2024 International Symposium on Climate, Finance, and Sustainability

8:30 - 9:00 (30min)

Registration & Coffee

9:00 - 10:30 (1h30)

A1: Climate Finance I

D207

Mingxun (Richard) Wang, Georgia Institute of Technology, United States

› Look up and ahead: how climate scenarios affect European sovereign risk - Luca De Angelis, Alma Mater Studiorum University of Bologna, Italy 09:00-09:30 (30min)

› Women on boards and carbon assurance - Md Safiullah, RMIT University, Australia 09:30-10:00 (30min)

› Impact of local temperature shocks on small businesses in the U.S. - Mingxun (Richard) Wang, Georgia Institute of Technology, United States 10:00-10:30 (30min)

9:00 - 10:30 (1h30)

A2: Climate Finance II

D208

Maximilian Gill, Universität Witten Herdecke, Germany

› Credit risk and climate sentiments: the credibility frontier of decarbonization - Régis Gourdel, Vienna University of Economics and Business, Austria 09:00-09:22 (22min)

› Strategic complementarities, banks' stranded asset dynamics, and financial Stability - Yao Dong, King’s College London, United Kingdom 09:22-09:44 (22min)

› Divestment from fossil fuels: Evidence from ownership data - Alain Naef, ESSEC Business School, France 09:44-10:06 (22min)

› Economic limits of Bitcoin's environmental promises: Pathway or pitfall for the green transformation? - Maximilian Gill, Universität Witten Herdecke, Germany 10:06-10:30 (24min)

9:00 - 10:30 (1h30)

A3: Climate Risk and Disclosures I

D209

Nazim Hussain, University of Groningen, Netherlands

› Climate and environmental policy risk and debt - Karol Kempa, Frankfurt School of Finance and Management, Germany 09:00-09:22 (22min)

› When speed trumps sustainability: Environmental disclosure frequency and environmental investment myopia - Sheryl Zhang, ESSEC Business School, France 09:22-09:44 (22min)

› The spillover effects of insurer climate supervision into shadow markets - Weiling Liu, Northeastern University, United States 09:44-10:06 (22min)

› Does greenwashing pay off? Evidence from the corporate bond market - Nazim Hussain, University of Groningen, Netherlands 10:06-10:30 (24min)

9:00 - 10:30 (1h30)

A4: Climate Risk and Disclosures II

D210

Tomás Del Barrio Castro, University of the Balearic Islands, Spain

› ESG rating and ambiguity: An informative and distorted signal-based approach - Giorgio Bongermino, Università di Bologna, Italy 09:00-09:22 (22min)

› Global versus idiosyncratic temperature shocks: Analyzing the economic impact of weather on French agriculture - Thomas Jacquet, Université Paris Nanterre, France 09:22-09:44 (22min)

› A shared vision towards global climate justice - Adrien Fabre, Centre International de Recherche sur l'Environnement et le Développement, France 09:44-10:06 (22min)

› Modeling and forecasting the long memory of cyclical trends in paleoclimate data - Tomás Del Barrio Castro, University of the Balearic Islands, Spain 10:06-10:30 (24min)

10:30 - 11:00 (30min)

Coffee break

11:00 - 12:30 (1h30)

B1: Natural Resources, Risk, Welfare and Social Preferences I

D207

Faten Lakhal, EMLV Devinci Business School, France

› Exporting carbon emissions? Evidence from space - Santanu Kundu, University of Mannheim, Germany 11:00-11:22 (22min)

› Is the Government always greener? - Salvatore Perdichizzi, University of Padova, Italy 11:22-11:44 (22min)

› Supply chain stress tests for critical inputs: A proof-of-concept - Béatrice Dumont, University Sorbonne Paris Nord, France & College of Europe, Belgium & Climate Economics Chair, France 11:44-12:06 (22min)

› Cleaner Energy, Higher Risk? Firm-level Exposure to Critical Minerals - Viet Nguyen-Tien, London School of Economics and Political Science, United Kingdom 12:06-12:30 (24min)

11:00 - 12:30 (1h30)

B2: Just Energy Transition

D208

Theodora Bermpei, IESEG School of Management, France

› A fish rots from the head down: The contagion effect of upstream firms' environmental misconduct on downstream firms' green innovation continuity - Jifeng Hong, University of Glasgow, United Kingdom 11:00-11:22 (22min)

› Revisiting the market for lemons: Quality uncertainty in the battery-engine-vehicle era - Florens Pfann, Maastricht University, Netherlands 11:22-11:44 (22min)

› The impact of supply and demand driven oil price uncertainty on the cost of bank loans - Theodora Bermpei, IESEG School of Management, France 11:44-12:06 (22min)

› Do COPs really help sustainability. An asset pricing perspective. - Alessandro Gastaldello, Leibniz Institute for Financial Research SAFE 12:06-12:30 (24min)

11:00 - 12:30 (1h30)

B3: Climate and Carbon Finance I

D209

Tunde Odusami, Widener University, United States

› The optimal tax on polluting energy under credit market imperfection - Mahsa Jahan-Dideh, Tehran Institute for Advanced Studies, Iran 11:00-11:22 (22min)

› Mobilizing credit for clean energy: De-risking and public loan provision under learning spillovers - Paul Waidelich, ETH Zurich, Switzerland 11:22-11:44 (22min)

› Can we trust in nationally determined contributions, NDCs as a climate governance tool? - Younsung Kim, George Mason University, United States 11:44-12:06 (22min)

› Hedging the climate risk of real estate investments using factor mimicking portfolios of real-estate stocks - Tunde Odusami, Widener University, United States 12:06-12:30 (24min)

11:00 - 12:30 (1h30)

B4: Green Finance I

D210

Fabio Fornari, European Central Bank, Germany

› Social cost evaluation of forest carbon stocks of India - Anika Loiwal, TERI School of Advanced Studies, India 11:00-11:22 (22min)

› Geopolitical risk aligned and volatility forecasting in commodity markets - Thanos Verousis, Vlerick Business School, Belgium 11:22-11:44 (22min)

› How ESG labels influence firms' ownership by ESG institutional investors and their perceived cost of capital - Sahand Davani, ESADE Barcelona - Sant Cugat, Spain 11:44-12:06 (22min)

› It better be good, it better be green - Fabio Fornari, European Central Bank, Germany 12:06-12:30 (24min)

12:30 - 13:45 (1h15)

Lunch

13:45 - 14:00 (15min)

Opening Remarks and Welcome Note

14:00 - 15:30 (1h30)

Keynote Lectures

Amphitheater Raymon Aron

Bertrand Badré and Dr. Ben Caldecott

15:30 - 16:00 (30min)

Coffee break

16:00 - 17:00 (1h)

Policy Roundtable “Just Transition, Climate Change, and Growth”

Amphitheater Raymon Aron

Anna Creti, Andreas Kontoleon and Jan Rielaender

19:00 - 22:00 (3h)

Dinner

Bistro Alexandre III