Think • Stimulate • Bridge

Search form

Newsletters

Add to Calendar 01/10/2018 09:00 01/10/2018 18:00 Africa/Casablanca Workshop on Coping with Climate Change Paris, France /By invitation/ The National Academies of Sciences, Engineering, and Medicine (NASEM), in collaboration with OCP Policy Center, IMF and other organizations will hold a workshop on October 1, 2018 at the OCP offices in Paris. Staff from the International Monetary Fund (IMF)—which has scaled up its research and policy advice on climate change issues—and the World Ban... Paris, France OCP Policy Center contact@ocppc.ma false DD/MM/YYYY
Monday, October 1, 2018 - 09:00 to 18:00

Workshop on Coping with Climate Change

Paris, France

By invitation

The National Academies of Sciences, Engineering, and Medicine (NASEM), in collaboration with OCP Policy Center, IMF and other organizations will hold a workshop on October 1, 2018 at the OCP offices in Paris. Staff from the International Monetary Fund (IMF)—which has scaled up its research and policy advice on climate change issues—and the World Bank will participate, along with experts from the climate change community, academics and think tanks.

Over the past four decades, the global average surface temperature has increased at a pace unprecedented in the past 20,000 years, affecting the future of countries and communities across the globe. Extreme weather events, such as heat waves, droughts, and floods, are likely to become more frequent. A lot depends on restraining greenhouse gas emissions, the key human driver of global warming.

This inaugural workshop aims to forge links among economists in different fields who share an interest in enhancing their understanding climate change issues. With that overall aim in mind, the workshop will bring together climate change experts and established scholars from other fields of economics who have done some work on climate change issues but are not experts.

Specifically, the workshop will:

• solicit expert feedback on recent work on (i) econometric evidence on decoupling of emissions and growth; (ii) general equilibrium modeling of policy choices for countries, particularly low-income countries, to cope with effects of climate change;
• showcase recent efforts by central banks and the financial sector to assist the global effort to combat climate change (experts from the Banque de France at the forefront of this effort will be invited);
• feature presentations by well-known climate change and energy experts, notably a keynote address by Ottmar Edenhofer, one of the world's leading experts on climate change policy, and a summing-up by Rabah Arezki, the World Bank’s chief economist for the MENA region.

A draft agenda is provided below. Potential participants for the workshop—and for future workshops that are planned to maintain and expand this community of scholars—are listed as well.

Agenda 

 

08:30 – 08:45

Opening Remarks:
Karim El Aynaoui (OCP Policy Center) and Gail Cohen (NASEM)

08:45 – 10:15

Session 1: Decoupling of Emissions and Economic

Activity Discussion drawing on IMF-NASEM work on extent of decoupling for a large group of countries and sub-national entities within the United States and China (Cohen et al, Energy Economics 2018, Energy Policy 2018). What factors explain cross-country differences in decoupling? What can emerging economies learn from the experience and policy efforts of advanced economies?

Chair: Gail Cohen (NASEM)
Presentation: Prakash Loungani (IMF), Tracking Decoupling: A Simple Framework
Discussants: Duc Khuong Nguyen (IPAG), Renee Fry-McKibbin (ANU), Xinye Zheng (Renmin University)

10:15 – 10:30

Coffee Break

10:30– 11:00

Talk by Stefan Dercon (Oxford) 
on his book “Dull disasters? How planning ahead will make a difference”

11:00 – 12:30

Session 2: Helping Countries Cope with Climate Shocks 

Discussion on how developing countries can shield their growth and fiscal positions from climate shocks. Features presentations of models calibrated to features of developing countries, in which effects of alternate policy choices and impact of aid can be simulated.

Chair: Chris Adam (Oxford)
Presentations: Giovanni Melina (IMF), Climate Change and Macroeconomic Outcomes in Small Developing States
David Bevan (Oxford), Financing the Reconstruction of Public Capital after a Natural Disaster
Discussants: Doug Gollin (Oxford), Willi Semmler (New School), Chris Papageorgiou (IMF)

13:30 – 14:30

Keynote Address by Ottmar Edenhofer (PIK and MCC; ex-IPCC). 
Chair: Willi Semmler (New School)

14:30 – 16:00

Session 3: Climate Change, Central Banks and Financial Sectors 
Discussion on how the central banks and financial authorities can contribute to the transition to a low-carbon economy. What regulatory measures can help mitigate risks posed by climate change to financial stability? Can sustainable investing—for instance through mutual funds that respect environmental, social and governance (ESG) standards—make a difference?

Chair: Nathalie Aufauvre (Banque de France)
Presentations: Warwick McKibbin (ANU), Climate Change and Monetary Policy: Dealing with Disruption
Pierre Monnin (CEP), Climate Change Challenges for Central Banks and Financial Regulators
Discussants: Bertrand Candelon (ILB), Morgan Després (Banque de France), Filiz Unsal (IMF)

16:00 – 16:15

Coffee Break

16:15 – 17:00

Talk on “The Climate Change Crisis: Mitigation and Coordination”
Presentation by Rabah Arezki (World Bank), drawing on his forthcoming book (with Patrick Bolton, Karim El Aynaoui and Maurice Obstfeld), on the implications of transition from fossil fuels; the role of financial markets in delivering sustainable infrastructure; dealing with the uncertainty about the pace of climate change; and making climate agreements enforceable.

17:00 – 18:15

Session 4: Coordination of Climate Change with Other Policies

Chair: Karim El Aynaoui (OCP)
Presentations: Dirk Heine (World Bank): Fiscal Policies for Development & Climate Action
Johannes Wiegand (IMF): Operationalizing Climate Change in IMF Surveillance
Alex Barkawi (CEP): Ensuring Policy Coherence

18:15 

Reception and Dinner

 

Keep me informed