Emanuele Campiglio is Associate Professor at the University of Bologna and Scientist at the RFF-CMCC European Institute on Economics and the Environment. He is the recipient of a 5-year ERC Starting Grant (SMOOTH).


Emanuele holds a B.Sc. in Economics from Bocconi University, a M.Sc. in Cooperation and International Economic Integration and a Ph.D. in Economics from the University of Pavia. He worked as macroeconomic modeller at the New Economics Foundation (2010-2012); as a Post-Doctoral Researcher at the LSE Grantham Research Institute (2012-2014); as a LSE Fellow at the Department of Geography and Environment (2014-2016); and as Assistant Professor at the Vienna University of Economics and Business (2016-2020).

Research Interests

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


Research - 2023

Research - 2022

How best to make the transition from a high- to low-carbon economy remains open for debate, involving complex dynamics that go beyond basic models of emissions abatement. It is these dynamics that the authors aim to analyse with the model they develop in this paper, showing that it is optimal to repurpose and strand a substantial amount of capital. Read more

Research - 2021

Research - 2018

Research - 2015

This study employs a number of Integrated Assessment Models to determine what the optimal financial transfers between high-income and developing economies would be if climate mitigation effort, measured as mitigation costs as a share of gross domestic product, were to be divided equally across regions through a global carbon market. Read more

Research - 2014

Building on simulations using Integrated Assessment Models and historical evidence, this paper explores some of the issues posed by this dual financing challenge. We discuss the "fiscal self-reliance" of the energy sector, finding that carbon pricing would generate sufficient fiscal revenues within each region to finance total investment in energy supply. Read more

Research - 2013

Research - 2012


Policy - 2017


Events - 2022

Events - 2019


News - 2016

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