Understanding and navigating adjustment frictions in the green transition
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Understanding and navigating adjustment frictions in the green transition

Event details
September 20, 2022
Online Event
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Annual Research Conference 2022

Organised since 2004, the 2022 edition of the Annual Research Conference (ARC) is co-organised by the Joint Research Centre (JRC) and the Directorate-General for Economic and Financial Affairs (DG ECFIN). ARC is the forum of excellence where European Institutions exchange knowledge and engage in dialogue with researchers at academic institutions and think tanks, practitioners at civil society organisations and citizens.

This year, the JRC and DG ECFIN invite Conference participants to discuss how to turn green the European way: keeping cutting the edge while remaining social and fair.

Conference participants shall listen to speakers discuss different aspects of a successful green transition and address questions on

  • how to design appropriate policies and instruments to incentivize a green transition;
  • how to change production and consumption patterns;
  • how to engineer the necessary private and public investment/technological transformation, and
  • how to bring about the necessary innovation and human capital accumulation.

All this, while at the same time preserving social cohesion and the cohesion of the EU.

Join us in this year’s knowledge exchange, be informed. Be part of the ARC22.

The conference is hybrid and takes place online and in Seville, Spain at CaixaForum



20 September 2022

12:00 – 17:00
13:45 – 14:00

Paolo Gentiloni, European Commissioner for Economy
Maarten Verwey, Director General Economic & Financial Affairs, European Commission
Stephen Quest, Director General Joint Research Centre, European Commission

14:00 – 14:40

Ottmar Edenhofer, Potsdam Institute for Climate Impact Research (PIK)

14:40 – 15:00
Coffee break – Poster Session
15:00 – 17:00
Parallel sessions

Understanding and navigating adjustment frictions in the green transition

Moderator: Elena Verdolini, EIEE and University of Brescia

Barbara Annichiarico, University of Rome “Tor Vergata”
Climate Policies, Macroprudential Regulation and the Welfare Cost of Business Cycles
Discussant: Katheline Schubert , Paris School of Economics

Gustav Fredriksson, ETH Zürich
Unemployment and the cost of climate policy
Discussant: Jan Witajewski-Baltvilks, University of Warsaw

Hendrik Schuldt, Potsdam Institute for Climate Impact Research (PIK)
Financing the low-carbon transition: the impact of financial frictions on clean investment
Discussant: Magdalena Rola-Janicka, Tilburg University

Green Policy Design

Moderator: Leen Hordijk, Wageningen University (Emeritus)

Lorenzo Forni, University of Padua and Prometeia Associazione
Fiscal policies for a sustainable recovery and a green transformation
Discussant: Simona Pojar, Directorate-General for Economic & Financial Affairs, European Commission

Simon J. Black, International Monetary Fund
The carbon price equivalence of climate mitigation policies
Discussant: Carolyn Fischer, Amsterdam University & World Bank

Melina Papoutsi, European Central Bank
How unconventional is green monetary policy?
Discussant: Dirk Schoenmaker, Erasmus University Rotterdam



End of day one