Emanuele Campiglio

Emanuele Campiglio is Associate Professor at the University of Bologna. He is also Visiting Fellow at the London School of Economics and Political Science (LSE) and Affiliated Scientist at the RFF-CMCC European Institute on Economics and the Environment (EIEE). Previously, he was Assistant Professor at the Vienna University of Economics and Business (WU).

The aim of his research is to study the dynamic links between macro-financial systems, climate change and the transition to a low-carbon society; and to contribute to the design of policies directed at achieving a rapid and smooth decarbonisation.

He is the recipient of a 5-year European Research Council (ERC) Starting Grant for the project SMOOTH (Sustainable finance for a smooth low-carbon transition).

Research interests:

• Macroeconomics of sustainability
• Climate economics and finance
• Growth theory and resource dynamics
• Finance, credit and banking
• Political economy of sustainability transitions

Publications

Work in progress

• ‘Optimal climate policy in the face of tipping points and asset stranding’ (with S. Dietz and F. Venmans); NBB working paper n.393
• 'Capital stranding cascades: The impact of decarbonisation on productive asset utilisation' (with L.Cahen-Fourot, A.Godin, E. Kemp-Benedict and S. Trsek); AfD working paper n.204; Best Paper
• Award of the European Society for Ecological Economics (ESEE); Best Paper Prize for Research on Climate Finance (GRASFI)
• ‘It takes two to dance: Institutional frameworks and climate-related financial policies (with M. Baer and J. Deyris); GRI LSE working paper n.356
• ‘Heterogeneous expectations and capital investment choices’ (with L. Cahen-Fourot, L. Daumas, M.Miess, A. Yardley)
• ‘A conceptual framework for cross-border impacts of climate change’ (with T. Carter, M. Benzie, H.Carlsen, S. Fronzek, M. Hildén, C.P.O. Reyer C. West)
• 'Climate financial bubbles: How market sentiments shape the transition to low-carbon capital stock' (with A. Godin and E. Kemp-Benedict)

Journal articles

• G. Semieniuk, E. Campiglio, J.F. Mercure, U. Volz and N. Edwards (2021) ‘Low-carbon transition risks for finance’, Wires Climate Change, 12(1).
• Fourot, L., Campiglio, E., Dawkins, E., Godin, A. and Kemp-Benedict E. (2020) 'Looking for the inverted pyramid: An application using input-output networks', Ecological Economics, 169.
• Campiglio, E., Dafermos, Y., Monnin, P., Ryan-Collins, J., Schotten, G. and Tanaka, M. (2018) ‘Climate change challenges for central banks and financial regulators’, Nature Climate Change, 8, 462-468.
• Bowen, A., Campiglio, E., and Herreras Martinez, S. (2017) ‘An equal effort approach to assessing the North-South climate finance gap’, Climate Policy, 17(2), 231-245.
• Campiglio, E. (2016) ‘Beyond carbon pricing: The role of banking and monetary policies in financing the transition to a low-carbon economy’, Ecological Economics, 122, 220-230.
• Tavoni, M., Kriegler, E., Riahi, K., van Vuuren, D.P., Aboumahboub, T., Bowen, A., Calvin, K., Campiglio, E., Kober, T., Jewell, J., Luderer, G., Marangoni, G., McCollum, D., van Sluisveld, M., Zimmer, A., and van der Zwaan, B. (2015) ‘Post-2020 climate agreements in the major economies assessed in the light of global models’, Nature Climate Change, 5(2), 119-126.
• Campiglio, E. (2014) ‘The structural shift to green services: A two-sector growth model with public capital and open-access resources’, Structural Change and Economic Dynamics, 30, 148-161.
• Bowen, A., Campiglio, E., and Tavoni, M. (2014), 'A macroeconomic perspective on climate change mitigation: Meeting the financing challenge', Climate Change Economics, 5(1).
• Bernardo, G., and Campiglio, E. (2014), 'A simple model of income, aggregate demand and the process of credit creation by private banks', Empirica, 41(3), 381-405.
• Bonatti, L., and Campiglio, E. (2013) ‘How can transportation policies affect growth? A theoretical analysis of the long-term effects of alternative mobility systems’, Economic Modelling, 31, 528-540.

Book chapters

• Campiglio, E. (2019) ‘Financial regulators and sustainable development’, in Chiappero, E. (Ed.) The rules of Utopia, Fondazione Giangiacomo Feltrinelli, Milano, pp. 109-125
• Campiglio, E., Cahen-Fourot, L. and Monasterolo, I. (2018) ‘Finance and sustainability’ in Lutter, S., Luks, F., Stagl, S. (Eds.), Towards a Socio-Ecological Transformation of the Economy, Background Report for “Growth in Transition”, Vienna, 49-59.
• Campiglio, E., Godin, A., Kemp-Benedict, E. and Matikainen, S. (2017) ‘The tightening links between financial systems and environmental issues’ in Arestis, P., and Sawyer, M. Economic Policies since the Global Financial Crisis. Palgrave Macmillan, London, 313-356.

Books

• Campiglio, E. (2013) Green Economy (Original title: Sai cos’è la green economy?), 50pp., Bruno Mondadori, Milano.
• Campiglio, E. (2012) The good economy (Original title: L’economia buona), 172 pp., Bruno Mondadori, Milano.
• Campiglio, E. (2010) With the world on shoulders: Global issues and limits to growth (Original title: Con il mondo sulle spalle. Questioni globali e limiti alla crescita), 180 pp., OMP Editore, Pavia.