Campiglio Lab

University of Bologna

Nord-Est (ITH) · Italy

ERC-funded
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Research focus

ERC Consolidator Grant · 2024

Climate-related Beliefs and Low-Carbon Transition Dynamics

The transition to a low-carbon society, as mandated by the Paris Agreement and recent net-zero targets, requires a significant expansion and reallocation of physical investments. Investment choices crucially depend on firms’ expectations and beliefs. However, profound knowledge gaps exist regarding transition-related expectations: current modelling frameworks lack the capability to fully assess their impact on transition dynamics; empirical evidence on their distribution is scarce; and there is limited comprehension of their evolution drivers and how to align them effectively with climate targets. Misalignment of expectations can lead to failed or disorderly decarbonisation pathways. The…

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