IMF Conference

Opening Remarks

Hakima El Haité, Minister Delegate in charge of Environment of the Minister of Energy, Mining, Water and Environment of Morocco

Delegate Minister in Charge of Environment, Morocco and COP22 Host

H.E. Dr. Hakima El Haité is the current Minister Delegate in Charge of Environment of the Ministery of Energy, Mining, Water and Environment of Morocco.

Dr. Hakima El Haité holds a degree in Biology and Water Microbiology at the Faculty of Sciences of Fez in 1986, the Diploma of Advanced Studies (DEA) in Ecotoxicology at the Faculty of Sciences of Meknes in 1987, the National Ph.D. in Environmental Science at the Faculty of Sciences of Meknes in 1991 and a second PhD in Environmental Engineering at School of Mines of Saint Etienne in 2010 (France). She also holds a Degree in political communication of the University of Washington, in 2008.

Dr. Hakima El Haité has extensive experience in project management, which allowed her to develop skills both in technical, administrative as well as financial, legal, environmental and sustainable development matters

Dr. Hakima El Haité was attached to the General Directorate of the Urban Agency of Fez (1992-1993), she is founding director of S.EAUGLOBE, which specializes in engineering and environmental work since 1994. She is delegated to the presidential summit of the President of the United States of America OBAMA for entrepreneurship and nominated as a pioneer in the environmental business in Africa and the Middle East (1990) and Vice President of US-NAPEO (North Africa Partnership for Economic Opportunity ) (2011) .

Regarding its associative trail, Dr. Hakima El Haité has had a long and successful experience. Thus she was treasurer of the National Union of Women (1994) to the section of Fes, Vice President of AFEM (2007) and the International Liberal INLW for women (2007), Founding President of Connectingroup int (2011), deputy president of the Liberal International for women (2012), Chairwoman of the Committee of the national Charter for participatory democracy (2013) and Member of the Committee of the national debate with civil society.

Moreover Dr. Hakima El Haité has published several books and scientific articles on the Environment and Sustainable Development.

Maurice Obstfeld, Economic Counsellor and Director, International Monetary Fund

IMF Economic Counsellor and Director, Research Department

Maurice Obstfeld was born in New York City in 1952. Since September 2015, he has been the Economic Counsellor and Director of Research at the International Monetary Fund, on leave from the University of California, Berkeley. At Berkeley, he is the Class of 1958 Professor of Economics and formerly Chair of the Department of Economics (1998-2001). He arrived at Berkeley in 1991 as a professor, following permanent appointments at Columbia (1979-1986) and the University of Pennsylvania (1986-1989), and a visiting appointment at Harvard (1989-90). He received his Ph.D. in economics from MIT in 1979 after attending the University of Pennsylvania (B.A., 1973) and King’s College, Cambridge University (M.A., 1975).

From July 2014 to August 2015, Dr. Obstfeld served as a Member of President Obama’s Council of Economic Advisers. He was previously (2002-2014) an honorary advisor to the Bank of Japan's Institute of Monetary and Economic Studies. He is a Fellow of the Econometric Society and the American Academy of Arts and Sciences. Among Dr. Obstfeld's honors are Tilburg University’s Tjalling Koopmans Asset Award, the John von Neumann Award of the Rajk Laszlo College of Advanced Studies (Budapest), and the Kiel Institute’s Bernhard Harms Prize. He has given a number distinguished lectures, including the American Economic Association’s annual Richard T. Ely Lecture, the L. K. Jha Memorial Lecture of the Reserve Bank of India, and the Frank Graham Memorial Lecture at Princeton. Dr. Obstfeld has served both on the Executive Committee and as Vice President of the American Economic Association. He has consulted and taught at the IMF and numerous central banks around the world.

He is also the co-author of two leading textbooks on international economics, International Economics (10th edition, 2014, with Paul Krugman and Marc Melitz) and Foundations of International Macroeconomics (1996, with Kenneth Rogoff), as well as more than 100 research articles on exchange rates, international financial crises, global capital markets, and monetary policy.

Overview of Questions and Themes

Patrick Bolton, Professor, Columbia University

Patrick Bolton is the Barbara and David Zalaznick Professor of Business and member of the Committee on Global Thought at Columbia University.

He is also Co-Director of the Center for Contracts and Economic Organization at the Columbia Law School. He is a past President of the American Finance Association. He is a Fellow of the Econometric Society (elected 1993), the American Academy of Arts and Sciences (elected 2009), and a Corresponding Fellow of the British Academy (elected 2013). He is also a Research Associate of the National Bureau of Economic Research, a Research Fellow of the Center for Economic Policy Research, and a Fellow of the European Corporate Governance Institute. His areas of interest are in Contract Theory, Corporate Finance, Corporate Governance, Banking, Sovereign Debt, Political Economy, Law and Economics and Sustainable Investing.  He has written a leading graduate textbook on Contract Theory with Mathias Dewatripont, MIT Press (2005); edited The Economics of Contracts, Edward Elgar Publishing Inc. (2008); co-edited, Credit Markets for the Poor with Howard Rosenthal, Russell Sage Foundation (2005); and Sovereign Wealth Funds and Long-Term Investing, with Frederic Samama and Joseph E. Stiglitz, Columbia University Press (2011).

Keynote address: Martin Weitzman, Professor, Harvard University

Professor of Economics at Harvard University

Previously he was on the faculties of MIT and Yale. He has been elected as a fellow of the Econometric Society and the American Academy of Arts and Sciences. He has published widely in many leading economic journals and written three books. Weitzman's interests in economics are broad and he has served as consultant for several well-known organizations. His current research is focused on environmental economics, including climate change, the economics of catastrophes, cost-benefit analysis, long-run discounting, green accounting, and comparison of alternative instruments for controlling pollution.”

I was unclear whether you wanted a picture.  In case you did, I attach a recent photo. 

As for slide presentation, please confirm that you have received my slide file, also attached here.  Please make sure the slides are on the computer, as I do not trust myself to do this accurately on a moment’s notice.

Presentation

Coffee Break

Chair: Prakash Loungani, Division Chief, International Monetary Fund

Division Chief, International Monetary Fund and Senior Fellow at the OCP Policy Center

Prakash Loungani is Advisor in the IMF’s Research Department and Co-Chair of the IMF’s group on Jobs and Growth. He is also an adjunct Professor of Management at Vanderbilt University’s Owen School of Business, where he has taught in the Executive MBA program for the past 15 years. During 2013-14, he was on the World Economic Forum’s council on employment issues. His academic work has been published in top-tier journals and the citations to this work place him among the top 5% of economists worldwide.

He was the co-author of the IMF’s background paper for the ILO-IMF conference in Oslo on tackling unemployment. More recently, he is the co-author (with Olivier Blanchard and Florence Jaumotte) of a paper on ‘Labor Market Policies and IMF Advice in Advanced Economies during the Great Recession’ and has ongoing work on labor migration.

Speaker: Philippe Benoit, International Energy Agency

Philippe Benoit is Head of the Energy Efficiency and Environment Division at the International Energy Agency in Paris. The division analyses energy efficiency and climate change policy. Prior to the IEA, Philippe Benoit was at the World Bank, most recently as Sector Manager for Energy in the Sustainable Development Department of the Latin America and the Caribbean Region. He has held a number of positions within the World Bank, including in the energy group in the Africa Region, in the Private Sector Department (specializing in PPPs), and in the Legal Department. Mr. Benoit has also worked at SG Investment Bank as Director of the oil and gas division as well as on Wall Street in energy project financings. He holds a BA in Economics and Political Science from Yale University, a JD from Harvard Law School and a DESS in Law from the University of Paris, Pantheon-Sorbonne.

“Energy and Climate: From Paris to Marrakesh and Beyond”
Presentation

Speaker: Rick van der Ploeg, Oxford University

Professor of economics and Research Director of the Oxford Centre for the Analysis of Resource Rich Economics at the University of Oxford.

Previously held academic appointments at Cambridge University, LSE, European University Institute, Tilburg and Amsterdam Universities and has also been a Member of Parliament and State Secretary of Education, Culture and Science in the Netherlands. Research interests are macro, development, international, public finance, resource and environmental economics. Has been consultant to IMF, World Bank, ADB, AfDB, EU and various national governments.

“Transitional Risks”
Presentation

General discussion

Lunch

Address by Said Mouline, CEO, Aderee & Head of Public Private Partnership, COP22 Committee  

Managing Director

Said Mouline is a specialized engineer in the areas of Environmental Protection. He has graduated from the Grenoble National Polytechnic Institute and the University of Pennsylvania in Philadelphia. Former Advisor in Sustainable Development for the Chairman of OCP Group and the Minister of Energy and Mines in 1989, he joined the Renewable Energy Development Center (CDER) in 1992 as a Scientific and Technical Director. Said mouline has also held several positions of responsibility within the group Finance.com, always in the field of Energy and Environment, and was in charge of the program Qualitair the Mohammed VI Foundation for the Protection of the Environment. Appointed by His Majesty King Mohammed VI, General Director of CDER March 6, 2009, he is since 2010, Director General of the National Agency for the Development of Renewable Energy and Energy Efficiency (ADEREE).

Chair: Natacha Valla, Head of the Policy and Strategy Division, European Investment Bank

Natacha Valla is head of Policy and Strategy Division at the European Investment Bank since 2016 and a permanent member of the Conseil d’Analyse Economique in France.

Before joining the EIB, she was Deputy Director of CEPII (2014-2016), heading the International Macroeconomics and Finance programme. In 2008-2014, she was Executive Director at Goldman Sachs. She started her career at the European Central Bank (2001-2008). She has also been a consultant (IMF, OECD), and taught at the Universities of Florence, Paris-Dauphine, H.E.C. and Sciences-Po. She is also a Board member of French companies, of the Société d’Economie Politique, of the scientific committee of the French Banking Supervisory and Resolution Body (ACPR), and of SUERF (European Money and Finance Forum).

Her research includes applied and international macroeconomics, financial stability and monetary policy. She has written articles on financial stability and markets, monetary policy and capital flows.

She received a PhD from the European University Institute (Florence) in 2003.

Speaker: Ian Parry, International Monetary Fund

Is the Principal Environmental Fiscal Policy Expert in the Fiscal Affairs Department of the IMF. Prior to joining the IMF in 2010, Parry held the Allen V. Kneese Chair in Environmental Economics at Resources for the Future. He has a PhD in economics from the University of Chicago.

Parry’s research focuses on analytical and spreadsheet models to quantify for different countries the economic impacts and efficient levels of a wide range of environmental, energy, and transportation policies. His work emphasizes the critical role of fiscal instruments to address externalities and raise revenue. Parry has published numerous papers in professional journals. His recent (co-authored or co-edited) books include Fiscal Policy to Mitigate Climate Change: A Guide for Policymakers; Issues of the Day: 100 Commentaries on Environmental, Energy, Transportation, and Public Health Policy; Getting Energy Prices Right: From Principle to Practice; and Implementing a US Carbon Tax: Challenges and Debates.

“Getting Energy Prices Right”
Presentation

Speaker: Katheline Schubert, Paris School of Economics

Professor, Univ. Paris 1 Panthéon-Sorbonne; Associate chair, Paris School of Economics

Katheline Schubert earned her PhD in economics from Univ. Paris 1 in 1986. She has been an Assistant Professor at Ecole Centrale Paris from 1987 to 1988 and a Professor at Univ. of Tours from 1989 to 1993.

Her research interests are in environmental economics, natural resources economics, dynamic macroeconomics and growth theory. Her most recent works are on climate economics and on energy transition. She has published on these topics in many top journals, among which American Journal of Agricultural Economics, Energy Journal, Journal of Economic Theory, Journal of Mathematical Economics, Macroeconomic Dynamics, Journal of Environmental Economics and Management, Journal of Economic Dynamics and Control, Journal of Public Economic Theory. She has previously worked in the field of macroeconomic modelling (Computable General Equilibrium Models).

She has been a member of the national Economic Council for Sustainable Development (CEDD) since 2011 and is past-president of the French Economic Association (AFSE).

“Should Carbon Pricing be Different Across Countries? 
Presentation

General discussion

Coffee Break

Moderator: Maurice Obstfeld, Economic Counsellor and Director, International Monetary Fund

IMF Economic Counsellor and Director, Research Department

Maurice Obstfeld was born in New York City in 1952. Since September 2015, he has been the Economic Counsellor and Director of Research at the International Monetary Fund, on leave from the University of California, Berkeley. At Berkeley, he is the Class of 1958 Professor of Economics and formerly Chair of the Department of Economics (1998-2001). He arrived at Berkeley in 1991 as a professor, following permanent appointments at Columbia (1979-1986) and the University of Pennsylvania (1986-1989), and a visiting appointment at Harvard (1989-90). He received his Ph.D. in economics from MIT in 1979 after attending the University of Pennsylvania (B.A., 1973) and King’s College, Cambridge University (M.A., 1975).

From July 2014 to August 2015, Dr. Obstfeld served as a Member of President Obama’s Council of Economic Advisers. He was previously (2002-2014) an honorary advisor to the Bank of Japan's Institute of Monetary and Economic Studies. He is a Fellow of the Econometric Society and the American Academy of Arts and Sciences. Among Dr. Obstfeld's honors are Tilburg University’s Tjalling Koopmans Asset Award, the John von Neumann Award of the Rajk Laszlo College of Advanced Studies (Budapest), and the Kiel Institute’s Bernhard Harms Prize. He has given a number distinguished lectures, including the American Economic Association’s annual Richard T. Ely Lecture, the L. K. Jha Memorial Lecture of the Reserve Bank of India, and the Frank Graham Memorial Lecture at Princeton. Dr. Obstfeld has served both on the Executive Committee and as Vice President of the American Economic Association. He has consulted and taught at the IMF and numerous central banks around the world.

He is also the co-author of two leading textbooks on international economics, International Economics (10th edition, 2014, with Paul Krugman and Marc Melitz) and Foundations of International Macroeconomics (1996, with Kenneth Rogoff), as well as more than 100 research articles on exchange rates, international financial crises, global capital markets, and monetary policy.

Patrick Bolton, Professor, Columbia University

Patrick Bolton is the Barbara and David Zalaznick Professor of Business and member of the Committee on Global Thought at Columbia University.

He is also Co-Director of the Center for Contracts and Economic Organization at the Columbia Law School. He is a past President of the American Finance Association. He is a Fellow of the Econometric Society (elected 1993), the American Academy of Arts and Sciences (elected 2009), and a Corresponding Fellow of the British Academy (elected 2013). He is also a Research Associate of the National Bureau of Economic Research, a Research Fellow of the Center for Economic Policy Research, and a Fellow of the European Corporate Governance Institute. His areas of interest are in Contract Theory, Corporate Finance, Corporate Governance, Banking, Sovereign Debt, Political Economy, Law and Economics and Sustainable Investing.  He has written a leading graduate textbook on Contract Theory with Mathias Dewatripont, MIT Press (2005); edited The Economics of Contracts, Edward Elgar Publishing Inc. (2008); co-edited, Credit Markets for the Poor with Howard Rosenthal, Russell Sage Foundation (2005); and Sovereign Wealth Funds and Long-Term Investing, with Frederic Samama and Joseph E. Stiglitz, Columbia University Press (2011).

Sasanka Thilakasiri, Senior Policy Advisor, Climate Change & Energy, Oxfam America

Senior Policy Advisor for Climate Change and Energy at Oxfam America

He works on issues of energy poverty and clean energy access, in shifting international financing towards more pro-poor clean energy investments. Previously he was Oxfam International’s economic justice policy lead for international financial institutions, leading the Confederation’s advocacy efforts toward the World Bank Group and IMF on climate, energy, land and agriculture policy. He also co-led the development of Oxfam’s energy policy.

He received a Master of Natural Systems Engineering from the University of Western Australia in 2008 and a Bachelor of Chemical Engineering from Curtin University of Technology in 2002, and has worked in environmental, climate and energy policy and projects in the Australian mining sector. Prior to joining Oxfam he worked at The Energy and Resources Institute (TERI) in New Delhi, working on domestic climate policy, industrial energy efficiency, and distributed rural off-grid renewable energy projects, as well as the international UNFCCC negotiations.

Jan SvejnarDirector, Center on Global Economic Governance, Columbia University

The James T. Shotwell Professor of Global Political Economy and Director of the Center on Global Economic Governance at Columbia University.

He focuses his research on (i) the effects of government policies on firms, labor and capital markets; (ii) corporate, national, and global governance and performance; and (iii) entrepreneurship.

Professor Svejnar is also a founder and Chairman of CERGE-EI in Prague (an American-style Ph.D. program in economics that educates economists for Central-East Europe and the Newly Independent States) and he serves as co-editor of Economics of Transition. He is a Fellow of the European Economic Association and Research Fellow of the Center for Economic Policy Research (London) and Institute for the Study of Labor (IZA) in Bonn. From 1992 to 1997, Professor Svejnar served as the Founding Director of the Economics Institute of the Academy of Sciences of the Czech Republic. He also served as Co-Director of the Transition Programme at the Center for Economic Policy Research in London, President of the Association for Comparative Economic Studies, Associate Editor of the Journal of Economic Perspectives, Governing Board member of the European Economic Association, and Economic Advisor to President Vaclav Havel of the Czech Republic. In 2008 he was one of two presidential candidates in the Czech Republic. He is the author and editor of a number of books and has published widely in academic, policy, and practitioner-oriented journals.

Martin Weitzman, Professor, Harvard University

Professor of Economics at Harvard University

Previously he was on the faculties of MIT and Yale. He has been elected as a fellow of the Econometric Society and the American Academy of Arts and Sciences. He has published widely in many leading economic journals and written three books. Weitzman's interests in economics are broad and he has served as consultant for several well-known organizations. His current research is focused on environmental economics, including climate change, the economics of catastrophes, cost-benefit analysis, long-run discounting, green accounting, and comparison of alternative instruments for controlling pollution.”

I was unclear whether you wanted a picture.  In case you did, I attach a recent photo. 

As for slide presentation, please confirm that you have received my slide file, also attached here.  Please make sure the slides are on the computer, as I do not trust myself to do this accurately on a moment’s notice.

Dinner

Keynote address: Nizar Baraka, President, COP22 Scientific Committee

Holder of a Bachelor degree in 1981 and a license in economics at the Université Mohammed V-Agdal in 1985, Nizar Baraka has obtained in 1985, the Diploma of Advanced Studies in Economics at the French University of Aix Marseille III (1986) before having a PHD in economic sciences at the same University (1992).

After an experience in the field of education in the Faculty of Law, Economic and Social Sciences in Mohammed V-Agdal university and in the National Institute of Statistics and Applied Economics, he integrated the Department of Finance in 1996 where he assumed several positions of responsibility before being appointed Deputy Director of the Directorate of Studies and the financial forecasts in 2006.

Mr. Baraka was also a member of the Board of Directors of the Council of Ethics of securities in 2004. In addition to that, he is a member of the National Observatory of Human Development.

Mr. Baraka was appointed by His Majesty the King Mohammed VI, in January 2012, Minister of the economy and finance after having occupied, between 2007 and 2011, the position of Minister Delegate to the Prime Minister for Economic Affairs and General.

Mr. Baraka has been appointed as Director for COP 22 Scientific Committee, which will be held in Marrakesh, November 7-18.

Chair: Martin Weitzman, Professor, Harvard University

Professor of Economics at Harvard University

Previously he was on the faculties of MIT and Yale. He has been elected as a fellow of the Econometric Society and the American Academy of Arts and Sciences. He has published widely in many leading economic journals and written three books. Weitzman's interests in economics are broad and he has served as consultant for several well-known organizations. His current research is focused on environmental economics, including climate change, the economics of catastrophes, cost-benefit analysis, long-run discounting, green accounting, and comparison of alternative instruments for controlling pollution.”

Speaker:Christian Gollier, Toulouse School of Economics

Toulouse School of Economics September  2016

Christian Gollier is an internationally renowned researcher in Decision Theory under Uncertainty and its application in climate economics, finance, investment, consumption and saving, insurance economics and cost-benefit analysis, with a special interest for long term (sustainable) effects. He has published more than 100 scientific papers in these fields in international journals. He is also associate editor, editor or co-editor of scientific journals such the Journal of Risk and Uncertainty, the Journal of Risk and Insurance, and Management Science. He has published 7 books on risk including “The Economics of Risk and Time”, MIT Press, winner of the 2001 Paul A. Samuelson Award, and "Pricing the Planet's Future ", Princeton University Press (2012).

With Jean Tirole, he created the Toulouse School of Economics, one of the best European department of economics. He subsequently served there as deputy director (2007-2009) and then director (2009-2015). In addition to outstanding scholarship, Christian has a rich international teaching experience. Prior to joining the University of Toulouse, he has lectured at University of Louvain and at UC San Diego (postdoc in 1988-89). He has also been associate professor at Ecole Polytechnique and at HEC-Paris (assistant then associate professor, 1989-1994). He spent a semester at the economics department of Harvard University (2012), and has been the Wesley Clair Mitchell Visiting Research Professor at the economics department of Columbia University during the academic year of 2015-2016.

Among many prizes and honors, he was awarded the fellowship of the Econometric Society, the membership of the Institut Universitaire de France, the Ernst Meyer prize, the Royal Belge Award, the Erik Kempe award (joint with M. Weitzman from Harvard) for the best paper in environmental economics (2008-2010) delivered by the EAERE, and the Prix Edouard Bonnefous of the French Académie des Sciences Morales et Politiques, for example. He has also been President of the Risk Theory Society and of the European Group of Risk and Insurance Economists. He also received an Advanced Grant from the European Research Council.

He is one of the Lead Authors of the fourth and fifth Reports of the Intergovernmental Panel of Climate Change (IPCC, 2007 and 2013).

“Climate Beta”
Presentation

Speaker: Ted Loch-Temzelides, Rice University

Ted Loch-Temzelides, Ph.D., is a Professor of Economics and a Baker Institute Center for Energy Studies Rice scholar at Rice University.

He has taught and given research seminars at numerous universities and conferences around the world. He has worked and consulted for several institutions, including the Federal Reserve, the European Central Bank, the International Monetary Fund, and the Central Bank of Portugal. His current research interests include the energy transition to a low carbon economy, power generation and energy use in the developing countries, and the economic implications of new technologies in the energy sector. He is also studying learning and non-standard models of economic decision making. He teaches undergraduate and graduate courses in Financial Engineering, Energy, and Macroeconomics. His work has received funding from the National Science Foundation and has been published in several economics journals. He is on the editorial board of the journal Economic Theory and he is a CESifo fellow. He has served as a Vice-President of the Board of Directors, French-American Chamber of Commerce - Houston Chapter, has written blogs for the Houston Chronicle and for Forbes, and has appeared as a guest on Al-Jazeera and on China Central Televisionil

“Robust Dynamic Energy Use and Climate Change”
Presentation

Lunch

Chair: Karim El Aynaoui, Managing Director, OCP Policy Center 

Managing Director, OCP Policy Center

Karim El Aynaoui is currently Managing Director of OCP Policy Center and advisor to the CEO and Chairman of OCP, a global leader in the phosphate sector. OCP Policy Center is an autonomous Moroccan think thank created by OCP Foundation to further objective policy debate and analysis of key social, economic, and geopolitical issues that affect the future of the private sector and the country.

From 2005 to 2012 he worked at Bank Al-Maghrib, the Central Bank of Morocco. He was the Director of Economics and International Relations, where he provided strategic leadership in defining and supporting monetary policy analysis and strategy. He was also in charge of the Statistical and International Relations Divisions of the Central Bank, led the research division and was a member of the Governor’s Cabinet. Before joining Bank Al-Maghrib, Karim El Aynaoui worked for eight years at the World Bank, both in its Middle Eastern and North Africa, and Africa regions as an economist. He holds a PhD in economics from the University of Bordeaux, where he taught for three years. He has published articles in scientific journals on macroeconomic issues in developing countries.

Speaker: Bård Harstad, University of Oslo

Economics professor, the University of Oslo

Bård Harstad is an Economics professor at the University of Oslo, and he was a faculty member at Kellogg School of Management, Northwestern University, 2004-2012. His field of research is environmental economics, political economy, public economics and economic theory. In particular, he has written on international agreements, negotiations, green technology, deforestation and conservation in journals such as the American Economic Review, Quarterly Journal of Economics, Journal of Political Economy, Review of Economic Studies, and American Political Science Review, among others. Harstad's paper "Buy Coal: A Case for Supply-Side Environmental Policy" received the Erik Kempe Award in Environmental and Resource Economics from the European Association of Environmental and Resource Economists as the best paper in the field by a European author, 2011-2012. His research on economics and environmental problems has been awarded a Starting Grant (2012-2016) and a

Consolidator Grant (2016-2021) by the European Research Council

“Improving Paris: Credibility, Technology, and Conservation”
Presentation

Speaker: Ujjayant Chakravorty, Resources for the Future

Ujjayant Chakravorty is Professor of Economics at Tufts University and Fellow at the Toulouse School of Economics and CESifo. He is co-editor of the Journal of Environmental Economics and Management. He was previously Professor and Canada Research Chair at the University of Alberta and has taught at Emory University and the University of Hawaii at Manoa. He has worked on the economics of fossil fuels and clean energy, the effect of environmental regulation on energy prices and the economics of water resources. His current work involves estimating the economic benefit of reliable electricity in rural India, studying groundwater markets in India and China, the effect of US biofuel mandates on world food prices and poverty and the relationship between deforestation and household time allocation. He has been visiting professor at Sorbonne and the Graduate School of International Studies at Geneva. He has received research funding from NSF, NOAA, SSHRC and other agencies. His research has been published in mainstream academic journals including the American Economic Review, Journal of Political Economy, Econometrica, Journal of Environmental Economics and Management and the Journal of Economic Dynamics and Control. He is on the Editorial Board of the journal Environmental Economics and Policy Studies and past associate editor for Resource and Energy Economics and Water Resources Research. He is Co-Editor of the book "India and Global Climate Change" published by Oxford University Press. Chakravorty has a BS in Civil Engineering from IIT Delhi and a PhD in Resource and Environmental Economics from the University of Hawaii/East-West Center.

“Perspective from Developing Countries”
Presentation

General Discussant

Coffee Break

Moderator: Patrick Bolton, Professor, Columbia University

Patrick Bolton is the Barbara and David Zalaznick Professor of Business and member of the Committee on Global Thought at Columbia University.

He is also Co-Director of the Center for Contracts and Economic Organization at the Columbia Law School. He is a past President of the American Finance Association. He is a Fellow of the Econometric Society (elected 1993), the American Academy of Arts and Sciences (elected 2009), and a Corresponding Fellow of the British Academy (elected 2013). He is also a Research Associate of the National Bureau of Economic Research, a Research Fellow of the Center for Economic Policy Research, and a Fellow of the European Corporate Governance Institute. His areas of interest are in Contract Theory, Corporate Finance, Corporate Governance, Banking, Sovereign Debt, Political Economy, Law and Economics and Sustainable Investing.  He has written a leading graduate textbook on Contract Theory with Mathias Dewatripont, MIT Press (2005); edited The Economics of Contracts, Edward Elgar Publishing Inc. (2008); co-edited, Credit Markets for the Poor with Howard Rosenthal, Russell Sage Foundation (2005); and Sovereign Wealth Funds and Long-Term Investing, with Frederic Samama and Joseph E. Stiglitz, Columbia University Press (2011).

Nizar Baraka, President, COP22 Scientific Committee

Holder of a Bachelor degree in 1981 and a license in economics at the Université Mohammed V-Agdal in 1985, Nizar Baraka has obtained in 1985, the Diploma of Advanced Studies in Economics at the French University of Aix Marseille III (1986) before having a PHD in economic sciences at the same University (1992).

After an experience in the field of education in the Faculty of Law, Economic and Social Sciences in Mohammed V-Agdal university and in the National Institute of Statistics and Applied Economics, he integrated the Department of Finance in 1996 where he assumed several positions of responsibility before being appointed Deputy Director of the Directorate of Studies and the financial forecasts in 2006.

Mr. Baraka was also a member of the Board of Directors of the Council of Ethics of securities in 2004. In addition to that, he is a member of the National Observatory of Human Development.

Mr. Baraka was appointed by His Majesty the King Mohammed VI, in January 2012, Minister of the economy and finance after having occupied, between 2007 and 2011, the position of Minister Delegate to the Prime Minister for Economic Affairs and General.

Mr. Baraka has been appointed as Director for COP 22 Scientific Committee, which will be held in Marrakesh, November 7-18.

Thierry Deau, CEO, Meridiam

Founding Partner, Chief Executive Officer

Thierry graduated from Ecole Nationale des Ponts et Chaussées engineering school in Paris and began his career in Malaysia with the construction firm of GTM International.

He then joined France’s Caisse des Dépôts et Consignations where he held several positions with its engineering subsidiary Egis Projects, moving up from project manager, then director of concession projects to his appointment as Chief Executive Officer of Egis in 2001.

In addition to being in charge of international operations for the Egis Group executive committee and serving on its risk management committee, Thierry was a member on some of the boards and the chairman on other boards of several subsidiaries.

Thierry Déau founded Meridiam in 2005 with the support of the Crédit Agricole group. He is currently Meridiam’s Chairman and Chief Executive Officer, as well as its main shareholder, along with several members of the team.

Gael Giraud, Chief Economist, Agence Francaise de Developpement

Gaël Giraud is a French economist, specialized in general equilibrium theory, game theory, finance and energy issues. He is Chief Economist at the Agence Française de Développement, affiliated with University of Paris 1-Sorbonne Economic Center (CES) and associated researcher at Paris School of Economics (PSE). He is also member of the Scientific Committee of the “Laboratoire d'Excellence” devoted to financial regulation (LabEx ReFi) and member of the Steering Committee on the Energy Shift within the French government and of the Research team “Riskergy" (M. Lepetit) on Energy resilience and sovereign debt.

He holds the chair “Energy and prosperity” supported by Ecole polytechnique, Paris Sorbonne university and Louis Bachelier’s Institute. He is also a member of the European NGO Finance Watch, the Nicolas Hulot Foundation. A former fellow of Ecole Normale Supérieure in Paris, of ENSAE (Ecole Nationale de la Statistique et de l’Administration Economique) and of CORE (Center of Operations Research, Louvain-la-Neuve, Belgium), he earned his Ph.D. at the Laboratoire d’Econométrie de l’Ecole Polytechnique in 1998. In 2009, he was nominated as Best French young economist by Le Monde/Le Cercle des économistes.

Frederic Samama, Deputy Global Head of Institutional and Sovereign Clients, Amundi

Amundi – Deputy Global Head of Institutional & Sovereign Clients and founder of SWF RI

Frédéric Samama, Deputy Global Head of Institutional Clients, joined Amundi in 2009. He is the founder of the SWF Research Initiative. Formerly, he oversaw Corporate Equity Derivatives within Credit Agricole Corporate Investment Banking in New York and Paris. During his tenure, he developed and implemented the first international leveraged employee share purchase program, a technology now widely used among French companies. He has advised the French Government in different areas (employee investing mechanisms, market regulation, climate finance, etc.) and has a long track record of innovation at the crossroads of finance and government policy. Over the past few years, his action has been focused on climate change with a mix of financial innovation, research and policy making recommendations. He is a graduate of the Stanford Executive Program and holds a diploma from Neomia Business School.

Ambroise Fayolle, Vice President, European Investment Bank

Vice-President, European Investment Bank

Ambroise Fayolle was appointed Vice-President of the European Investment Bank in February 2015. He is currently in charge of the operational activities of the Bank in France, Germany, Austria, South Africa, and, for ACP/OCT mandates, West Africa and Pacific Islands. He is also responsible for EFSI, innovation, the EIB Economic Department, Development policy and is Board member of the European Investment Fund.

Ambroise Fayolle, represented France at the Executive Boards of the International Monetary Fund (IMF) and of the World Bank, in Washington DC from September 2007 until his appointment as head of Agence France Tresor, the Debt Agency of the French Ministry of Finance, in March 2013. He was also a staff member of the IMF between 2003 and 2005. A graduate of the Ecole Nationale d’Administration (ENA), most of his career was spent at the Treasury Department in the Ministry of the Economy and Finance. In particular, he was division chief in charge of the State Financing and Monetary Affairs Bureau — the predecessor to AFT— and, in 2005, was appointed assistant secretary for Multilateral and Development affairs at the French Treasury, Sous-Sherpa for the G8, and Co-Chairman of the Paris Club.

Closing Remarks