The Finance of Climate Change - Co-sponsored by the Journal of Corporate Finance

Conference dates

16 Dec 2019 - 17 Dec 2019

Location

Paris - Institut Louis Bachelier

Description

EDHEC Risk Institute, in collaboration with the Institut Louis Bachelier, is pleased to announce a 2 days conference aiming to bring together academics, investors, and policy makers working on issues related to the finance of climate change.

CALL FOR PAPERS
Financial decisions worldwide are increasingly influenced by the scarcity of resources and climate. The extent of the environmental impact from climate change is still uncertain but the recent scientific evidence is increasingly worrisome (IPCC, 2018) and many governments are taking decisive steps in order to avert a catastrophe. The transition towards a low-carbon economy requires a broad array of financial instruments and innovations that will have far-reaching implications for markets, corporations, intermediaries, and investors. The financial implications of climatic change risks - in a context of evolving climate policies - are still understudied. Specific research areas to be covered include the use of capital markets to create market-based emissions trading systems, the efficiency of the market pricing of climatic risks, the role of venture capital and alternative finance to develop new low-emissions technologies, the climate risks assessment and disclosure for banks and non-financial companies, the contribution of project finance and private equity to building clean energy projects, the financial management decisions affected by climate risks and policies, the corporate governance conflicts and incentives in addressing climate risks, and the design of investment strategies to hedge climate risks and liabilities.

Suggestions for research topics include:
• Efficiency of the market pricing of climate risks
• Causal links between global warming and firm or industry cash flows
• Venture capital, crowdfunding, and alternative finance for clean-tech
• Green bonds and green financial institutions
• Valuation of stranded assets in energy and carbon intensive industries
• Private equity and project finance for renewable energy investments
• Agency conflict, board oversight, and corporate governance incentives in dealing with climate risks
• Institutional investors and climate change
• Green lending and green stress testing
• Hedging climate risks
• Corporate disclosure regarding carbon and climate risk exposures

Scientific Committee: Ben Caldecott (University of Oxford); Laurent Calvet (EDHEC Business School); Caroline Flammer (Boston University); Gianfranco Gianfrate (EDHEC Business School); Harrison Hong (Columbia University); Matteo Maggiori (Harvard University); Dirk Schoenmaker (Rotterdam School of Management); Enrique Schroth (Cass Business School); Raman Uppal (EDHEC Business School).

SUBMISSIONS
Full paper submissions for the conference (only in English): from July 1 to August 31, 2019. Please send your working paper to the following email: climatefinance@edhec.edu.

Journal of Corporate Finance (JCF) Combined Submission Option: Articles submitted to the conference that fall within the scope of the Journal of Corporate Finance may be considered for a special issue on the Finance of Climate Change in the Journal under its dual review process. Please, refer to the related dual submission guidelines on the conference website and the email announcement for the call for papers. Papers submitted to the special issue will go through a standard reviewing process with anonymous referees. The reviewing process will be managed by the guest editors with oversight of the General Editors of The Journal of Corporate Finance.

FURTHER INFORMATION
https://www.journals.elsevier.com/journal-of-corporate-finance/call-for-papers/the-finance-of-climate-change