Hubert Kempf, Professor of Economics at the Ecole Normale Supérieure Paris - Saclay (France) and Academic Supervisor of HSE International Laboratory for Macroeconomic Analysis (IMLA), will speak about the greening of monetary policy at ameeting of theDiscussion Club on Modern Economic Policy on November 25. In his interview, Professor Kempf spoke about the work of IMLA, the development of macroeconomics, and the role central banks can play in combatting climate change.
What is happening to nature and the climate? How does it impact the global economy? How are countries going to adapt to these changes? These and other questions will be discussed by experts in a series of discussions as part of ECOCUP Green Talks 2021, a festival of ‘green’ documentaries. The event is organized with support from the HSEFaculty of Geography and Geoinformation Technology in partnership with the Delegation of the European Union to Russia.
More than a hundred countries have already declared the achievement of ‘zero emissions with the exception of absorption’ to be their primary goal in the fight against climate change. For Russia, whose primary export is fossil fuels, the global rejection of hydrocarbons poses great risks. Experts discussed the issue at the research seminar, ‘Decarbonization as a Global Trend: Changing the Economic Landscape and Its Importance for Companies’, which was jointly organized by HSE University and the Association of European Businesses.
An applied research project being carried out by the HSE Laboratory for Economics of Climate Change uses the example of the Chechen Republic and the mountainous areas of Krasnodar Krai to create a model of climate risk evaluation and management for Russian regions. Laboratory heads Igor Makarov and Ilya Stepanov talk about the threats presented by global climate change, about whether the pandemic will slow it down, and why a multifaceted approach is essential.
Fighting climate change requires close international cooperation, but global politics and short-term economic interests still hinder the execution of a joint plan of action. How can this be overcome? Participants of HSE’s international conference ‘The New Economics of Climate: Prospects for Russia’ tried to answer this question.