MATHIAS REYNAERT
Toulouse School of Economics
ERC STARTING GRANT
SPACETIME – Econometric Models to Evaluate Environmental and Spatial Effects of Long-Lasting Policies
TOBIAS BERG
Frankfurt School of Finance & Management
ERC CONSOLIDATOR GRANT
ClimateBanking – Banking and Climate Change
MASSIMO TAVONI
Polytechnic of Milan and CMCC
ERC CONSOLIDATOR GRANT
EUNICE – Debiasing the uncertainties of climate stabilization ensembles
BARD HARSTAD
University of Oslo
ERC ADVANCED GRANT
EXPLOIT – Environmental Exploitation Of Political Economics
MATHIAS REYNAERT
Toulouse School of Economics
ERC STARTING GRANT
SPACETIME – Econometric Models to Evaluate Environmental and Spatial Effects of Long-Lasting Policies
Start date: Sep 1st 2023 End date: Aug 31st 2028
The idea of the SPACETIME project is to examine how policy and spatial distribution of economic activity interact with one another. It aims at understanding better how important policies in Europe have determined how economy takes up space in this territory. There is a clear trade-off between the space that we take for human activity and the one we leave unused: there’s the territory in which we live and create economic activity, those areas cannot be used to let a forest grow or biodiversity settle in. But if humans al concentrate in the same location, pollution and congestion will cause large economic losses. With my co-authors, we will be studying the environmental externalities of land use, congestion and pollution.
TOBIAS BERG
Frankfurt School of Finance & Management
ERC CONSOLIDATOR GRANT
ClimateBanking – Banking and Climate Change
June 1st 2023 End date: May 31st 2028
ClimateBanking project is devoted to understanding the role of the banking sector in addressing climate change, how banks can contribute to decarbonising the economy, and the channels by which they exert their influence. More than half of carbon emissions arise from bank-dependent sectors of the economy; and a large part of renewable energy production is financed by banks. Yet, the role of banks in addressing climate change is not yet well understood.
The project will analyse several channels through which the banking sector plays a central role in addressing climate change, such as the role of laws, regulations and governance mechanisms, the role of state-owned banks, as well as the interaction between public markets and banks. Research focuses on the role of the banking industry for firms and for households.
The project will create unparalleled new data sets using AI and machine-learning tailored to analysing the role of the banking sector in addressing climate change. The results of the project can help academics, regulators, policymakers and society to understand and address one of the key challenges of our times.
MASSIMO TAVONI
Polytechnic of Milan and CMCC
ERC CONSOLIDATOR GRANT
EUNICE – Debiasing the uncertainties of climate stabilization ensembles
Start date: Dec 1st 2022 End date: Nov 30th 2027
EUNICE seeks to develop an innovative and integrated approach to quantify, translate, and communicate in an effective manner the deep uncertainties associated with climate mitigation and adaptation strategies, advancing the foundations of mathematical modeling for climate change policy.
EUNICE combines computational and behavioral sciences to increase robustness and confidence in the quantification of profound climate uncertainties, both now and in deep time. The approach and innovations developed by EUNICE can be applied to other areas characterized by high stakes and high risks.
Bård HARSTAD
University of Oslo
ERC ADVANCED GRANT
EXPLOIT – Environmental Exploitation Of Political Economics
Start date: January 1st 2023 End date: December 31st 2028
The EXPLOIT project seeks to shed light on two questions:
1: What political economics forces explain the failure to deal with environmental problems?
2: How can environmental agreements and contracts exploit domestic political forces?
The first, positive, part seeks to develop dynamic political economics models that can be combined with models of climate change and other environmental problems. The goal is to learn more about what political economics forces or constraints are best able to explain the observed inefficiencies in environmental policies. This knowledge is necessary before we can analyse which policies are best – subject to the relevant constraints.
The second, normative, part is more groundbreaking because it investigates how international environmental policies can exploit the political forces that are important at the domestic level. By drawing on contract theory and organizational economics, the project will investigate how international policies can exploit time-inconsistent incumbents’ demands for commitment, how status-quo biases offer credibility, and how inattention permits persuasion.
