3rd Finance and Productivity (FINPRO) Conference "Green Deal: Reformation, Evolution, and Revolution"
A conference jointly organised by the Bank of Italy, the Centre for Economic Policy Research (CEPR), the Competitiveness Research Network (CompNet), the European Bank for Reconstruction and Development (EBRD) and the Halle Institute for Economic Research (IWH).
Firms must transform production processes towards sustainable technologies in response to climate change and the emergence of policies aiming to curb carbon emissions. The energy shock due to the war in Ukraine renders this transformation not only important, but also urgent. All this requires large-scale investments and innovations by corporations, households and governments, which are also called to design the right policy-mix. The financial system will play a key role to channel this transition, evaluating current opportunities and future risks.
The Bank of Italy, CEPR, CompNet, EBRD and IWH invite submissions for the 3rd FINPRO conference. For further information, please see https://cepr.org/events/3rd-finance-and-productivity-finpro.
Thursday, 8 June
Ignazio Visco (Governor Bank of Italy), Filippo di Mauro (Chairman CompNet): Welcome Address
Session 1: Climate Shocks and Resource Reallocation
Andrea Caggese (Universitat Pompeu Fabra): "Climate Change, Firms and the Macroeconomy"
Discussant: Matteo Alpino (Bank of Italy)
Andrea Fabiani (Bank of Italy): "Carbon Pricing, Credit Reallocation and Real Effects"
Discussant: Tim Eisert (Erasmus University)
Session 2: Sustainability Reporting and Finance
Mariassunta Giannetti (Stockholm School of Economics and CEPR): "'Glossy Green' Banks: The Disconnect Between Sustainability Reporting and Lending Activities"
Discussant: Luana Zaccaria (EIEF)
Qiping Xu (University Of Illinois Urbana Champaign): "Sustainability or Greenwashing: Evidence from the Asset Market for Industrial Pollution"
Discussant: Clement Mazet-Sonillac (Bocconi)
Session 3: "Green" Profits and Technology Adoption
Thorsten Martin (Bocconi University): "Corporate Taxation and Carbon Emissions"
Discussant: Giacomo Caracciolo (Bank of Italy)
Adriano Rampini (Duke University and CEPR): "Financing the Adoption of Clean Technology"
Discussant: Cristiano Cantore (La Sapienza University)
Session 4: Policy Panel "Green Deal: Reformation, Evolution, and Revolution"
Paolo Angelini (Deputy Governor, Bank of Italy), Pilar Castrillo (Deputy Head of Economic Analysis, ESM), Isabel Vanstenkisten (Director General, ECB); Moderator: Filippo di Mauro (Chairman CompNet)
Friday, 9 June
Session 5: Costs of Energy, Emissions, and Firms
Annalisa Frigo (Banca D'Italia): "The Effects of the 2021 Energy Crisis on Medium and Large Industrial Firms: Evidence from Italy"
Discussant: Antoine Dechezlepretre (OECD)
Christian Thomann (Royal Institute of Technology KTH): "The Effect of Carbon Pricing on Firm Emissions: Evidence from the Swedish CO2 Tax"
Discussant: Carolina Villegas-Sanchez (ESADE)
Philippe Aghion (INSEAD)
Session 6: Credit and Banking
Filippo De Marco (Bocconi University and CEPR): "Climate, Amenities and Banking: El Nino in the US"
Discussant: Ralph de Haas (EBRD)
Emilia Garcia-Appendini (Central Bank of Norway): "Credit Supply and Green Investments"
Discussant: Matteo Paradisi (EIEF)
To register your attendance please fill out the form here by 19 May. Please note that registrations have now closed!