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FSR Climate is pleased to announce its 7th Annual Conference on the Economic Assessment of European Climate Policies to take place online on Monday 29 and Tuesday 30 November 2021 from 10:00 to 16:10 CET.

The conference will cover the main climate-related existing policies at EU, national, international and sub-national levels. It will include three sessions on Energy Efficiency and Renewables, Environmental taxation, and Emissions trading. In addition, the conference will comprise a keynote speech from Estelle Cantillon, and a policy session focused on carbon market integration.

Due to the travel and public gathering restrictions taken to limit the spread of COVID-19, the FSR Climate Annual Conference will be held online through Zoom Webinar.


ChairSimone BORGHESI, FSR Climate – European University Institute


Monday 29 November

10:00-10:05 – Welcome & introduction

  • Simone BORGHESI, FSR Climate – European University Institute

10:05-12:05 – Session on Emissions trading

  • The Carbon Market Challenge: Preventing Abuse Through Effective Governance, Regina BETZ, Zurich University of Applied Sciences – ZHAW [abstract] [slides]
  • Coase and Cap-and-Trade: Evidence on the Independence Property from the European Carbon Market, Aleksandar ZAKLAN, DIW Berlin [paper] [slides]
  • The European Emission Trading System, Overlapping Climate Policies & the Fit for 55 Package, Kenneth BRUNINX, University of Leuven [abstract] [slides]
  • Investment Incentives in Tradable Emissions Markets with Price Floors, Frans DE VRIES, University of Aberdeen  Business School [abstract] [slides]

14:00-16:00 – Session on Environmental taxation

  • Environmental Taxation in the 2020s: Promises and Barriers, Xavier LABANDEIRA, University of Vigo [abstract] [slides]
  • Voting and Information: Evidence from a Randomized Controlled Trial, Stefano CARATTINI, Georgia State University [abstract]
  • Impacts of Carbon Pricing on Electricity Prices – The Case of the EU ETS, Mirjam KOSCH, PIK Potsdam [abstract] [slides]
  • The Best Argument for Carbon pricing is not Economic Efficiency, but Rather that it Fosters Cooperation, Axel OCKENFELS, University of Cologne [abstract]


Tuesday 30 November

10:00-11:00 – Keynote Speech

  • Emission Markets as Financial Markets, Estelle CANTILLON, Université Libre de Bruxelles and Toulouse School of Economics [abstract] [slides]

11:10-12:40 – Policy Session “Deepening international cooperation on emissions trading: possible reforms for integration”

Chaired by Jos DELBEKE, School of Transnational Governance – European University Institute

  • Stefano VERDE, FSR Climate – European University Institute [slides]
  • Michael PAHLE, PIK Potsdam [slides]
  • Susanne DRÖGE, SWP Berlin
  • Artur RUNGE-METZGER, Former Director at the European Commission

This policy session is organised under the framework of the project LIFE DICET – Deepening International Cooperation on Emissions Trading – cofinanced by the EU LIFE Programme of the European Commission.

14:00-16:00 – Session on Energy efficiency and renewables

  • Capitalization of the French Energy Performance Certificate: Is There a Label Premium?, Anna CRETI, Université Paris Dauphine – PSL [abstract] [slides]
  • Materials Scarcity and Recycling for the Energy Transition, Francesco RICCI, Université de Montpellier and CEE-M [abstract] [slides]
  • Integrating Energy Needs for Adaptation in Mitigation Pathways, Enrica DE CIAN, Ca’ Foscari Unversity of Venice and CMCC [abstract] [slides]
  • Data Centres and Energy Demand: Lessons for Loads in Net Zero, Michael POLLITT, University of Cambridge [abstract] [slides]

16:00-16:10 – Concluding remarks

  • Simone BORGHESI, FSR Climate – European University Institute

The FSR Climate Annual Conference 2021 is organised with the support of EAERE.

Bio of the Keynote Speaker:

Estelle Cantillon is a Professor of economics at the Université Libre de Bruxelles, an associate member at the Toulouse School of Economics, a research fellow at CEPR (London) and an elected member of the Royal Academy of Arts and Sciences of Belgium. Her research lies at the boundary between market design and industrial organization. Her current research focuses on carbon emissions markets, the design of electricity wholesale markets and climate transition policies. She has published on auctions, procurement, competition between exchanges, and assignment problems.

She currently sits on the Board of Regents of the National Bank of Belgium, on the Economics Council of OXERA and is a member of the steering committee of Re-Bel (Rethinking Belgium) and the scientific council of the Brussels Region Institute for Statistics. At ULB, she is the academic director of the Sustainable Development teaching initiative.

Estelle holds a PhD in Economics from Harvard and has held faculty appointments at Yale University, Harvard Business School and the Harvard Kennedy School of Government.


Past editions of the FSR Climate Annual Conference:

FSR Climate Annual Conference 2020

FSR Climate Annual Conference 2019

FSR Climate Annual Conference 2018

FSR Climate Annual Conference 2017

FSR Climate Annual Conference 2016

FSR Climate Annual Conference 2015


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