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FSR Climate is pleased to announce its 5th Annual Conference on the Economic Assessment of European Climate Policies to take place at the European University institute in Florence on 28-29 November 2019.

The conference will cover the main climate-related existing policies, at EU, national and subnational levels and will include plenary sessions on Energy efficiencyRenewable policies, Environmental taxation, and Emissions trading.

Chaired by: Simone Borghesi, Director FSR Climate

Keynote speaker: Jeroen van den Bergh (Universitat Autònoma de Barcelona and VU University Amsterdam): “A transition to global carbon pricing”

Plenary Speakers:

  • Energy efficiency –Matthieu Glachant (MINES Paristech): Selling energy and saving energy: The industrial organisation of energy savings obligations
  • Renewable policies – Natalia Fabra (Universidad Carlos III, Madrid): Competition among renewables
  • Environmental taxation – Stephen Smith (University College London): The more the merrier? Potential and pitfalls of instrument combinations in climate policy
  • Emissions trading – Luca Taschini (Grantham Research Institute LSE and University of Verona): Emissions trading systems, cap adjustments and the Market Stability Reserve

List of videos from the plenary presentations

Emissions trading

Luca Taschini | London School of Economics

Environmental Taxation

Stephen Smith | University College London

A Transition to Global Carbon Pricing

Jeroen Van den Bergh | Universitat Autònoma de Barcelona and VU University Amsterdam


Natalia Fabra | Universidad Carlos III, Madrid

Presentations and papers – FSR Climate annual conference


Plenary presentation: Environmental Taxation

The More the Merrier? Potential and Pitfalls of Instrument Combinations in Climate Policy [Slides] [Video]

Stephen Smith | University College London

Session 1: Environmental Taxation

Yellow Vests, Endogenous Beliefs, and Carbon Tax Aversion [Paper]

Thomas Douenne | Paris School of Economics, University Paris 1 Panthéon-Sorbonne;

Adrien Fabre

Session 2: Renewables

Procurement Auctions for an Electricity System with Increased Wind Technology [Slides]

Aimilia Pattakou | ETH Zurich

Do Sustainable Energy Policies Matter for Reducing Greenhouse Gas Emissions? [Paper]

Donatella Baiardi | University of Parma

Keynote lecture

A Transition to Global Carbon Pricing [Slides]

Jeroen van den Bergh | Universitat Autònoma de Barcelona and VU University Amsterdam

Plenary presentation: Emissions trading

Emissions Trading Systems, Cap Adjustments and the Market Stability Reserve [Slides] [Video]

Luca Taschini | London School of Economics

Session 3: Issues in Climate Policy (1)

Living in an Uncertain World: Environment Substitution, Local and Global Indeterminacy [Slides]

Mauro Sodini | University of Pisa; Angelo Antoci and Simone Borghesi

Modelling Maladaptation In the Inequality-Environment Nexus [Slides]

Elisa Ticci | University of Siena; Angelo Antoci and Paolo Russu

Five Shades of Green: Heterogeneous Environmental Attitudes in an Evolutionary Game Model [Slides]

Giulio Galdi | University of Siena; Angelo Antoci and Simone Borghesi

Session 4: Emissions Trading (1)

Allowance Prices in the EU ETS – Fundamental Price Drivers and the Recent Upward Trend [Slides]

Marina Friedrich | Potsdam Institute for Climate Impact Research; Michael Pahle

Impact of Political Announcements on the EU ETS [Slides]

Juan Fernando López Hernández| European Lime industry Association- EuLA and Industrial Minerals Association-IMA -Europe A.I.S.B.L.

Plenary presentation: Energy Efficiency

Selling Energy And Saving Energy: The Industrial Organisation Of Energy Savings Obligations [Slides] [Video]

Matthieu Glachant | Mines ParisTech

Session 5: Energy Efficiency

Electricity Intensity in the Developed Countries: Global Divergence, Club Convergence and the Role of the Structure of the Economy [Paper]

Lior Gallo | Bank of Israel

The Effects of Energy Literacy and Household Income on Consumer Choice of EnergyEfficient Appliances – Insights from o Multi-Country Discrete Choice Experiment and Welfare Analysis [Slides]

Joachim Schleich | Grenoble School of Management; Marie-Charlotte Guetlein, Corinne

Faure and Gengyang Tu

Is there Climate Policy Integration in EU Energy Efficiency and Renewable Energy Policies? Yes, No, Maybe [Slides]

Daniela Kletzan-Slamanig | Austrian Institute of Economic Research; Claudia Kettner-Marx

Session 6: Issues in Climate Policy (2)

Transboundary Water Governance and Institutional Effectiveness In the Lower Mekong Delta: An Analysis of the Mekong River Commission [Slides]

Julie Pellizzari | Foundation Euro – Mediterranean Center of Climate Change

Energy and Productivity in the UK: Demand and Supply Perspective [Slides]

Shimaa Elkomi | University of Surrey; Simon Mair, Tim Jackson


29 November

Plenary presentation: Renewables

Competition among Renewables [Slides] [Video]

Natalia Fabra | Universidad Carlos III, Madrid

Session 7: Emissions trading (2)

Hedging and the Temporal Permit Issuance in Cap- and –Trade Programs: the Market Stability Reserve Under Risk Aversion [Slides] [Paper]

Oliver Tietjen | Potsdam Institute for Climate Impact Research; Kai Lessmann and Michael Pahle

Session 8: Environmental taxation (2)

Energy Prices and Firm’s Economic Performances in Emerging Countries [Slides]

Francesco Nicolli |University of Ferrara

Gasoline Price Uncertainty and New Vehicle Fuel Economy [Slides]

Stefano F. Verde | European University Institute, FSR Climate; Valeria Di Cosmo

Session 9: Emissions trading (2)

Energy Taxes and Manufacturing Firm Performance: Evidence from Finland’s Green Tax Reform [Slides]

Marita Laukkanen | VATT Institute for Economic Research; Kimmo Ollika and Saara Tamminen

Is a Double Dividend Possible For The Irish Carbon Tax? [Slides]

Aykut Mert Yakut | Economic and Social Research Institute; Kelly de Bruin

Session 10: Issues in Climate Policy (3)

A Semiparametric Analysis of Green Inventions and Environmental Policies [Slides]

Massimiliano Mazzanti | University of Ferrara; Antonio Musolesi

Effects of Environmental Innovations on CO2 Emissions in Europe: An Empirical Analysis of Panel Data From an ARDL Model [Slides]

Michelle Mongo | Saint-Étienne School of Mines

Climate-Change Adaptation: The Role of Fiscal Policy [Slides] [Paper]

Emilia Pezzolla | Prometeia Associazione; Michele Catalano and Lorenzo Forni


Speakers bios

Natalia Fabra is Professor of Economics at Universidad Carlos III de Madrid. She is Research Fellow at the Centre for Economic Policy Research, and Associate Member of the Toulouse School of Economics. She obtained her PhD in 2001 at the EUI (Florence). She works in the field of Industrial Organization, with emphasis on Energy and Environmental Economics and Regulation and Competition Policy. Her research papers are published in leading journals such as the American Economic Review, the Rand Journal of Economics, The Economic Journal, Energy Economics, The Journal of Industrial Economics, and the International Journal of Industrial Organization, among others. Natalia is Associate Editor at the Economic Journal and the Journal of Industrial Economics. She has received two distinguished awards as Spanish Best Young Economist (one awarded by the Banco Sabadell Foundation, and the other by the Madrid regional government). In 2017 she was awarded with an ERC Consolidator grant “Current Tools and Policy Challenges in Electricity Markets” for the period 2018-2023.

Matthieu Glachant is head of CERNA – Centre for industrial economics and a professor of economics at MINES ParisTech – PSL. His research is in the fields of environmental economics and energy economics. Specific areas of expertise include the economics of green innovation, renewable energy, energy efficiency, waste policies, and adaptation to climate change. He also works with governments, businesses and NGOs on topics of shared interest. He is a Visiting Professor at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics since 2012 and an associate editor of the journal Resource and Energy Economics.


Stephen Smith is Professor of Economics at University College London. He began his career as a member of the UK Government Economic Service, before moving to a leading independent think-tank, the Institute for Fiscal Studies, in 1985. He was Head of the Department of Economics at UCL from 1997 to 2002.  He has written extensively on the economics of tax policy, and environmental economics, and has acted as consultant to the UK government and international organisations, including the European Commission, the OECD and the IMF. He contributed papers on VAT and on Environmental Taxation to the Mirrlees Review of the UK Tax System, coordinated by IFS, which reported during 2011.


Luca Taschini is an Associate Professorial Research Fellow at the Grantham Research Institute at the London School of Economics. He is also an Assistant Professor at the Department of Economics at the University of Verona. His research is in the field of environmental economics, industrial organisation and finance, with a focus on the theory and practice of market based instruments. Luca is member of the CESifo Energy and Climate Economics Research Group in Munich, Germany. He was previously Senior Dahrendorf Fellow at the LSE and Visiting Scholar at the MIT Joint Program on the Science and Policy of Global Change, U.S.A.

Past editions  of the FSR Climate Annual Conference on the Economic Assessment of European Climate Policies

FSR Climate Annual Conference 2018

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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