On July 9 2015, FEEM, ICCG and Global Climate Forum (GCF) are jointly organizing a parallel session "On the macroeconomic opportunity of climate policy" that will be held in the framework of the International Conference on "Our Common Future under Climate Change" that will be held in Paris on 7-10 July 2015. The parallel session will be introduced by Professor Carlo Carraro (FEEM), followed by presentations by keynote speakers O. Edenhofer (PIK), S. Wolf (GCF), F. Bosello (University of Milan), contributions by C. Dumisani (Seeds of Opportunity) and E. Combet, (CIRED), and final wrap-up by C. Jaeger (GCF).
FEEM will host the workshop “Convergence between profit and not for profit to achieve sustainable value. Perspectives from the Social Enterprise World Forum 2015” that will be held in Milan as part of the Social Enterprise World Forum on “Growing a New Economy” organized by the ACCR-ACCS Foundation on July 3, 2015. The keynote speech will be delivered by Nobel Prize laureate Muhammad Yunus, founder of Grameen Bank, who will present the results of the Social Enterprise World Forum and wrap up the meeting.
What’s behind the drop in oil prices between June and December 2014? What are the causes, the consequences and the challenges that the rapid decline of oil prices implies? Energy experts Leo Drollas, Vincent Kaminski, Lutz Kilian, Charles F. Mason, Apostolos Serletis and Adonis Yatchew answer these questions in the interviews granted to Re3 on the occasion of the International Workshop on “The Recent Evolutions of Oil and Commodity Prices” organized by FEEM on 4-5 June, 2015.
In this article Professor Matteo Manera - University of Milan Bicocca and FEEM - and Andrea Bastianin – University of Milan and FEEM – discuss the concepts of macroeconomic uncertainty, oil price uncertainty and oil price shocks. Given the relevance of oil and macroeconomic uncertainty, they illustrate how economic uncertainty can be defined and measured. They describe their proposed measure of oil price uncertainty and illustrate the contribution of its underlying components.
ICCG is pleased to announce that the Woods Hole Research Center (WHRC, Falmouth, Massachusetts, USA) is confirmed for the second year in a row as the top "climate think tank" according to the ICCG Climate Think Tank Standardized Ranking. Second comes the Mercator Research Institute on Global Commons and Climate Change (MCC) based in Berlin, Germany. Third is Resources for the Future (RFF) based in Washington, D.C., USA. This ranking standardizes a think tank’s output (organized along three pillars: activities, publications, dissemination) with respect to the size of the think tank.
As a result of the global economic downturn, national budget deficits have been growing as a percent of GDP and public spending for infrastructure development has been reduced. Can public investment in new energy technologies be part of the solution to support economic growth? In the framework of the 21st EAERE Conference, FEEM, ICCG and CMCC are organizing a policy session on “Climate policy co-benefits for public revenues and economic growth”. Professor Carlo Carraro (FEEM) will chair the session, and the discussants will be Thomas Sterner, University of Gothenburg, Ottmar Edenhofer, Potsdam Institute for Climate Impact Research, Carolyn Fischer, RFF and Francesco Bosello, University of Milan.
Human impact on our planet has been steadily increasing. Although economic indicators of wealth have been improving in some parts of the world, the targets of eradicating extreme poverty and hunger, reducing child mortality, achieving universal primary education, providing drinking water and sanitation facilities are far from being reached. Professor Carlo Carraro (FEEM and CMCC) will be one of the invited speakers at the event on June 23, 2015 organized by Politecnico di Milano, Joint Research Centre, Ispra, and Catholic University of Milan in collaboration with the European Commission.
FEEM will take part as scientific partner in the “Last Call to Europe 2020” international conference organized on June 19 by Fondazione Sodalitas at the World EXPO 2015-Site in Milan. Europe 2020 is the European Union’s ten-year jobs and growth strategy launched in 2010 to create the conditions for smart, sustainable and inclusive growth. Five headline targets have been agreed for the EU to achieve by the end of 2020. These cover employment; research and development; climate/energy; education; social inclusion and poverty reduction. The conference is focused on enhancing the enterprises’ commitment towards the Europe 2020 strategy to achieve smart, sustainable and inclusive growth in the next future.
In the last decade the situation in Latin America has profoundly changed. Latin America has once again become a political and social laboratory with unprecedented socialism, experimentation of environmental sustainability and the growing importance of a nativist ideology. Although Latin America has experienced good economic growth since the early 2000s, globalization creates distortions such as loss of quality of loans (informal work), the continuous growth of urbanization and migrations to the new poles of economic attraction. In this seminar, Veronica Ronchi, Fondazione Eni Enrico Mattei, will discuss the forms of welfare in Latin America, making a comparison across the oil-producing countries.
The assessment of potential economic damage caused by floods is commonly done via methodologies based on Stage-Damage Curves (SDC), which provide a relation between the depth of water and the economic damage on a specific land use. In Italy no specific damage functions have been developed so far, despite damage reports being collected after every major flood. Here, FEEM researchers Mattia Amadio, Jaroslav Mysiak, Lorenzo Carrera and Elco Koks, Institute for Environmental Studies (IVM), test a refined SDC model against empirical data from a flood event in Northern Italy.
The United States Environmental Protection Agency (EPA) has begun regulating existing stationary sources of greenhouse gases (GHG) using its authority under the Clean Air Act (the Act). The regulatory process under the Act is long and involved even in the best of circumstances. The complexity and contentiousness of GHG regulation could draw out the process even further, raising the prospect that significant U.S. action might be delayed for years. Presented by Warwick McKibbin, Australian National University, and based on a work co-authored by Warwick McKibbin, Adele Morris and Peter Wilcoxen, the seminar examines the economic implications of such a delay.