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The FSR Climate Annual Conference on the Economic Assessment of European Climate Policies took place at the European University institute in Florence on 26-27 November 2018.

The conference covered the main climate-related existing policies, at EU, national and subnational levels and included plenary sessions on Energy efficiency, Renewable policies, Environmental taxation, and Emissions Trading.

Conference chaired by: Simone Borghesi, Director, FSR Climate

Download the programme

Papers and presentations


Keynote speaker: Frank Convery (University College, Dublin)
Plenary speakers:

Organised with the support of EAERE

Speakers highlights video


The spatial dimension in the economics of climate change, Anastasios Xepapadeas

Carbon-reducing innovation as the essential policy frontier – towards finding the ways that work for Europe, Frank Convery (Keynote speech)


The transition to sustainable energy, Charles Mason

Climate policy, innovation and energy efficiency, Corrado Di Maria




Monday, 26 November

Plenary presentation: Environmental taxation

The spatial dimension in the economics of climate change
Anastasios Xepapadeas
 (Athens University of Economics and Business and University of Bologna)


Session 1: Environmental taxation

How climate-related policy affects the economics of generation-capacity investment (Slides)
Yixian Liua, Ramteen Sioshansi (The Ohio State University), Antonio J. Conejo

Short-term health benefits from carbon taxation:  can climate policy support preventive health care ambitions? (SLIDES)
Johan Albrecht (Ghent university), Désirée Vandenberghe

Session 2: Renewables


Clean energy investment and credit rationing (Paper)
Christian Haas, Karol Kempa (Frankfurt School of Finance and Management)

Emissions impacts of overlapping regulation: interactions of renewable energy promotion and carbon pricing (PAPER)
Jan Abrell, Mirjam Kosch (Zurich University of Applied Sciences)

Evolution of EROIs until 2050: estimation using the input-output model THEMIS (Paper)
Adrien Fabre (Paris School of Economics, Université Paris 1)

Keynote speech

Carbon-reducing innovation as the essential policy frontier – towards finding the ways that work for Europe
Frank Convery University College Dublin and EnvEcon

Plenary presentation: Renewables


The transition to sustainable energy
Charles Mason University of Wyoming

Session 3: Renewables

On international renewable cooperation mechanisms: the impact of national RES-E support schemes
Jelle Meus (KU Leuven), Kenneth Van den Bergh, Erik Delarue, Stef Proost

Energy transition with variable and intermittent renewable electricity generation (Slides)
Aude Pommeret, Katheline Schubert (Paris School of Economics, University Paris 1)

Resource management, present bias and regime shifts
Arvaniti (ETH Zürich and Umeå University), Chandra K. Krishnamurthy, Anne-Sophie Crépin

Session 4: Emissions trading

Competitive permit banking and market design: an application to the EU-ETS reform (Slides)
Simon Quemin London School of Economics, Raphaël Trotignon

Genealogy of the corporate internal carbon pricing performations network: framework and case studies (SLIDES)
Raphael Olivier (Climate Economics Chair,Paris-Dauphine University)

Benchmarks for emissions trading – general principles for emissions scope (Slides)
Vera Zipperer (DIW Berlin), Misato Sato, Karsten Neuhoff

Plenary presentation: Energy efficiency

Induced innovation and energy efficiency
Corrado Di Maria (University of East Anglia)


Session 5 Energy efficiency

Energy efficiency networks – do they work? Evidence from German firm-level data (Slides)
Jan Stede (DIW Berlin)

Green, yellow or red lemons? Artefactual field experiment on houses energy labels perception (Slides)
Edouard Civel, Nathaly Cruz (Paris-Nanterre University)

Long-term efficiency and distributional impacts of energy saving policies in the French residential sector (Paper)
Louis-Gaëtan Giraudet | CIRED and École des Ponts ParisTech, Cyril Bourgeois, Philippe Quirion

Conveyance, envy, and home-owners adoption of energy-efficient appliances (Slides)
Joachim Schleich (Grenoble École de Management), Corinne Faure, Marie-Charlotte Guetlein, Gengyang Tu


Session 6: Issues in climate policy 1

Dynamic heterogeneity: rational habits and the heterogeneity of household responses to gasoline prices (Slides)
Aurélien Saussay (OFCE, Sciences Po)

True or not true:   carbon-free electricity generation is possible (Paper)
Simen Gaure, Rolf Golombek (Frisch Centre)

Fossil commodity futures and the Trump election (Slides)
Samson Mukanjari (University of Gothenburg)


Tuesday, 27 November


Plenary presentation: Emissions trading 

Emissions trading and firm behaviour: evidence from European firms
Ulrich Wagner
(University of Mannheim)

Session 7: Emissions trading

A first analysis of the Market Stability Reserve in the European emission trading system (Slides)
See also: The Long-Term Impact of the Market Stability Reserve on the EU Emission Trading System
Kenneth Bruninx (KU Leuven), Marten Ovaere, Erik Delarue

Barriers to trading in the EU-ETS: a theoretical and empirical appraisal (Slides)
Marc Baudry, Anouk Faure (Climate Economics Chair and Paris-Nanterre University), Simon Quemin

Using emissions trading schemes to reduce heterogeneous distortionary taxes: the case of recycling carbon auction revenues to support renewable energy (Slides)
Claire Gavard (Centre for European Economic Research), Sebastian Voigt, Aurélien Genty

Session 8:
Environmental taxation


The Environmental effectiveness of carbon taxes: a comparative case study of the Nordic experience (Slides)
Sachintha Fernando (Verité Research and Uppsala University)

Are emission performance standards effective in pollution control? Evidence from the EU’s large combustion plant directive (Slides)
Puja Singhal (DIW Berlin)

Is pricing municipal waste effective? Evidence for heterogeneous effects in Italy (Slides)
Marica Valente (Humboldt University of Berlin and DIW Berlin)


Session 9: Issues in climate policy 2


Innovation in climate change mitigation technologies and environmental regulation (Slides)
Igor Bagayev, Dieter Kogler, Julie Lochard (University Paris East Créteil)

Trust and CO2 emissions: cooperation on a global scale (Paper)
Ara Jo (ETH Zürich), Stefano Carattini

The circular economy, international trade, and the sectoral composition of economies (Slides)
Juan F. García-Barragán (KU Leuven), Balazs Zelity

The low-carbon transition: first evidence from US counties (Paper)
Jeremy Proville, Thomas Stoerk (DG for Climate Action, European Commission)

Session 10: Environmental taxation


Social welfare, public policy and clean technology: is it worth incentivising firms’ adoption of green technology? (Slides)
Ana Espinola-Arredondo, Kinga Barbara Tchorzewska (University of Barcelona)

Deep reforms in electricity pricing: evidence from a quasi-experiment (Slides)
Xavier Labandeira, Jose M. Labeaga, Jordi J. Teixidó (University of Barcelona)

Redistribution through income taxation and public utility pricing in the presence of energy efficiency considerations (Slides)
Fabian Feger, Doina Radulescu (University of Bern)

How effective was the UK carbon tax? Using machine learning and economic theory for policy evaluation (Slides)
Jan Abrell (ETH Zürich), Mirjam Kosch, Sebastian Rausch



Speakers bios



Frank Convery is Adjunct Professor for Environmental Policy, University College, Dublin; He has recently stepped down as Chief Economist,  Environmental Defense Fund (New York)

He is a member of Ireland’s Climate Change Advisory Council. His career is devoted to finding ways that work to correct for the failure of markets untrammelled to protect the environment. He led the research network that informed the shaping of what became the European Union Emissions Trading Scheme (EU ETS), which put a price on emissions emerging from the power sector and heavy industry in Europe. He served as a member of the Irish Commission on Taxation which in 2009 recommended the introduction of a carbon tax. The government acted on this recommendation and introduced the tax in 2010.

fsr climate annual conf 2018Corrado Di Maria is a Reader in Economics at the University of East Anglia in Norwich (UK). He has broad research interests spanning the economics of growth, environmental and natural resource, energy economics and the economics of innovation. The key feature of his work is an emphasis on both theoretical and empirical aspects, as well as its policy relevance. He earned his PhD degree from Tilburg University in the Netherlands, having previously studied in Rome, Milan and Vienna. His recent research focuses on the interaction between environmental policy and natural resource use, the taxation of exhaustible resources, emissions trading schemes and energy efficiency, and environmental policy under directed technological change.


fsr climate annual conf 2018Charles Mason is the H. A. “Dave” True, Jr. Chair in Petroleum and Natural Gas Economics in the Department of Economics and Associate Dean for Research in the College of Business at the University of Wyoming.  He is an internationally known scholar with over 80 publications in peer-reviewed journals and book chapters.  He served as the managing editor of the Journal of Environmental Economics and Management (the top international journal in the field of Environmental and Resource Economics), from 2006 to 2011.  He earned a double B.A. in Economics and Mathematics in 1977 and a Ph.D. in Economics in 1983, all at the University of California at Berkeley.  




Anastasios Xepapadeas is currently Professor of Economics at the Department of International and European Economic Studies of Athens University of Economics and Business, and the Department of Economics of the University of Bologna. In May 2018 he was elected a foreign associate of the US National Academy of Sciences. He is past president of the European Association of Environmental and Resource Economics and past Chair of the Board of Directors of the Beijer Institute of the Royal Swedish Academy of Sciences. He has published over 130 papers in leading journals and collective volumes. Current research interests include the Economics of Climate Change; Spatiotemporal Analysis in Economics; Uncertainty, and Robust Control.


FSr climate conf 2018Ulrich Wagner is a Professor of Economics at the University of Mannheim and a research associate at ZEW. His research interests are in environmental economics, industrial organization and public economics. Ulrich Wagner is a co-editor of the Journal of the Association of Environmental and Resource Economists and an editorial board member of the Journal of Environmental Economics and Management. In 2015 he was awarded the Erik Kempe Award in Environmental and Resource Economics.

Before joining the University of Mannheim, Ulrich held appointments at Universidad Carlos IIIin Madrid and at the Earth Institute at Columbia University. He obtained his Ph.D. in Economics from Yale University.


Past editions  of the FSR Climate Annual Conference

FSR Climate Annual Conference 2017

FSR Climate Annual Conference 2016

FSR Climate Annual Conference 2015

Badia Fiesolana – Refettorio
Via dei Roccettini 9
San Domenico di Fiesole, FL 50014 Italy

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