Climate Change: Economic and Financial Impact
Banque de France, TSE and EconomiX are organizing a conference on:
Adapting to survive: climate change and finance
Friday 13 December 2019
Banque de France Conference Center
31 rue Croix-des-Petits-Champs
75001 Paris
in présence of
François Villeroy de Galhau, Governor of Banque de France
Nicolas Hulot , former French Minister for Environment
“Adapting to survive: Climate change and finance” is an interdisciplinary conference gathering people from the civil society and the business community with academics and central bankers to discuss three challenges that climate change implies for central banks.
Three verbs summarizes those challenges: Characterizing, Catalyzing and Contributing
Characterizing because central banks must characterize how climate change will impact economies, using two types of tools
- Economic models may help to quantify the impact on the implied financial risks but also on GDP or the inflation rate.
- Distopia – a nightmarish narrative about what might happen to our world in the near future – may describe the extreme consequences to which individuals will be exposed because of climate change.
Catalyzing because the fight against climate change requires an identification of the policies best able to reduce carbon consumption, with a contrast between tax-based tools and more intrusive or sectoral policies.
Contributing in an effort to define the contribution of the financial sector to the fight against climate change, which encompasses the financing of the energy transition, the measure of the climate-induced financial risks or the role of the public authorities in charge of supervising the financial sector or of the monetary policy.
By bringing together specialists from diverse backgrounds, this conference aims both at taking stocks on current policyissues and at sparking the interest of researchers on emerging research questions. On the day before this conference, Thursday 12 December, papers presenting the current research on climate change will be discussed in an academic workshop.
The working language of the conference will be French and English, with a translation facility provided
Admission to the event upon confirmed registration only.
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