Ukraine/Russia: The Energy Factor
Professor of Finance and Executive Director of the Société Générale Energy & Finance Chair at HEC Paris, Jean-Michel Gauthier spoke to us on March 3, one week after Russia invaded Ukraine. Jean-Michel is a veteran of the energy business. After a start in the oil and gas industry, he moved to the energy consulting for 16 years as a partner at Deloitte. In parallel, he joined HEC Paris’ finance department in 2006. The school campus is where we discuss the dramatic events developing in Ukraine. Jean-Michel focuses on a key factor behind the conflict: the question of energy. Not just the pipelines that bring Europe 40% of its natural gas and much of its oil – but also the knock-on effects on all energy sources that prop up our global economy. He helps us understand what role energy is playing in this ongoing conflict and where these upheavals could lead the entire planet.
What’s the Best Way for Governments to Support Renewable Energy?
Though nations agree that they must speed the creation and use of renewable energy solutions in order to avert climate disaster, there is less consensus on what government policies would most effectively serve this end. New research offers insight into the best use of public investment.
Can the COVID-19 Crisis Move Forward the Energy Transition?
Is the COVID-19 pandemic an opportunity for us to rethink our current energy system? Jean-Michel Gauthier, professor and Executive Director of the Energy & Finance Chair at HEC Paris, explains the global consequences of the coronavirus and paints a picture of the future of the Energy Transition right here at the heart of the European Union.
Optimizing Feed-In Tariffs to Boost Renewable Energy Production
Feed-in tariffs (FITs) are crucial tools to increase the adoption of renewable energy technologies. But setting them at the right level (price) is a balancing act. If they are poorly designed, they can backfire, stunting the industry and wasting public money. A duo of HEC researchers, along with a colleague from the University of Texas at Austin, have shown that, to set optimal FIT levels, regulators must take into account the behaviours all players affected, including technology manufacturers.
How will the attack on Saudi Aramco impact the global oil industry?
The recent attacks on oil facilities in Abqaiq and Khurais took about 5% of the global oil supply and about 70% of the Saudi export potential, out of the market. Why did the attacks fail to affect the global oil industry? Jean-Michel Gauthier, Professor at HEC Paris and Executive Director of the Energy & Finance Chair, shares his views.
The Rise of Rankings in Global Governance: How Can They Change the Regulation of Large Corporations?
Ratings and rankings have become powerful tools in global governance, frequently used to motivate companies to be good corporate citizens. A wide range of environmental and social matters such as access to medicine, climate change, obesity and working conditions increasingly transcend national borders and escape the reach of national regulators. For such issues, who should set the rules about the responsibilities of corporations? How can corporations that are by definition designed to generate profit, be guided towards making decisions that benefit society as a whole? Afshin Mehrpouya and Rita Samiolo explore the process behind the production of these rankings.
How Experimentations Help Innovation Ecosystems Emerge: the Case of the Hydrogen Energy
Major advances in complex technologies require the cooperation of a broad range of parties – a whole business ecosystem. Professors Sihem Ben Mahmoud-Jouini (HEC Paris) and Florence Charue-Duboc (Ecole Polytechnique Paris) studied the case of the nascent hydrogen energy ecosystem to investigate how experimentation contribute to the emergence and consolidation of the ecosystem itself, and the characteristics of such experimentation.
Jean-Michel Gauthier: From the Oil Industry to the Energy Transition
Jean-Michel Gauthier began his career in the oil industry before switching to consulting. Having spent a total of 30 years in international energy, he now shares his expertise by training leaders from all sectors in energy-transition issues. Jean-Michel is affiliate professor in the finance department at HEC Paris, where he holds the Energy & Finance Chair sponsored by Société Générale.
Reinventing Business Education
Editorial by Marc Vanhuele, Professor of Marketing and Associate Dean. We live in a world of constant transformation. The role of research and education at a business school like HEC is to constantly innovate in order to give our students the knowledge, skills and mindset to live and work in a world with opportunities and challenges that may already have shifted by the time they graduate.
The Problem With Renewable Energy Incentives? Some of Them May not Incentivise Renewables…
Sam Aflaki and Serguei Netessine’s new research uncovers a problem with renewable energy incentive policies, such as feed-in tariffs and carbon taxes. Renewables like wind and solar power often depend on carbon costly backups which stunt investment rewards.