- Thursday 25 March 2021, 13:30 (CET)
- Online only
- Live streaming available
Programme
- 25 Mar 2021, 13:30 - 13:35 (CET)
Introduction
Maarten Verwey, European Commission, Director-General DG ECFIN - 13:35 - 13:50 (CET)
Opening speech
Paolo Gentiloni, Commissioner for Economic and Financial Affairs - 13:50 - 14:20 (CET)
Key-note speech
Lord Nicholas Stern, IG Patel Professor of Economics and Government, LSE and Chair of the Grantham Research Institute on Climate Change and the Environment - 14:20 - 15:35 (CET)
Session 1: The cost of inaction on climate change
Chair: Clara De La Torre, European Commission, Deputy Director-General DG CLIMA
Discussant: Frank Dentener, European Commission, DG Joint Research Centre
Speaker 1: Marshall Burke, Stanford University
Speaker 2: John Hassler, University of Stockholm/IIES
Speaker 3: Juan-Carlos Ciscar, European Commission, DG Joint Research Centre
Speaker 4: Francesco Bosello, Euro-Mediterranean Center on Climate Change
General discussion - 15:35 - 15:50 (CET)
Break
- 15:50 - 17:05 (CET)
Session 2: Modelling mitigation
Chair: Åsa Johannesson Lindén, European Commission, DG ECFIN
Discussant: Georg Zachmann, Bruegel
Speaker 1: Jean Château, IMF
Speaker 2: Matthias Weitzel, European Commission, DG Joint Research Centre
Speaker 3: Janos Varga, European Commission, DG ECFIN
Speaker 4 : Benjamin Carton, IMF
General discussion - 17:05 - 18:05 (CET)
Panel discussion: Macro-economics and climate action – what are the missing links?
Chair: Géraldine Mahieu, European Commission, DG ECFIN, Director for Investment, growth and structural reforms
Panel Introduction: Jean Pisani-Ferry, Sciences Po, Paris / EUI, Florence / Bruegel, Brussels / PIIE, Washington DC
Panel Contributors:- Ian Parry, IMF
- Christoph Böhringer, University of Oldenburg
- Phoebe Koundouri, University of Athens
- Tom van Ierland, European Commission, DG CLIMA
- 18:05 - 18:15 (CET)
Closing session
Géraldine Mahieu, European Commission, DG ECFIN, Director for Investment, growth and structural reforms
Practical information
- When
- Thursday 25 March 2021, 13:30 (CET)
- Where
- Online only
Report
Policy makers and economists are confronted with the challenge of accompanying the recovery from COVID-19 and creating the conditions for inclusive and fair economic prosperity while moving towards climate neutrality to ensure sustainable growth.
This will require a coherent mix of economic policy tools that orient investment and consumption decisions towards sustainable activities across the whole economy, while addressing the distributional and competitiveness aspects of the transition.
The capacity to deliver these economic outcomes requires a deeper understanding of the economic implications of the climate transition. Advanced modelling techniques can help simulate the various impacts of an appropriate policy mix. The webinar will comprise three sessions:
- The cost of inaction on climate change
- The design of cost-effective economic policies to mitigate climate change
- Macro-economics and climate action – what are the missing links?
The seminar will bring together a range of researchers, academics and experts from the European Commission and the International Monetary Fund.
Commissioner Paolo Gentiloni will give some introductory remarks, which will be followed by a keynote speech by Lord Nicholas Stern, IG Patel Professor of Economics and Government, LSE and Chair of the Grantham Research Institute on Climate Change and the Environment.
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