Progress towards mitigating climate change has been hampered by the large uncertainties surrounding its impacts and solutions, and the different approaches to valuing the associated risks. A new article by FEEM and CMCC researchers Laurent Drouet, Valentina Bosetti and Massimo Tavoni. appearing in the journal Nature Climate Change shows how this needs not to be the case. Using the latest data and methods from climate and decision science, researchers at Italian research institutes have generated ways to design efficient climate policies using the current state of knowledge about climate science and economics.
What are the implications of achieving the EU27 Resource Efficiency target on sustainability? In this week's seminar, FEEM researcher Fabio Eboli presents an application of a model-based framework specifically conceived to assess future sustainability over time, at country and macro-regional level, across scenarios. The flexible methodology allows analyzing the effects of indicator-specific policies on the sustainability dimensions (economy, society, environment), as well as on sustainability as a whole.
On July 28, 2015 FEEM will host a meeting with James Withlow Delano and Matilde Gattoni, the curators of #EverydayClimateChange, an exhibition presenting the works of photographers from all over the world. James Withlow Delano, American photographer known for his work on human rights, and Matilde Gattoni, Italian/French photographer specialized in environmental and social issues, will offer a new perspective on climate change, exposing its important role for food security and development.
Four years after the launch of the Organisation for Economic Co-operation & Development (OECD) Green Growth Strategy, the OECD is launching a new report titled "Towards Green Growth? Tracking Progress", which draws lessons from country experiences and examines how to enhance policy design to deliver green growth. Join the “Green Growth Knowledge Platform (GGKP)” for a webinar held by the GGKP in collaboration with the OECD on 27 July 2015 to explore these issues through presentations, discussion and debate on the conclusions of this new report.
The VI edition of the “Summer School in Euro Mediterranean Strategies” will take place from 23 to 26 September, 2015 in Maratea (Potenza).The Summer School is organized by FEEM and IASEM – Institute of High Euro Mediterranean Studies, to promote a shared international strategy to encourage sustainable thinking and sustainable tourism in the Mediterranean area. The Summer School programme includes lectures, workshops and debates providing the best theoretical tools to approach the complexity of the issue proposed, and analyzing all the economic, political and cultural interconnections.
This article by ZhongXiang Zhang - Tianjin and Fudan Universities, China - examines the key features and compliance of China’s pilot carbon trading schemes. Insights are offered into the design and implementation of China’s carbon trading pilots along with lessons learned and potential pathways to help them work reliably and effectively, smoothing the transition toward a national carbon trading policy.
Fuzzy measure and Fuzzy integral are a brilliant mathematical solution for multiple criteria decision analysis in that they are able to capture and model interaction among criteria - from redundancy to synergy. In this seminar, FEEM researcher Luca Farnia will introduce the fundamentals of Fuzzy Measure theory and fuzzy aggregator (Choquet Integral). Two specific applications in the context of composite indices are also briefly shown in all their phases ranging from questionnaire design for fuzzy measure elicitation to data aggregation.
How can companies and not for profit organizations work together to deliver social and market innovation? What is social business? Re3 publishes the interview and excerpts from the keynote speech delivered by Nobel Prize laureate Muhammad Yunus on the occasion of the workshop “Convergence between profit and not for profit to achieve sustainable value. Perspectives from the Social Enterprise World Forum 2015”, held in Milan on July 3, 2015, where the founder of Grameen Bank retraces the story of Grameen Bank and explains his view on social business.
To what extent do risk and equity preferences affect society's willingness to pay to eliminate a social risk, which is defined as a global risk that has differentiated impacts across subgroups of the population? In her presentation Maddalena Ferranna, Toulouse School of Economics, considers three approaches to equity: utilitarianism, concerns for the distribution of individual risks and concerns for the distribution of realized individual risks. For each approach a social premium is defined and subsequently decomposed in a risk premium and an inequality premium. Finally, two applications are presented: the social cost derived by the risk of major hurricanes in the US and the mitigation policy to avert climate change risk.
Forecasting the price of oil is challenging and requires composite information. The decline in the price of oil is reflected in an increase in oil price volatility and uncertainty, which have relevant implications on the real economy. This column by N. Bashiri, A. Bastianin, E. Bortolussi, F. Conti, M. Manera and M. Nicolini focuses on the complex set of factors responsible for current oil price dynamics.