mohamad B. Karaki, Lebanese American University, Lebanon 10:00am – 10:20am Lower oil prices and the U.S. economy: Is this time different
Christiane Baumeister, University of Notre Dame, USA Lutz Kilian, University of Michigan, USA
09:00am – 10:30am Session A2: Natural Resources in Environmental Economics Room 1
Chair: Cuong Le Van, IPAG Business School & Paris School of Economics, France
09:00am – 09:30am Competition for natural resources and the hold-up problem Sebastian Kessing, University of Siegen, Germany Carsten Hefeker, University of Siegen, Germany
09:30am – 10:00am Optimal investment problem in management production of oil
exploitation under constraints of resource availability and operating costs Stéphane Goutte, University of Paris 8, France Idris Kharroubi, University Paris Dauphine, France Thomas Lim, ENSSIE, France
10:00am – 10:30am Transitional dynamics in an R&D-based growth model with
natural resources Thanh Le, University of Flinders, Australia Cuong Le Van, IPAG Business School & Paris School of Economics, France
15
09:00am – 10:30am Session A3: Global Carbon Markets Room 2 Chairs: Luca Taschini, London School of Economics and Political Science, UK
and Anna Creti, University Paris Dauphine, France
09:00am – 09:20am Emission benchmarks revisited – how to fully restore economic incentives in emissions trading Vera Zipperer, DIW Berlin, Germany Misato Sato, London School of Economics and Political Science, UK Karsten Neuhof, DIW Berlin, Germany
09:20am – 09:40am Assessing the implementation of the market stability reserve
Corine Chaton, EdF R&D, France Anna Creti, University Paris Dauphine, France Maria-Eugenia Sanin, University of Evry Val d’Essonne & Ecole Polytechnique, France
09:40am – 10:00am European carbon market: Lessons on the impact of a market
stability reserve on carbon emissions and on the carbon price in Europe Raphael Trotignon, Climate Economics Chair, France Simon Quemin, CGEMP-LEDa, Paris-Dauphine University, France Boris Solier, Climate Economics Chair, France
10:00am – 10:20am Multilateral and costly linkages between emissions trading
systems Baran Doda, London School of Economics and Political Science, UK Simon Quemin, Paris-Dauphine University, France Luca Taschini, London School of Economics and Political Science, UK
09:00am – 10:30am Session A4: Financial and Economic Analysis of Energy Markets I Room 3
Chair: Baran Doda, London School of Economics, UK
09:00am – 09:30am 2007/08 fossil fuels shock and its causal effects on European power markets Lucia Morales, Dublin Institute of Technology, Ireland James Hanly, Dublin Institute of Technology, Ireland
09:30am – 10:00am OPEC, Saudi Arabia, and shale: Insights from equilibrium
modelling and oil politics Dawud Ansari, German Institute for Economic Research, Germany
10:00am – 10:30am Energy policy and the power sector in the long run
Baran Doda, London School of Economics, UK
09:00am – 10:30am Session A5: Renewable and Low Carbon Technology Policy I Room 4
Chair: Michael Jefferson, ESCP Europe Business School, France
09:00am – 09:30am Antidumping and feed-in tariffs as good buddies? Modeling the EU-China solar panel dispute Patrice Bougette, University of Côte d’Azur & CNRS, France Christophe Charlier, University of Côte d’Azur & CNRS, France
16
09:30am – 10:00am Investment in energy efficiency, adoption of renewable energy
and household behaviour: Evidence from OECD countries Prudence Dato, Savoie Mont Blanc University, France
10:00am – 10:30am Renewable and low carbon technologies policy
Michael Jefferson, ESCP Europe Business School, France
10:30am – 11:00am Coffee Break
11:00am – 12:30pm Parallel Sessions B 11:00am – 12:30pm Session B1: Environmental Economics I Amphitheatre Chair: Ingmar Schumacher, IPAG Business School, France
11:00am – 11:30am An economic theory of ethical consumer culture and sustainable technological change Emeline Bezin, PSE, France & IRES, Belgium
11:30am – 12:00pm Preventing environmental disasters: Market-based vs. command-
and-control policies Francesco Lamperti, Sant’Anna School of Advanced Studies, Italy Mauro Napoletano, OFCE & SKEMA Business School, France & Scuola Superiore Sant'Anna di Pisa, Italy Andrea Roventini, Sant'Anna School of Advanced Studies, Italy
12:00pm – 12:30pm The importance of considering optimal government policy when
social norms matter for the private provision of public goods Ingmar Schumacher, IPAG Business School, France Guy Meunier, INRA, France
11:00am – 12:30pm Session B2: Climate Negotiations and Scenarios for a +2° World Room 1
Chair: Tom Kompas, Australian National University, Australia
11:00am – 11:30am Welfare implications of EU effort sharing decision and possible impact of a hard Brexit Frédéric Babonneau, ORDECSYS, Switzerland Alain Haurie, ORDECSYS, Switzerland Marc Vielle, Laboratoire d'Economie Urbaine et de l'Environnement (LEURE), Switzerland
11:30am – 12:00pm Reforming the EU emission trading scheme to avoid lock in of
emissions in the power sector: Pros and cons of different approaches Fabien Roques, University Paris IX - Paris Dauphine, France Guillaume Duquesne, Compass Lexecon Emmanuel Grand, FTI Consulting, France Yves le Thieis, Compass Lexecon, France
12:00pm – 12:30pm The ‘curse of dimensionality’ resolved: The effects of climate
17
change and trade barriers in large dimensional modelling Tom Kompas, Australian National University, Australia Pham Van Ha, Australian National University, Australia
11:00am – 12:30pm Session B3: Corporate Finance Analysis for Energy Companies I Room 2
Chair: Michael Flaherty, The New School for Social Research, USA
11:00am – 11:30am Forecasting stock prices with corporate earnings, dividends and the oil price: Empirical evidence from the US oil industry Tobias Basse, NORD/LB, Germany Frederik Kunze, NORD/LB, Germany Hans-Jörg Von Mettenheim, Leibniz Universität Hannover, Germany Christoph Wegener, IPAG Business School, France
11:30am – 12:00pm Financing climate policies through climate bonds - A three stage
model and empirics Michael Flaherty, The New School for Social Research, USA Arkady Gevorkyan, The New School for Social Research, USA Siavash Radpour, The New School for Social Research, USA Willi Semmler, The New School for Social Research, USA
12:00pm – 12:30pm The impact of economic fundamental variables on systematic
risk: An analysis of the oil sector Manuela Schöner, Frankfurt School of Finance and Management, Germany Ronald Huisman, Erasmus University Rotterdam, Netherlands
11:00am – 12:30pm Session B4: Energy and Financial Market Interactions I Room 3
Chair: Julien Chevallier, University of Paris 8 & IPAG Business School, France
11:00am – 11:30am The impact of major oil, financial and uncertainty factors on sovereign CDS spreads: Evidence from GCC, oil-exporting countries and regional markets Nader Naifar, Al Imam Mohammad Ibn Saud Islamic University, Saudi Arabia Syed Jawad Hussain Shahzad, Montpellier Business School, France Shawkat Hammoudeh, Lebow College of Business, USA
11:30am – 12:00pm Signaling by early stage startups: US government research grants
and venture capital funding Alfred Marcus, University of Minnesota Carlson School of Management, USA Mazhar Islam, Tulane University, USA Adam Fremeth, Richard Ivey School of Business University of Western Ontario, Canada
12:00pm – 12:30pm Time-varying energy and stock market integration
Jonathan Batten, Monash University, Australia Harald Kinateder, University of Passau, Germany Peter Szilagyi, Central European University, Hungary
18
Niklas Wagner, University of Passau, Germany
11:00am – 12:30pm Session B5: Econometrics of Energy Markets I Room 4 Chair: Khaled Guesmi, IPAG Business School, France
11:00am – 11:30am Capturing long-term coupling and short-term decoupling crude oil and natural gas prices Hayette Gatfaoui, IESEG School of Management, France
11:30am – 12:00pm Identifying the long-term volatility drivers of commodity markets
Duc Khuong Nguyen, IPAG Business School, France & Indiana University, USA Thomas Walther, Technische Universitat Dresden, Germany
12:00pm – 12:30pm Commodities and stock markets transmission mechanisms:
Financialization, contagion or both? Olfa Kaabia, INSEEC Paris Business School, France Ilyes Abid, EM-Normandie, France Anna Creti, École Polytechnique, France Khaled Guesmi, IPAG Business School, France
12:30pm – 02:00pm Lunch Break (155 Boulevard Saint Germain, 75006 Paris)
02:00pm – 03:00pm Keynote Lecture I Professor Richard S.J. Tol, University of Sussex, United Kingdom
Amphitheatre
03:00pm – 03:15pm Coffee Break
03:15pm – 04:45pm Parallel Sessions C 03:15pm – 04:45pm Session C1: Environmental Economics II Amphitheatre Chair: Massimiliano Mazzanti, University of Ferrara, Italy
03:15pm – 03:45pm Why are rented dwellings less energy-efficient? Mateus Nogueira Meirelles de Souza, University of Illinois at Urbana Champaign, USA
03:45pm – 04:15pm Carbon stranded assets: New devices for alleviating the Earth’s
absorptive capacity Julien Chevallier, University of Paris 8 & IPAG Business School, France Stéphane Goutte, University of Paris 8, France
04:15am – 04:45pm Endogenous green technology and induced policy effects:
Testing direct and indirect impacts Alessio D’Amato, Università di Roma Tor Vergata, Italy
19
Massimiliano Mazzanti, University of Ferrara, Italy Francesco Nicolli, University of Ferrara, Italy
03:15pm – 04:45pm Session C2: Empirical Studies in Environmental Economics I Room 1
Chair: Eric Strobl, Aix-Marseille School of Economics & IPAG, France
03:15pm – 03:35pm Emissions and growth: Trends and cycles in a globalized world Gail Cohen, National Academy of Sciences, Engineering, and Medicine, USA Joao Jalles, IMF, USA Prakash Loungani, IMF, USA Ricardo Marto, IMF, USA
03:35pm – 03:55pm Assessing the gas networks utilisation and financial performance
in a low carbon energy system Conor Hickey, University College Cork, Ireland Paul Deane, University College Cork, Ireland Celine Mcinerney, University College Cork, Ireland Brian O'gallachoir, University College Cork, Ireland
03:55pm – 03:15pm Exploring the link between energy based taxes and economic
growth Mahmoud Hassan, University of Angers, France Walid Oueslati, University of Angers, France Damien Rousselière, University of Angers, France
04:15am – 04:35pm Energy infrastructure in Sub-Saharan Africa: A firm level analysis
Matthew Cole, University of Birmingham, UK Robert Elliott, University of Birmingham, UK Giovanni Occhiali, University of Birmingham, UK Eric Strobl, Aix-Marseille School of Economics & IPAG, France
03:15pm – 04:45pm Session C3: Oil Price Modelling and Forecasting II Room 2 Chair: Benoît Sévi, University of Nantes, France
03:15pm – 03:35pm Trend contagion in WTI and Brent crude oil spot and futures prices - A Spread and correlation analysis Tony Klein, Technische Universtitaet Dresden, Germany
03:35pm – 03:55pm The efficiency analysis of crude oil spot and futures prices using
moving window approach Miroslava Zavadska, Dublin Institute of Technology, Ireland Lucia Morales, Dublin Institute of Technology, Ireland Joseph Coughlan, National University of Ireland Maynooth, Ireland
03:55pm – 04:15pm Volatility threshold dynamic, sensitivities and oil risk: New
indicators Khaled Guesmi, IPAG Business School, France Stéphane Goutte, University of Paris 8, France Ilyes Abid, ISC Paris Business School, France Farid Mkaouer, CNAM, France
20
04:15am – 04:35pm The changing nature of oil futures market Benoît Sévi, University of Nantes, France
03:15pm – 04:45pm Session C4: Energy Issues in Developing and Emerging Countries I Room 3
Chair: Fatih Karanfil, University of Paris Ouest, France & Galatasaray University Economic Research Center, Turkey
03:15pm – 03:45pm China’s leadership in fostering and financing infrastructure investment for a sustainable and dynamic future Patrick Curran, London School of Economics and Political Science, UK Isabella Neuweg, London School of Economics and Political Science, UK Nicholas Stern, London School of Economics and Political Science, UK
03:45pm – 04:15pm The Korean public’s willingness to pay for expanding renewables
power plants in developing countries Seul-Ye Lim, Seoul National University of Science and Technology, South Korea Hyo-Jin Kim, Seoul National University of Science and Technology, South Korea Yoo Seung-Hoon, Seoul National University of Science and Technology, South Korea
04:15am – 04:45pm An analysis of the IMF programs in developing countries along
energy use and emissions dimensions Fatih Karanfil, University of Paris Ouest, France & Galatasaray University Economic Research Center, Turkey Luc Désiré Omgba, University of Paris Ouest, France
03:15pm – 04:45pm Session C5: Econometrics of Energy Markets II Room 4 Chair: Albert Banal-Estanol, Universitat Pompeu Fabra & City University
London, UK
03:15pm – 03:45pm Photovoltaic and wind power feed-in impact on electricity prices: the case of Germany François Benhmad, Montpellier University, France Jacques Percebois, Montpellier University, France
03:45pm – 04:15pm Auctions for renewable energy support - Suitability, design and
first lessons learnt Marie-Christin Haufe, Karlsruhe Institute of Technology, Germany
04:15am – 04:45pm An ex-post evaluation of the GDF/Suez merger: Effects on gas
hub prices Elena Argentesi, University of Bologna, Italy Albert Banal-Estanol, Universitat Pompeu Fabra, Spain & City University London, UK Jo Seldeslachts, DIW Berlin, Germany & KU Leuven, Belgium Meagan Andrews
04:45pm – 05:00pm Coffee Break
21
05:00pm – 06:30pm Parallel Sessions D 05:00pm – 06:30pm Session D1: Environmental Economics III Amphitheatre Chair: Cees Withagen, IPAG Business School, France & VU University,
The Netherlands
05:00pm – 05:30pm Directed technical change, environmental sustainability, and population growth Peter K. Kruse-Andersen, University of Copenhagen, Denmark
05:30pm – 06:00pm Buy coal and act strategically on the fuel market
Rüdiger Pethig, University of Siegen, Germany 06:00am – 06:30pm Limit pricing, climate policies, and imperfect competition
Gerard van der Meijden, Vrije Universiteit Amsterdam, Netherlands Cees Withagen, IPAG Business School, France & VU University, The Netherlands
05:00pm – 06:30pm Session D2: Energy Issues in Developing and Emerging Countries II Room 1
Chair: Yuan Xu, The Chinese University of Hong Kong, Hong Kong
05:00pm – 05:30pm Decomposing the south African CO2 emissions within a BRICS countries context: The energy rebound hypothesis Roula Inglesi-Lotz, University of Pretoria, South Africa
05:30pm – 06:00pm Reducing oil burning and GHG emissions from mining: A win-
win policy for Chile’s copper sector Gino Sturla Zerene, University of Chile, Chile Eugenio Figueroa, University of Chile, Chile Massimiliano Sturla, Federico Santa Maria Technical University, Chile
06:00am – 06:30pm Utilizing coal resources in Xinjiang: An integrated plan to breach
economic, water and CO2 constraints Meiyu Guo, Hong Kong Baptist University, Hong Kong Yuan Xu, The Chinese University of Hong Kong, Hong Kong
05:00pm – 06:30pm Session D3: Energy Derivatives: Pricing and Hedging I Room 2 Chair: Federico Platania, Pôle Universitaire Leonard de Vinci, France
05:00pm – 05:30pm Futures trading, market incompleteness and investments in electricity markets Oliver Tietjen, Potsdam Institute for Climate Impact Research, Germany
05:30pm – 06:00pm Commodities do not shield from risk in financial markets,
anymore Beyza Mina Ordu, Ankara Yıldırım Beyazıt University & Middle East Technical University, Turkey Ugur Soytas, Middle East Technical University, Turkey
06:00am – 06:30pm Long-term swings and seasonality in energy markets
Manuel Moreno, Universidad de Castilla-La Mancha, France
22
Alfonso Novales, niversidad Complutense de Madrid, France Federico Platania, Pôle Universitaire Leonard de Vinci, France
05:00pm – 06:30pm Session D4: Finance and Investment in Renewable Energy Room 3
Chair: Joelle Noailly, Centre for International Environmental Studies, Switzerland
05:00pm – 05:20pm Signals for 2°C: How policies, market and civil society actions influence European insurers’ investment decisions for green infrastructure Jahel Mielke, Global Climate Forum & University of Potsdam, Germany
05:20pm – 05:40pm Renewable energy for retail investors: Portfolio benefits of
Yieldcos Sarah La Monaca, Michael Smurfit Graduate Business School & Energy Institute, Ireland Martina Assereto, Michael Smurfit Graduate Business School & Energy Institute, Ireland Julie Byrne, Michael Smurfit Graduate Business School & Energy Institute, Ireland
05:40pm – 06:00pm Disagreement and environmental tastes as substitutes for
financial performance in energy firms Alex Ng, Thompson Rivers University, Canada Di Zheng, Independant Economist, Canada
06:00am – 06:20pm Financing energy innovation: The role of financing constraints
for directed technical change from fossil-fuel to renewable innovation Joelle Noailly, Centre for International Environmental Studies, Switzerland Roger Smeets, Rutgers Business School, USA
05:00pm – 06:30pm Session D5: Econometrics of Energy Markets III Room 4 Chair: Vassilios Papavassiliou, University College Dublin, Ireland
05:00pm – 05:30pm Does energy consumption stimulate economic growth? Empirical evidence for Emerging European countries Iuliana Matei, IESEG Paris, France
05:30pm – 06:00pm Disentangling the merit-order effect: the case of Germany
Cyril Martin de Lagarde, Ecole des Ponts ParisTech & University Paris Dauphine, France Frédéric Lantz, IFP Energies Nouvelles, France
06:00am – 06:30pm The CO2-growth nexus revisited: A nonparametric analysis for
G7 economies over nearly two centuries Muhammad Shahbaz, Montpellier Business School, France Muhammad Shafiullah, University of Nottingham, Malaysia Campus, Malaysia Vassilios Papavassiliou, University College Dublin, Ireland Shawkat Hammoudeh, Drexel University, USA
23
Gala Dinner
24
GALA DINNER Time: 7:30pm – 11:00pm
Address: 207 boulevard Saint Germain, 75007 Paris Walking distance from the conference venue: 500m
25
Tuesday, May 23, 2017
08:00am – 09:00am Registration & Coffee
09:00am – 10:30am Parallel Sessions E 09:00am – 10:30am Session E1: Environmental Economics IV Amphitheatre Chair: Joseph Tomain, University of Cincinnati College of Law, USA
09:00am – 09:30am Multiple criteria evaluation of countries performance in fuel taxation Maria Do Castelo Gouveia, ISCA - Coimbra Business School, Portugal Isabel Clímaco, ISCA - Coimbra Business School, Portugal Carla Henriques, ISCA - Coimbra Business School, Portugal Carlos Antunes, University of Coimbra, Portugal
09:30am – 10:00am Carbon taxation: designing compensation measures to protect
low-income households Audrey Berry, CIRED, France
10:00am – 10:30am A US clean energy transition and the Trump administration
Joseph Tomain, University of Cincinnati College of Law, USA
09:00am – 10:30am Session E2: Public Policies Room 1 Chair: Jean-Pierre Amigues, Toulouse School of Economics, France
09:00am – 09:30am Climate equity and optimal carbon taxes Maria Belfiori, Colorado State University, USA
09:30am – 10:00am Public and private bargaining for the realization of adaptation
investment Marco Buso, University of Padova, Italy Anne Stenger, INRA, France
10:00am – 10:30am Pollution abatement v.s. energy efficiency improvements
Jean-Pierre Amigues, Toulouse School of Economics, France Michel Moreaux, Toulouse School of Economics, France
09:00am – 10:30am Session E3: Corporate Finance Analysis for Energy Companies II Room 2
Chair: Andrea Roncoroni, ESSEC Business School, France
09:00am – 09:30am The investment performance of United Nations global compact companies: Asset pricing of climate change champions Moses Msiska, Thompson Rivers University, Canada Alex Ng, Thompson Rivers University, Canada Randy Kimmel, Thompson Rivers University, Canada
09:30am – 10:00am Financing power: Impacts of energy policies in changing
regulatory environments Nils May, DIW Berlin, Germany
26
Karsten Neuhoff, Deutsches Institut für Wirtschaftsforschung (DIW), Germany
10:00am – 10:30am Optimal financial hedging of nontradable risk
Paolo Guiotto, University of Padova, Italy Andrea Roncoroni, ESSEC Business School, France
09:00am – 10:30am Session E4: Energy Policies for Low Carbon Transportation Room 3
Chair: Roberta F. Mann, University of Oregon School of Law, USA
09:00am – 09:30am Is high speed rail a sustainable mobility option? Assessing the environmental contribution of HSR in the Basque country, Spain David Hoyos, University of the Basque Country, Spain Gorka Bueno, University of the Basque Country, Spain Iñigo Capellán-Pérez, University of Valladolid, Spain
09:30am – 10:00am Consumer preferences for electricity-driven passenger vehicles:
How much are recharging time, driving range and fast-mode recharging infrastructure worth for the poles? Milan Ščasný, Charles University Environment Center, Czech Republic Iva Zvěřinová, Charles University Environment Center, Czech Republic Mikołaj Czajkowski, University of Warsaw, Poland
10:00am – 10:30am Sustainably funding transportation infrastructure: Tax fuel or
miles? Roberta F. Mann, University of Oregon School of Law, USA
09:00am – 10:30am Session E5: Econometrics of Energy Markets IV Room 4 Chair: Dirk Röttgers, OECD, France
09:00am – 09:30am Intermittency and the social benefits of storage Monica Giulietti, Loughborough University, UK Elisa Trujillo-Baute, Universitat de Barcelona, Spain Michael Waterson, Univesity of Warwick, UK
09:30am – 10:00am Sanctions against Iran: An assessment of their global impact
through the lens of international methanol prices Emmanuel Hache, IFP Energies Nouvelles, France Olivier Massol, IFP Energies Nouvelles, France
10:00am – 10:30am The empirics of enabling investment and innovation in
renewable energy Geraldine Ang, OECD, France Dirk Röttgers, OECD, France Pralhad Burli, OECD, France
10:30am – 11:00am Coffee Break
27
11:00am – 12:30pm Parallel Sessions F 11:00am – 12:30pm Session F1: Environmental Economics V Amphitheatre Chair: Agustin Perez-Barahona, University of Cergy-Pontoise, France
11:00am – 11:20am Aging and transport-related energy use: do generations matter? Rossella Bardazzi, Università di Firenze, Italy Maria Grazia Pazienza, Università di Firenze, Italy
11:20am – 11:40am Assessing the effects of climate policy on firms’ greenhouse gas
emissions Ana Maria Montoya Gómez, Ifo Insitute, University of Munich, Germany Markus Zimmer, Ifo Insitute, University of Munich, Germany
11:40am – 12:00pm Faraway, so close: Coupled climate and economic dynamics in
an agent-based integrated assessment model Francesco Lamperti, Scuola Superiore Sant'Anna di Pisa, Italy Giovanni Dosi, Scuola Superiore Sant'Anna di Pisa, Italy Mauro Napoletano, OFCE & SKEMA Business School, France & Scuola Superiore Sant'Anna di Pisa, Italy Andrea Roventini, Scuola Superiore Sant'Anna di Pisa, Italy & OFCE, France Alessandro Sapio, University Parthenope of Naples, Italy
12:00pm – 12:20pm Wildlife management: Sea turtles in Florida
Michael Brei, UWI and Paris West University, France Agustin Perez-Barahona, University of Cergy-Pontoise, France Eric Strobl, Aix-Marseille School of Economics & IPAG Business School, France
11:00am – 12:30pm Session F2: Empirical Studies in Environmental Economics II Room 1
Chair: Mordechai Shechter, University of Haifa, Israel
11:00am – 11:30am Financial instruments for mitigation of flood risks: The case of Florence Fabio Castelli, University of Florence, Italy Marcello Galeotti, University of Florence, Italy Giovanni Rabitti, Bocconi University, Italy
11:30am – 12:00pm Logging concessions, certification & protected areas in the
Peruvian Amazon: Assessing forest impacts from combinations of land-use restrictions and rights Jimena Rico, Banco de Mexico, Mexico Stephanie Panlasigui, Duke University, USA Colby Loucks, World Wildlife Fund, USA Jennifer Swenson, Duke University, USA Alexander Pfaff, Duke University, USA
12:00pm – 12:30pm Economic and risk aspects of climate change implications on the
insurance sector Ayelet Davidovitch, University of Haifa, Israel Mordechai Shechter, University of Haifa, Israel
28
Ofira Ayalon, University of Haifa, Israel Ruslana Palatnik, University of Haifa & Yezreel Valley College, Israel
11:00am – 12:30pm Session F3: Financial and Economic Analysis of Energy Markets II Room 2
Chair: Stéphane Goutte, University of Paris 8, France
11:00am – 11:20am How does liquidity affect value, risk, and performance of energy equity portfolios? Lionel Lecesne, Paris-Seine University & ESSEC Business School, France Andrea Roncoroni, ESSEC Business School, France
11:20am – 11:40am Effects of power plants mothballing decisions on investments
incentives in electricity markets Ahmed Ousman Abani, Microeconomix & MINES ParisTech, France Nicolas Hary, Microeconomix & MINES ParisTech, France Vincent Rious, Florence School of Regulation Florence, Italy Marcelo Saguan, Florence School of Regulation Florence, Italy
11:40am – 12:00pm The green bond premium
Olivier David Zerbib, ISFA & Groupama Asset Management, France 12:00pm – 12:20pm A techno-economic methodology for evaluating the economic
impact of residential PV and battery storage in Australia Damian Shaw-Williams, Queensland University of Technology, Australia Jeremy Varendorf, Queensland University of Technolgy, Australia
11:00am – 12:30pm Session F4: Renewable and Low Carbon Technology Policy II Room 3
Chair: Michael Jefferson, ESCP Europe Business School, France
11:00am – 11:30am Comparing different flexibility options for the efficient integration of renewable energies in Germany Matthias Huber, University of Munich, Germany
11:30am – 12:00pm The slow expansion of renewable energy in Russia:
Competitiveness and regulation issues Tatiana Lanshina, Russian Presidential Academy of National Economy and Public Administration & Institute for U.S. and Canadian Studies, Russia John Laitner, Russian Presidential Academy of National Economy and Public Administration, Russia & Economic and Human Dimensions Research Associates, USA Vladimir Potashnikov, Russian Presidential Academy of National Economy and Public Administration, Russia Vera Barinova, Russian Presidential Academy of National Economy and Public Administration, Russia
12:00pm – 12:30pm Market integration VS temporal granularity: how to provide
needed flexibility resources? Olivier Borne, CentraleSupélec, France Yannick Perez, University of Paris Sud & CentraleSupélec, France Marc Petit, CentraleSupélec, France
29
11:00am – 12:30pm Session F5: Econometrics of Energy Markets V Room 4 Chair: Luigi Sereno, Joint Research Centre, European Commission
11:00am – 11:20am The positive feedback cycle in the electricity market: Residential solar PV adoption, electricity demand and prices Michael Chesser, Dublin Institute of Technology, Ireland Jim Hanly, Dublin Institute of Technology, Ireland Damien Cassells, Dublin Institute of Technology, Ireland Nicholas Apergis, University of Piraeus, Greece
11:20am – 11:40am Cross-border technology differences and trade barriers: Evidence
from German and French electricity markets Klaus Gugler, Vienna University of Economics and Business, Austria Adhurim Haxhimusa, Vienna University of Economics and Business, Austria
11:40am – 12:00pm Forecasting prices in electricity day-ahead auctions: An overview
of the Turkey market Ezgi Avci-Surucu, Erasmus University, The Netherlands & Ministry of Energy and Natural Resources, Turkey Eric van Heck, Erasmus University, The Netherlands Wolfgang Ketter, Erasmus University, The Netherlands
12:00pm – 12:20pm Capacity constraint, transmission investment and regulation
Luigi Sereno, Joint Research Centre, European Commission Tilemahos Efthimiadis, Joint Research Centre, European Commission
12:30pm – 02:00pm Lunch Break (155 Boulevard Saint Germain, 75006 Paris)
02:00pm – 03:00pm Keynote Lecture II Professor Amy Myers Jaffe, University of California, United States
Amphitheatre
03:00pm – 03:15pm Coffee Break
03:15pm – 04:45pm Parallel Sessions G 03:15pm – 04:45pm Session G1: Empirical Studies in Environmental
Economics III Amphitheatre
Chair: Muhammad Shahbaz, Montpellier Business School, France & Institute of Information Technology, Pakistan
03:15pm – 03:45pm Synergy in environmental strategies and productivity of small and medium-sized enterprises in Vietnam Phu Nguyen-Van, University of Strasbourg & CNRS, France Quoc Tran Nam, University of Strasbourg & CNRS, France
30
03:45pm – 04:15pm The push for renewables in India: A real options approach Supratim Das Gupta, Universidad de Guanajuato, Mexico Alejandro Mosiño, Universidad de Guanajuato, Mexico
04:15am – 04:45pm Does the environmental Kuznets curve exist for the most
polluting countries? A decomposed analysis of China and India Muhammad Shahbaz, Montpellier Business School, France & Institute of Information Technology, Pakistan Mantu Kumar Mahalik, National Institute of Technology, India Thi Hong Van Hoang, Montpellier Business School, France
03:15pm – 04:45pm Session G2: Energy Derivatives: Pricing and Hedging II Room 1 Chair: Antony Ware, The University of Calgary, Italy
03:15pm – 03:45pm The dependence of commodity spot-futures markets: How can this help investors to make profit? Sana Ben Kbaier, University Paris Dauphine, France Anna Creti, University Paris Dauphine, France Zied Ftiti, EDC Paris Business School, France
03:45pm – 04:15pm Hedging spark spread risk with futures
Beatriz Martínez, University of Valencia, Spain Hipòlit Torró, University of Valencia, Spain
04:15am – 04:45pm Reliability-constrained hydropower valuation
Antony Ware, The University of Calgary, Italy
03:15pm – 04:45pm Session G3: Energy and Financial Market Interactions II Room 2 Chair: Aurélien Saussay, Sciences Po, France
03:15pm – 03:45pm The impact of oil price shocks on the term structure of interest rates Christos Ioannidis, Aston Business School, UK Kook Ka, University of Bath, UK
03:45pm – 04:15pm Will assets be stranded or bailed out? Expectations of investors
in the face of climate policy Marie-Theres von Schickfus, University of Munich, Germany Suphi Şen, University of Munich, Germany
04:15am – 04:45pm The impacts of energy prices on industrial foreign investment
location: evidence from global firm level data Aurélien Saussay, Sciences Po, France Misato Sato, London School of Economics and Political Science, UK
03:15pm – 04:45pm Session G4: Energy Issues in Developing and Emerging Countries III Room 3
Chair: Duc Khuong Nguyen, IPAG Business School, France & Indiana University, USA
03:15pm – 03:45pm Comparisons of decoupling trends of global economic growth and energy consumption between developed and developing
31
countries Ya Wu, Jinan University, China Qianwen Zhu, Jinan University, China
03:45pm – 04:15pm Optimal policies for building up and drawing down stabilization
funds: An illustration using Saudi Arabia Nader AlKathiri, King Abdullah Petroleum Studies and Research Center, Saudi Arabia Tarek N. Atalla, King Abdullah Petroleum Studies and Research Center, Saudi Arabia Frederic H. Murphy, King Abdullah Petroleum Studies and Research Center, Saudi Arabia & Temple University, USA Axel Pierru, King Abdullah Petroleum Studies and Research Center, Saudi Arabia
04:15am – 04:45pm Promises and challenges – The latest developments in the
Iranian oil and gas sectors Tamás Dudlák, Corvinus University of Budapest, Hungary
03:15pm – 04:45pm Session G5: Energy Price Dynamics Room 4 Chair: Dayong Zhang, Southwestern University of Finance and Economics,
China
03:15pm – 03:35pm Emerging international energy trade dynamics. The role for unconventional hydrocarbons on facing future energy challenges Alessandro Chiodi, E4SMA, Italy Maurizio Gargiulo, E4SMA, Italy Francesco Gracceva, E4SMA, Italy Francesco De Milgio, E4SMA, Italy Amanda Spisto, European Commission, The Netherlands Anca Costescu, European Commission, The Netherlands
03:35pm – 03:55pm Analyzing and modeling high frequency realized volatility of
energy commodities Fei Liu, University of Liverpool, UK Athanasios Pantelous, University of Liverpool, UK Hans-Jörg Von Mettenheim, Leibniz Universität Hannover, Germany Christoph Wegener, IPAG Business School, France
03:55pm – 04:15pm European natural gas markets integration and the relationship
between natural gas and crude oil markets Marianna Russo, Cass Business School & Economic and Social Research Institute, UK
04:15am – 04:35pm Modeling oil-gas price relationship: A long memory approach
Dayong Zhang, Southwestern University of Finance and Economics, China
04:45pm – 05:00pm Closing Amphitheatre
32
LIST OF PARTICIPANTS First name Last Name Institution(s) A Ilyes Abid ISC Paris Business School, France Clemence Alasseur EDF France Jean-Pierre Amigues Toulouse School of Economics, France Dawud Ansari German Institute for Economic Research, Germany Martina Assereto UCD Michael Smurfit Graduate Business School, Ireland
Ezgi Avci-Surucu Erasmus University, The Netherlands & Ministry of Energy and Natural Resources, Turkey
B Albert Banal-Estanol Universitat Pompeu Fabra, Spain & City University London, UK Maria Belfiori Colorado State University, USA Sana Ben Kbaier University Paris Dauphine, France François Benhmad Montpellier University, France Rafael Benitez University of Barcelona Spain Audrey Berry CIRED, France Emeline Bezin PSE, France & IRES, Belgium Olivier Borne CentraleSupélec, France Patrice Bougette University of Côte d’Azur & CNRS, France Marco Buso University of Padova, Italy C Michael Chesser Dublin Institute of Technology, Ireland Julien Chevallier University of Paris 8 & IPAG Business School, France Isabel Clímaco ISCA - Coimbra Business School, Portugal Anna Creti University Paris Dauphine, France D Supratim Das Gupta Universidad de Guanajuato, Mexico Prudence Dato Savoie Mont Blanc University, France Ayelet Davidovitch University of Haifa, Israel Baran Doda London School of Economics, UK Tamás Dudlák Corvinus University of Budapest, Hungary E Balàz Egert OECD, France
33
F George Filis Panteion University of Social and Political Sciences, Greece Michael Flaherty The New School for Social Research, USA Maria Flora University of Padova, Italy Christoph Funk Giessen University, Germany G Marcello Galeotti University of Florence, Italy Hayette Gatfaoui IESEG School of Management, France Stéphane Goutte University of Paris 8, France Khaled Guesmi IPAG Business School, France H Marie-Christin Haufe Karlsruhe Institute of Technology, Germany
Mahmoud Hassan University of Angers, France Adhurim Haxhimusa Vienna University of Economics and Business, Austria Conor Hickey University College Cork, Ireland David Hoyos University of the Basque Country, Spain Matthias Huber University of Munich, Germany I Roula Inglesi-Lotz University of Pretoria, South Africa J Amy Myers Jaffe University of California, United States Michael Jefferson ESCP Europe Business School, France K Kook Ka University of Bath, UK Mohamad B. Karaki Lebanese American University, Lebanon
Fatih Karanfil University of Paris Ouest, France & Galatasaray University Economic Research Center, Turkey
Sebastian Kessing University of Siegen, Germany Lutz Kilian University of Michigan, USA Hyo-Jin Kim Seoul National University of Science & Technology, South Korea Harald Kinateder University of Passau, Germany Tony Klein Technische Universtitaet Dresden, Germany Tom Kompas Australian National University, Australia Peter K. Kruse-Andersen University of Copenhagen, Denmark
34
L
Sarah La Monaca Michael Smurfit Graduate Business School & Energy Institute, Ireland
Francesco Lamperti Sant’Anna School of Advanced Studies, Italy
Tatiana Lanshina Russian Presidential Academy of National Economy and Public Administration & Institute for U.S. and Canadian Studies, Russia
Cuong Le Van IPAG Business School & Paris School of Economics, France Lionel Lecesne Paris-Seine University & ESSEC Business School, France Kai Lessmann Potsdam Institute for Climate Impact Research, Germany M Roberta F. Mann University of Oregon School of Law, USA Alfred Marcus University of Minnesota Carlson School of Management, USA Cyril Martin de Lagarde Ecole des Ponts ParisTech & University Paris Dauphine, France Beatriz Martínez University of Valencia, Spain Ricardo Marto IMF, USA Olivier Massol IFP Energies Nouvelles, France Iuliana Matei IESEG Paris, France Atsuko Matsumura Tokyo International University, Japan Nils May DIW Berlin, Germany Massimiliano Mazzanti University of Ferrara, Italy Jahel Mielke Global Climate Forum & University of Potsdam, Germany
Beyza Mina Ordu Ankara Yıldırım Beyazıt University & Middle East Technical University, Turkey
Ana Maria Montoya Gómez Ifo Insitute, University of Munich, Germany Lucia Morales Dublin Institute of Technology, Ireland Moses Msiska Thompson Rivers University, Canada N
Mauro Napoletano OFCE & SKEMA Business School, France & Scuola Superiore Sant'Anna di Pisa, Italy
Isabella Neuweg London School of Economics and Political Science, UK Alex Ng Thompson Rivers University, Canada Duc Khuong Nguyen IPAG Business School, France & Indiana University, USA Joelle Noailly Centre for International Environmental Studies, Switzerland
Mateus Nogueira Meirelles de Souza University of Illinois at Urbana Champaign, USA
O Ahmed Ousman Abani Microeconomix & MINES ParisTech, France P
35
Vassilios Papavassiliou University College Dublin, Ireland Jacques Papy UQAM, Canada Maria Grazia Pazienza Università di Firenze, Italy Agustin Perez-Barahona University of Cergy-Pontoise, France Rüdiger Pethig University of Siegen, Germany
Axel Pierru King Abdullah Petroleum Studies and Research Center, Saudi Arabia
Federico Platania Pôle Universitaire Leonard de Vinci, France R Jimena Rico Banco de Mexico, Mexico Hatem Rjiba ESSCA School of Management, France Andrea Roncoroni ESSEC Business School, France Fabien Roques University Paris IX - Paris Dauphine, France Dirk Röttgers OECD, France
Marianna Russo Cass Business School & Economic and Social Research Institute, UK
S Misato Sato London School of Economics and Political Science, UK Aurélien Saussay Sciences Po, France Manuela Schöner Frankfurt School of Finance and Management, Germany Guido Schotten Dutch Central Bank (DNB), The Netherlands Ingmar Schumacher IPAG Business School, France Luigi Sereno Joint Research Centre, European Commission Lim Seul-Ye Seoul National University of Science and Technology, South Korea Benoît Sévi University of Nantes, France
Muhammad Shahbaz Montpellier Business School, France & Institute of Information Technology, Pakistan
Syed Jawad Hussain Shahzad Montpellier Business School, France
Damian Shaw-Williams Queensland University of Technology, Australia Amanda Spisto European Commission, The Netherlands
Eric Strobl Aix-Marseille School of Economics & IPAG Business School, France
Gino Sturla Zerene University of Chile, Chile T Luca Taschini London School of Economics and Political Science, UK Frédéric Teulon IPAG Business School, France Oliver Tietjen Potsdam Institute for Climate Impact Research, Germany Aviral Tiwari Montpellier Business School, France Richard S.J. Tol University of Sussex, United Kingdom
36
Joseph Tomain University of Cincinnati College of Law, USA Quoc Tran Nam University of Strasbourg & CNRS, France Raphael Trotignon Climate Economics Chair, France Elisa Trujillo-Baute Universitat de Barcelona, Spain V Yasmin Valji Office of Gas and Electricity Markets (OFGEM), UK
Marc Vielle Laboratoire d'Economie Urbaine et de l'Environnement (LEURE), Switzerland
Hans-Jörg Von Mettenheim Leibniz Universität Hannover, Germany Marie-Theres von Schickfus University of Munich, Germany W Thomas Walther Technische Universitat Dresden, Germany Antony Ware The University of Calgary, Italy Christoph Wegener IPAG Business School, France
Cees Withagen IPAG Business School, France & VU University, The Netherlands
X Yuan Xu The Chinese University of Hong Kong, Hong Kong Y Seung-Hoon Yoo Seoul National University of Science & Technology South Korea Z Miroslava Zavadska Dublin Institute of Technology, Ireland Olivier David Zerbib ISFA & Groupama Asset Management, France Dayong Zhang Southwestern University of Finance and Economics, China Qianwen Zhu Jinan University, China Iva Zvěřinová Charles University Environment Center, Czech Republic
37
LIST OF PARTICIPANTS BY COUNTRY
Australia 3
Austria 1
Belgium 1
Canada 3
Chile 1
China 2
Czech Republic 1
Denmark 1
France 40
Germany 17
Greece 1
Hong Kong 1
Hungary 1 Ireland 7
Israel 1
Italy 9
Japan 1
Lebanon 1
Mexico 2
Netherlands 4
Pakistan 1
Portugal 1
Russia 1
Saudi Arabia 1
South Africa 1
South Korea 3
Spain 5
Switzerland 2
Turkey 3 United Kingdom 9
United States 10
38
ACKNOWLEDGEMENTS Economic activity, environmental concerns and energy consumption are inextricably linked. We are currently in the early stage of a major energy transition. IPAG Business School places the environmental protection and corporate social responsibility at the heart of its research agenda. We live it as a public-spirited commitment. On behalf of the organizing committee, I thank you very much for your presence throughout this Symposium. Frédéric Teulon Executive Head of Research IPAG Business School
39
NOTES
70 researchers in economics, finance and management3 000 students
130 partner universities throughout the worldWWW.IPAG.FR