On February 26th at IFP School, as part of the "Electricity Economics and Digital Transition" (EEDT) Chair, Professors Alain Haurie and Marc Vielle presented a summary of their work regarding the application of meta-modeling to assess the economic impacts of possible climate policies compatible with the Paris Climate Change Agreement.
In their article, which they published with Frédéric Babonneau and Alain Bernard, the authors model the emergence of an international carbon market, discuss the rules of equitable distribution of a carbon emission budget, calculate greenhouse gas emission prices, quantify the losses in collective well-being of the different regions of the world and evaluate several new scenarios for a possible equitable sharing of the burden in climate policies compatible with the Paris Climate Change Agreement.
Created in 2018 and led by Arash Farnoosh, the EEDT Chair gathers several research projects to better study new developments and challenges in the electricity market and the entire energy sector chain, from production to consumption.
*Alain Haurie is an Emeritus Professor at the Université de Genève and an Associate Professor at HEC-Montréal. Marc Vielle is a scientific collaborator at the École Polytechnique fédérale de Lausanne.