Energy efficiency has become a hot topic in energy and climate domains.

• Yet, is energy efficiency a real key issue for climate change mitigation?
• How can it be promoted?
• Mostly through energy pricing?
• Is the rebound effect a relevant issue?

These and other key questions were debated by Tyler Bryant, Energy Policy Analyst, International Energy Agency, and Matthew Kotchen, Professor, Yale University, during an on-line debate on Wednesday, 14 January, at 15.30. The debate was chaired by Xavier Labandeira, Director of FSR Climate.

Speaker: Simone Borghesi, Assistant Professor of Environmental Economics, Codirector R4S – Regulation for Sustainability, University of Siena, Italy

Abstract The European Emission Trading System (EU-ETS) has attracted increasing attention among scholars in the last few years both as the cornerstone of the European environmental policy and as a benchmark for the other countries’ Emission Trading Schemes. The seminar presents the author’s current policy, theoretical and empirical research lines on the EU ETS. Particular attention will be devoted to the role played by the EU-ETS as a possible driver of outward Foreign Direct Investments (FDI henceforth). For this purpose, we aim at assessing whether EU-ETS has any effect on the intensive and extensive margins of outward FDI patterns of Italian firms. Using a novel panel dataset of about 50,000 firms covering the first two phases of the EU-ETS (pilot phase and first commitment period) and the pre-EU-ETS period, we are able to observe the patterns of FDI by destination country of firms, distinguishing between those with plants covered by the EU-ETS and other firms. Results show that firms in the EU-ETS tend to increase their presence in countries not covered by the EU-ETS as well as in countries within the EU-ETS. Moreover, FDI patterns in sectors exempted by the auctioning in the current second commitment period of the EU-ETS, are generally greater than the ones observed for EU-ETS firms in other sectors.   

The proliferation of civil drones poses a new challenge for the regulation of aviation. The 7th Florence Air Forum will discuss this challenge by bringing together relevant stakeholders from the aviation and ATM industry, manufacturers, regulators, international institutions as well as operators and users of drones from different sectors.

Continue reading “7th Florence Air Forum. Regulating Drones: Creating European Regulation that is smart and proportionate”

The 5^th edition of the FSR Executive Seminar aims to bring together high level participants including TSOs, regulators, European Commission representatives, academics and industry experts in order to discuss the European low carbon policy and what main questions it raises for TSOs?

Continue reading “Executive Seminar: European aviation safety, what can we do better?”

The FSR is pleased to host and co-organise this high-level initiative with University Paris-Dauphine and Sciences-Po Paris.

This event is the first of two workshops, designed to bring high-level academics together in order to analyse and debate on the dynamic of global, international, economic governance and regulation of markets. This “organized discussion” between scholars of various horizons acknowledges the open, contested character of the broad questions raised by the dynamics of international and global institutions.

A Handbook by Oxford University Press The ultimate aim of these two workshops will consist in the composition of a “Handbook on International Economic Governance and Market Regulation”, which will be published by Oxford University Press and which will cover all the important political debates and analytical stakes raised by the transnationalization of regulatory capacities of specific sectors – such as communication and media, energy, transportation, finance and insurance, as well as transversal regulatory issues (environment, public health, labour, etc.). These workshops and the eventual volumes will be developed around four main topics:

1. The Production and Emergence of Systems of Norms
2. The Challenge of Compliance
3. Accountability, Sovereignty and Reforms of the Current Global Economic Governance Framework
4. Toward Systemic Transformation

The overall approach will be cross-disciplinary and will focus, under different standpoints and domains, on the spread of the transnational private and public regulatory regimes which we have witnessed over the last thirty years. Rather than embracing a macroeconomic or macro-institutional approach to analyse how the global economy works, the workshops will promote a micro, bottom-up perspective that would start from the analysis of individual agents, either market participants or regulators, and analyse how they adopt rules, bend them and act upon them. Please note that this is a closed event and participation is by invitation only.

Co-organised by:

         The Chair Governance and Regulation is a platform which facilitates cooperation between regulatory stakeholders (regulatory authorities, companies, public authorities) and experts (academic networks, consultancy firms, international organisations) with the aim of furthering understanding of the economic and political aspects of regulation and improving institutional frameworks and practices.