Two AXA subsidiaries have partnered with the Paris School of Economics (PSE) to launch a research initiative that will look into the energy transition.
AXA IM and the AXA Research Fund have formed the new research chair with the PSE identify conditions for an energy transition to a net zero emissions world.
This will include:
- To better understand the scale of the cost induced by the energy transition, in particular assess the impact of climate policies in terms of stranded assets and green investments,
- To identify the macroeconomic scenarios of the transition and their consequences,
- To reassess the instruments of climate policies in terms of their social and political acceptability.
The research chair will be led by the PSE’s Mouez Fodha, Fanny Henriet (pictured) and Katheline Schubert who will create a forum for collaboration between investment experts, researchers and practitioners. They will consider theoretical analysis of mechanisms, simulations and empirical estimates based on historical data, while surveys and experiments will be conducted to better understand the preferences and behaviour of individuals towards the types of instruments that can be used to drive the energy transition and the link in the development of trust towards institutions.
Gilles Moëc, AXA group chief economist and head of research at AXA IM, said: “By partnering with Paris School of Economics to create this chair, AXA IM wishes to contribute to the effort to mitigate the effects of climate change and foster the transition to a more sustainable future. Some solutions to these issues do not yet exist. Collaborating with scientific and academic communities is therefore essential to identify solutions and new approaches to fight climate change.”
