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Papers and presentations


The FSR Climate Annual Conference focused on the economic assessment of European climate policies.

The conference covered the main climate-related existing policies, at EU, national and subnational levels and  included four sessions, each of them with an invited speaker:

• EU ETS: Simone Borghesi (University of Siena)
• Carbon/energy taxation: Thomas Sterner (University of Gothenburg)
• Energy efficiency policies: Joachim Schleich (Grenoble Ecole de Management and Fraunhofer ISI)
• Renewable policies: Karsten Neuhoff (DIW Berlin and Technical University Berlin)

Roger Guesnerie (Collège de France), gave the keynote speech.

Jos Delbeke, Director General for Climate Action, European Commission, attended the conference and gave a keynote speech during the social dinner of the event. 


Interview with Jos Delbeke, Director General for Climate Action, European Commission

Keynote speech:
Roger Guesnerie, Collège de France


Plenary Presentations

Karsten Neuhoff, DIW Berlin

Heterogeneity in household preferences – implications for energy efficiency modeling and policy
Joachim Schleich, Grenoble Ecole de Management

Carbon tax: an option in designing climate policies
Thomas Sterner, University of Gothenburg

The EU ETS and its followers: connecting the dots
Simone Borghesi, University of Siena




Plenary presentation

How can renewables support Europe Karsten Neuhoff, DIW Berlin

Session 1: Energy and carbon taxation

Cars, carbon taxes and CO2 emissions (PAPER) Julius Andersson, LSE

Is the gasoline tax regressive in the twenty-first century? Taking wealth into account (EUI WORKING PAPER) Jordi J. Teixidó, Stefano F. Verde, FSR Climate, EUI

Tax incidence in the fuel market: evidence from station-level data (PAPER) Jarkko Harju, Tuomas Kosoneny, Marita Laukkanen, VATT

Efficiency and distributional impacs of Swiss energy policies Mirjam Kosch, ETH Zurich, Florian Landis, Sebastian Rausch


Session 2: Renewable energy

Carbon mitigation in the electric power sector under cap-and-trade and renewables policies (PAPER) Eric Delarue, KU Leuven, Kenneth Van den Bergh
The impact of carbon pricing on renewables’ profitability (PAPER) Alexander Verhagen, Kris Poncelet, Eric Delarue, KU Leuven

Renewables vs. conventional power: peak-load pricing with different types of dispatchability (PAPER) Klaus Eisenack, Mathias Mier, University of Oldenburg

The French nuclear bet (PAPER) Quentin Perrier, CIRED

How critical is the CO2 price for the recovery of electricity prices in CWE? Johan Albrecht, Gent University, Lennert Thomas, Sam Hamels


Keynote speech:

Economic debates on the design of climate policies : selected insights 
Roger Guesnerie, Collège de France


Plenary presentation

Heterogeneity in household preferences – implications for energy efficiency modeling and policy
Joachim Schleich, Grenoble Ecole de Management


Session 3: Climate and energy policy issues

The role of moderate carbon prices in electricity sector decarbonisation (see chapter 3) Jesse Scott, IEA

Hitting the mark on missing money: how to ensure reliability at least cost to consumers (PAPER) Michael Hogan, Regulatory Assistance Project

EU Reference Scenario 2016 Energy, transport and GHG emissions (REPORT) Joan Canton, DG Energy, European Commission

Translating the collective climate goal into a common climate commitment (POLICY BRIEF) – presentation Peter Cramton, University of Maryland and EUI, Axel Ockenfels, Jean Tirole


Session 4: Households and climate policies

Preferences for energy efficiency vs. renewables: how much does a ton of CO2 emissions cost? (download the paper here) Anna Alberini, Andrea Bigano, Milan Ščasný, Charles University, Iva


Which climate change policies do Czech, British, and Polish citizens prefer? (PAPER, see also the presentation) Milan Ščasný, Iva Zvěřinová, Charles University, Mikolaj Czajkowski, Eva Kyselá, Katarzyna Zagórska

Welfare and redistribution in energy markets with solar power Fabian Feger | University of Bern, Nicola Pavanini, Doina Radulescu

Carbon is forever: a climate change experiment on cooperation Giacomo Calzolari, Marco Casari, University of Bologna, Riccardo Ghidoni


Plenary presentation

Carbon tax: an option in designing climate policies
Thomas Sterner, University of Gothenburg


Session 5: International dimension of climate policy

The effect of carbon taxes on emissions and carbon leakage: evidence from the European Union Maria Alsina Pujols, University of Zurich

Carbon-motivated border tax adjustment: a proposal for the EU Paola Rocchi, University of Barcelona, Iñaki Arto Jordi Roca Mònica Serrano

Foreign direct investment and the pollution haven hypothesis – evidence from listed firms Grégoire Garsous, OECD, Tomasz Koźluk

Global warming as an asymmetric public bad (PAPER) Louis-Gaëtan Giraudet,  CIRED, Céline Guivarch


Session 6: Multiple instruments in climate policy

Second-best analysis of European energy policy: is one bird in the hand worth two in the bush? Carolyn Fischer, Michael Hübler, Oliver Schenker, Frankfurt School of Finance and Management

Equity vs efficiency in energy regulation Carolyn Fischer,  Resources for the Future, William Pizer

Paradox of overlapping climate policy Instruments Roland Magnusson, University of Helsinki

Compliance technology and self-enforcing agreements (PAPER) Alessia Russo,  University of Oslo, Francesco Lancia, Bard Harstad




Session 7: Investment and innovation

Laggard sectors and green growth policies Claudio Baccianti, ZEW

Investment, technological progress and energy efficiency (PAPER) Antonia Diaz, Luis A. Puch, Universidad Complutense de Madrid

The political economy of energy innovation (PAPER) Shouro Dasgupta, FEEM, Enrica De Cian, Elena Verdolini


Session 8: EU ETS

EU ETS, free allocations, and activity level thresholds: the devil lies in the details Frédéric Branger, Jean-Pierre Ponssard, Oliver Sartor, Misato Sato, LSE

Emission benchmark setting in the materials sector: an analytical framework Vera Zipperer, Misato Sato, Karsten Neuhoff, DIW Berlin

Differentiating permits allocation across areas Jean-Philippe Nicolai, ETH Zurich, Jorge Zamorano

Facts and figures for finalising an effective reform of the EU Emissions Trading System (PAPER – see also presentationStefan P. Schleicher, University of Graz, Angela Köppl, Alexander Zeitlberger 


Plenary presentation

The EU ETS and its followers: connecting the dots
Simone Borghesi, University of Siena


Other conference’s editions:

FSR Climate Annual Conference 2017

FSR Climate Annual Conference 2015

Bios of keynote and invited speakers 

Simone Borghesi Climate Conf 2016Simone Borghesi

Simone Borghesi (M.Sc. University College London, Ph.D. European University Institute) is Associate Professor at the University of Siena. He worked at the International Monetary Fund, the Fondazione ENI Enrico Mattei and the University of Pescara. He is currently President-elect of the Italian Association of Environmental and Resource Economists (IAERE) and Co-director of the research group R4S (Regulation for Sustainability). He has been member/Unit coordinator of several Italian and European research projects and invited to the UN 2012 High-Level Meeting on Happiness and Wellbeing: Defining A New Economic Paradigm. He published over 50 articles in edited volumes and peer-reviewed international journals and three books. His main research areas are globalisation and sustainable development, the environmental Kuznets curve, emission trading, evolutionary game models. 


Roger Guesnerie Climate Conf 2016Roger Guesnerie

Roger Guesnerie has been Professor at Collège de France and Chairman of the Board of the Paris School of Economics until 2015. He has taught in France and abroad, (LSE and top American Universities) and served as coeditor of Econometrica (1984–1989). He has published more than a hundred academic articles and a dozen of books. His fields of interest include general equilibrium, public economics, incentives and mechanism design, and more recently the assessment of expectations formation and climate policies. He was elected President of several scholarly societies, notably the Econometric Society (1996), and the European Economic Association (1994). He is a Foreign Member of the American Academy of Arts and Science.



Karsten Neuhoff

Karsten Neuhoff is head of the Department Climate Policy at the German Institute for Economic Research and Professor for Energy and Climate Policy at the Technical University Berlin. He has published 42 journal articles and 4 books on the topic of Power Market design, Technology Policy in the context of materials sector and renewables technologies, Emission Trading and International Climate Policy. He is leading research and advice projects for the EU Commission and governments for several EU member states. He holds a Diploma in Physics from the University of Heidelberg, an MSc in Economics from the London School of Economics, and a PhD in Economics from the University of Cambridge.


Joachim Schleich Climate Conf 2016Joachim Schleich

Joachim Schleich received economics degrees from University of Mannheim (Diploma), University of Florida (MSc) and Virginia Tech (PhD). He is Professor of Energy Economics at Grenoble Ecole de Management (France), where he leads the Energy Management Team. He is also employed at the Fraunhofer Institute for Systems and Innovation Research (Germany), and an Adjunct Professor at Virginia Tech (USA). Schleich has consulted for the European Commission and several national governments on energy efficiency policy, the EU ETS, and international climate policy. He has published more than forty articles in peer-reviewed journals. His current research focuses on conceptual and empirical analyses of factors driving company and household adoption of energy-efficient technologies, the evaluation of energy efficiency policies, and on corporate response to the EU ETS.


Thomas Sterner Climate Conf 2016Thomas Sterner

Thomas Sterner, is Professor of Environmental Economics at the University of Gothenburg. His research focuses on the design of policy instruments to deal with resource and environmental problems. Sterner has published more than a dozen books and a hundred articles in refereed journals, mainly on environmental policy instruments with applications to energy, climate, industry, transport economics and resource management in developing countries. With Gunnar Köhlin, he has founded the Environment for Development Initiative. Sterner is the recipient of the Myrdal Prize and has been President of the European Association of Environmental and Resource Economists. In 2012-2013 he served as Visiting Chief Economist of the Environmental Defense Fund in New York and in 2015-2016 he was guest professor at the Collège de France.

Villa La Fonte – Conference Room
Villa La Fonte, Via delle Fontanelle
Fiesole, Florence 50014 Italy

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