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).

Wer

Keynote Speaker: Philippe Aghion (Insead, London School of Economics and Political Science ‒LSE and Centre for Economic Policy Research ‒ CEPR)

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Bank of Italy, via Nazionale 91, 00184 Rome, Italy

Keynote Speaker: Philippe Aghion (Insead, London School of Economics and Political Science ‒LSE and Centre for Economic Policy Research ‒ CEPR)

Zur Person

Philippe Aghion is Professor at the Collège de France and at the London School of Economics. His research focuses on the economics of growth.

Programm

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.

Programme

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