Conference – Adapting to survive : climate change and finance

Banque de France and ACPR, in partnership with TSE and EconomiX are organizing a conference on:

Adapting to survive: climate change and finance

Friday 13 December 2019

Banque de France Conference Center

31 rue Croix-des-Petits-Champs

75001 Paris

in présence of

François Villeroy de Galhau, Governor of Banque de France

Nicolas Hulot , former French Minister for Environment

“Adapting to survive: Climate change and finance” is an interdisciplinary conference gathering people from the civil society and the business community with academics and central bankers to discuss three challenges that climate change implies for central banks.
 
Three verbs summarizes those challenges: Characterizing, Catalyzing and Contributing
 
Characterizing because central banks must characterize how climate change will impact economies, using two types of tools

• Economic models may help to quantify the impact on the implied financial risks but also on GDP or the inflation rate.
• Distopia – a nightmarish narrative about what might happen to our world in the near future – may describe the extreme consequences to which individuals will be exposed because of climate change.

Catalyzing because the fight against climate change requires an identification of the policies best able to reduce carbon consumption, with a contrast between tax-based tools and more intrusive or sectoral policies.
 
Contributing in an effort to define the contribution of the financial sector to the fight against climate change, which encompasses the financing of the energy transition, the measure of the climate-induced financial risks or the role of the public authorities in charge of supervising the financial sector or of the monetary policy.
 
By bringing together specialists from diverse backgrounds, this conference aims both at taking stocks on current policyissues and at sparking the interest of researchers on emerging research questions. On the day before this conference, Thursday 12 December, papers presenting the current research on climate change will be discussed in an academic workshop.