December 7th and 8th, 2021

Green Finance Research Advances 2021

Welcome to the 6th edition of the annual conference “Green Finance Research Advances”, co-organised by Banque de France and Institut Louis Bachelier.

The objective of this conference is to bring together academics, finance practitioners and regulators, to discuss together research issues related to the integration of climate risks (more generally, environmental issues) into macro-economic modelling/forecasting and into the risk assessment of the financial sector.

Join the conversation using the conference hashtags:
#GreenFinance #ClimateScience



Questions for Q&A session

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Afternoon session – Modelling the macroeconomics of the climate transition

2:00 – 2:05 pm Introductory remarks

Speaker: Jean Boissinot (Banque de France)

2:05 – 2:30 pm Keynote intervention “Climate policy is macroeconomic policy, and the implications will be significant” (2021)

Speaker: Jean Pisani-Ferry (Peterson Institute for International Economics, non-resident senior fellow)

Including Q&A session

2:30 – 4:45 pm A comparative analysis of modelling approaches to assess transition impacts

Moderator: Stéphane Dees (Banque de France) :

2:30 – 2:50 pm Presentation by ADEME

Speakers: Gaël Callonnec and Florian Jacquetin

2:50 – 3:10 pm Presentation by SEURECO

Speaker: Baptiste Boitier

3:10 – 3:30 pm Presentation by CIRED

Speakers: Quentin Couix and Frédéric Ghersi

3:30 – 3:40 pm Comfort Break

3:40 – 4:00 pm Presentation by Banque de France

Speakers: Annabelle de Gaye and Noëmie Lisack

4:00 – 4:45 pm Discussion session and wrap-up

Moderator: Stéphane Dees (Banque de France)



Morning Session

9:00 – 9:15 am Welcome remarks

Speaker 1: Nathalie Aufauvre (Banque de France)

Speaker 2: Jean-Michel Beacco (Institut Louis Bachelier)

9:15 – 9:55 am “In search of climate distress risk” (2021)

Speaker: Quyen Nguyen (Postdoctoral Fellow, University of Otago)

Authors: Quyen Nguyen, Ivan Diaz-Rainey and Duminda Kuruppuarachchi

Including Q&A session

9:55 – 10:35 am “Why do firms issue green bonds?” (2021)

Speaker: Julien Daubanes (University of Geneva (GSEM) and MIT (CEEPR))

Authors: Julien Daubanes, Shema Mitali and Jean-Charles Rochet

Including Q&A session

10:35 – 10:50 am Comfort Break

10:50 – 11:30 am “Mandatory climate-related disclosure by financial institutions and the financing of fossil energy” (2021)

Speaker: Jean-Stéphane Mésonnier (Sciences Po Paris, Banque de France)

Authors: Jean-Stéphane Mésonnier, Benoît Nguyen

Including Q&A session

11:30 – 12:10 pm A “Silent Spring” for the Financial System? Exploring Biodiversity-Related Financial Risks in France

Speaker: Romain Svartzman (Banque de France)

Authors: Svartzman Romain, Espagne Etienne, Gauthey Julien, Hadji-Lazaro Paul, Salin Mathilde, Allen Thomas, Berger Joshua, Calas Julien, Godin Antoine, Vallier Antoine

Including Q&A session

12:10 – 12:15 pm Wrap-up

Speaker: Stéphane Voisin (Institut Louis Bachelier)


Afternoon Session

2:00 – 2:30 pm Award of the Banque de France “Young Researchers in Green Finance”

Speakers: Emmanuelle Assouan (Banque de France)

Short presentation(s) by the Laureate(s)

2:30 – 3:10 pm Integrated economy-climate models and their uses for financial decision making

Speakers: Frédéric Ghersi and Peter Tankov

Authors: Jean-Charles Hourcade, Peter Tankov, Stéphane Voisin, Frédéric Ghersi, Julien Lefèvre

Including Q&A session

3:10 – 3:20 pm Comfort Break

3:20 – 4:20 pm Panel on climate scenario design


    • Theresa Löber, Bank of England
    • Laurent Clerc, Banque de France
    • Mariana Escobar Uribe, Financial Superintendence of Colombia
    • Dawn Holland, National Institute of Economic & Social Research
    • Alexandre Köberle, Imperial College London

Moderator: Thomas Allen (Banque de France)

Including Q&A session

4:20 – 4:30 pm Concluding remarks

Speaker: Jean Boissinot