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Webinar on the economics of climate change: Towards a climate neutral economy - what role for economic policies?


Summary

Policy makers and economists are confronted with the challenge of accompanying the recovery from COVID-19 and creating the conditions for inclusive and fair economic prosperity while moving towards climate neutrality to ensure sustainable growth.

This will require a coherent mix of economic policy tools that orient investment and consumption decisions towards sustainable activities across the whole economy, while addressing the distributional and competitiveness aspects of the transition.

The capacity to deliver these economic outcomes requires a deeper understanding of the economic implications of the climate transition. Advanced modelling techniques can help simulate the various impacts of an appropriate policy mix. The webinar will comprise three sessions:

  • The cost of inaction on climate change
  • The design of cost-effective economic policies to mitigate climate change
  • Macro-economics and climate action – what are the missing links?

The seminar will bring together a range of researchers, academics and experts from the European Commission and the International Monetary Fund. 

Commissioner Paolo Gentiloni will give some introductory remarks, which will be followed by a keynote speech by Lord Nicholas Stern, IG Patel Professor of Economics and Government, LSE and Chair of the Grantham Research Institute on Climate Change and the Environment.

Privacy statement climate conference as Teaser

Key-note speech

DownloadPDF - 1.1 MB

Session 1: The cost of inaction on climate change

DownloadPDF - 3.9 MB
DownloadPDF - 5.9 MB
DownloadPDF - 2.2 MB
DownloadPDF - 705.3 KB

Session 2: Modelling mitigation

DownloadPDF - 573.7 KB
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DownloadPDF - 400 KB

Panel discussion: Macro-economics and climate action – what are the missing links?

DownloadPDF - 160.1 KB
DownloadPDF - 573.5 KB
DownloadPDF - 5.2 MB

Closing session

Agenda

  • 25 Marzo: 13.30 - 13.35 (Europe/Brussels)

    Introduction

    Maarten Verwey, European Commission,  Director-General DG ECFIN

  • 25 Marzo: 13.35 - 13.50

    Opening speech

    Paolo Gentiloni, Commissioner for Economic and Financial Affairs

  • 25 Marzo: 13.50 - 14.20

    Key-note speech

    Lord Nicholas Stern, IG Patel Professor of Economics and Government, LSE and Chair of the Grantham Research Institute on Climate Change and the Environment

  • 25 Marzo: 14.20 - 15.35

    Session 1: The cost of inaction on climate change

    Chair:  Clara De La Torre, European Commission, Deputy Director-General DG CLIMA

    Discussant: Frank Dentener, European Commission, DG Joint Research Centre

    Speaker 1: Marshall Burke, Stanford University

    Speaker 2: John Hassler,  University of Stockholm/IIES

    Speaker 3: Juan-Carlos Ciscar, European Commission, DG Joint Research Centre

    Speaker 4: Francesco Bosello, Euro-Mediterranean Center on Climate Change

    General discussion

  • 25 Marzo: 15.35 - 15.50

    Break

  • 25 Marzo: 15.50 - 17.05

    Session 2: Modelling mitigation

    Chair:  Åsa Johannesson Lindén, European Commission, DG ECFIN

    Discussant: Georg Zachmann, Bruegel

    Speaker 1: Jean Château, IMF 

    Speaker 2: Matthias Weitzel, European Commission, DG Joint Research Centre

    Speaker 3: Janos Varga, European Commission, DG ECFIN

    Speaker 4 : Benjamin Carton, IMF

    General discussion

  • 25 Marzo: 17.05 - 18.05

    Panel discussion: Macro-economics and climate action – what are the missing links?

    Chair: Géraldine Mahieu, European Commission, DG ECFIN, Director for Investment, growth and structural reforms

    Panel Introduction: Jean Pisani-Ferry, Sciences Po, Paris / EUI, Florence / Bruegel, Brussels / PIIE, Washington DC

    Panel Contributors:

    • Ian Parry, IMF
    • Christoph Böhringer, University of Oldenburg
    • Phoebe Koundouri, University of Athens
    • Tom van Ierland, European Commission, DG CLIMA
  • 25 Marzo: 18.05 - 18.15

    Closing session

    Géraldine Mahieu, European Commission, DG ECFIN, Director for Investment, growth and structural reforms

Practical information

When
25 March 2021, 13.30 (CET)