Online Conference (MS Teams) on “Climate Change and Financial Markets”
Organised by Professor Guglielmo Maria Caporale Brunel University of London
27-28 February 2025 Programme (UK times)
Contact Sylvaine.RousseauBaynes@
Thursday 27 February 2025
8.50am Welcome and Opening Remarks
Guglielmo Maria Caporale, Brunel University of London
9.00am-12.30pm Session 1
Chair: John Hunter, Brunel University of London
9.00am-9.30am
Andrea Flori, Politecnico di Milano - Department of Management, Economics and Industrial Engineering
Financial interdependencies between carbon markets and energy commodities: an application for the European Emissions Trading System
9.30am-10.00am
Caterina Santi, HEC Liège
Beliefs about climate risks and market efficiency
10.00am-10.30am
Alexandre C. Köberle, Nova School of Business and Economics (SBE), Lisbon, Portugal
Market efficiency and climate change
(joint with Sascha Dobbertin and João Amaro de Matos)
10.30am-11.00am
Ginevra Coletti, IUSS Pavia, University of Ferrara
Exploring the role of green finance in Italian SMEs: financing the circular economy
(joint with Asia Guerreschi and Massimiliano Mazzanti)
11.00am-11.30am
David Barmes, Grantham Research Institute on Climate Change and the Environment, LSE
Breaking the “Tragedy of the Horizon”: Taking stock of central banks’ climate- risk approaches a decade after Mark Carney’s speech
(joint with Simon Dikau and Joseph Feyertag)
11.30am-12.00pm
Clara Gonzalez, Bank of Spain The Greening of Central Banks (joint with Soledad Nunez)
12.00pm-12.30pm
Stéphane Dees, Bank of France
Building scenarios for climate stress-testing exercises (joint with Annabelle de Gaye and Noëmie Lisack)
12.30pm-1.30pm Break
1.30pm-5.00pm Session 2
Chair: Alper Kara, Brunel University of London
1.30pm-2.00pm
Phoebe Koundouri, School of Economics and ReSEES Research Laboratory, Athens University of Economics and Business; Department of Technology, Management and Economics, Denmark Technical University (DTU); Sustainable Development Unit, Athena RC; Academia Europea
ESG Controversies and Green Washing in the International Stock Exchanges (joint with Conrad Felix Michel Landis and Nikitas Pittis)
2.00pm-2.30pm
Huszár Zsuzsa Réka, Corvinus University of Budapest ESG measurement uncertainty in Europe and beyond
2.30-3.00pm
Celso Brunetti, Federal Reserve Board
Climate-related physical risks and the banking sector
(joint with Benjamin Dennis, Gurubala Kotta and Caroline Norris)
3.00pm-3.30pm
Elizabeth K. Kiser, Federal Reserve Board
Physical climate effects and natural capital: Interactions and implications for economic and financial risk
(joint with Caroline Norris)
3.30pm-4.00pm
Luis Alberiko Gil-Alana, University of Navarra
Testing for persistence in German brown and green stock market indices
(joint with Guglielmo Maria Caporale, Sakiru A. Solarin and OlaOluwa S. Yaya)
4.00pm-4.30pm
Ilias Filippou, Olin Business School, Washington University in St. Louis Climate Change and Currency Returns
(joint with Mark Taylor and Steve Wu)
4.30pm-5.00pm
Agnieszka Gehringer, Cologne University of Applied Sciences and University of Göttingen
Financing the green transition: Exploring corporate strategies and policy options
Friday 28 February 2025
9.00am-12.30pm Session 3
Chair: Menelaos Karanasos, Brunel University of London
9.00am-9.30am
Serena Fatica, European Commission, DG Joint Research Centre Sustainable debt markets: the European perspective
9.30am-10.00am
Nicola Spagnolo, Universita’ della Campania Luigi Vanvitelli and Brunel University of London
Climate Physical Risk and Asian Stock Market Returns
(joint with Marina Albanese, Guglielmo Maria Caporale, and Ida Colella)
10.00am-10.30am
Dilyara Salakhova, Bank of France and IESEG Business School. Financing of the transition by investment funds
10.30am-11.00am
Elisa Ossola, Università degli Studi di Milano Bicocca
The pricing of environmental risk: An empirical analysis of the European industry portfolios
(joint with Nuno Cassola and Claudio Morana)
11.00am-11.30am
Fulvio Pegoraro, Research and Risk Analysis Directorate, ACPR (Autorite’ de Controle Prudentiel et de la Resolution), Bank of France
Regulatory Yield Curves and Climate-Related Scenarios
11.30am-12.00pm
Joscha Beckmann, FernUniversität Hagen
Physical Climate Risks, Financial Markets and Monetary Policy
12.00-12.30pm
Giulia Nadalini, University of Bologna
Navigating Climatic Risks: Insights from the Wheat Market and Strategies for Financial Hedging
(joint with Silvia Romagnoli)
12.30pm-1.30pm Break
1.30-4.00pm Session 4
Chair: Anamaria Diana Sova, Brunel University of London
1.30-2.00pm
Pietro Calice, World Bank
Just Transition: Issues for Central Banks and Financial Regulators (joint with Dimitri Demekas)
2.00-2.30pm
Pierpaolo Grippa, IMF
Climate Change, the Transition to a Low-Carbon Economy, and the Role of Financial Regulation
(joint with Dimitri Demekas)
2.30-3.00pm
Marieme Toure, The New School for Social Research, New York
The Macroeconomics of Green Finance and the Low Carbon Transition (joint with Joao Paulo Braga, Andreas Lichtenberger, and Willi Semmler)
3.00-3.30pm
Nikiforos Laopodis, Bank of Greece
Linkages between carbon emissions, renewable energy, stock market and macro variables: evidence from the G7 countries
(joint with Eleftheria Kostika)
3.30-4.00pm
Anamaria Diana Sova, Brunel University of London
Climate risk and financial stability in Europe: some panel evidence (joint with Guglielmo Maria Caporale and Robert Sova)