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Full Professor
Department of Economics

Personal page

Courses a.y. 2019/2020


Courses previous a.y.

Biographical note

I was born in 1973 in Italy. I have a bachelor degree in environmental sciences and a MSc in environmental and natural resources economics (University College London). My PhD is in computational mathematics and operation research ((Università degli Studi di Milano).

In 2008/2009 I was visiting fellow at Princeton Environmental Institute.

During 2014/2015 I was a Fellow at CASBS, Stanford

I have three amazing sons, Pietro Elio and Matteo

Academic CV

I am full professor at Bocconi University teaching environmental and climate change economics. I am a  senior scientist at the RFF CMCC European Institute on Economics and the Environment. I collaborated with Fondazione Enrico Mattei from 2003 to 2018 and I collaborate with the Euro-Mediterranean Center on Climate Change.

I was one of the lead authors of the 5th AR IPCC (2014) and I will be a lead author in the AR6.

I was PI of a ERC Starting Grant on Innovation and clean technologies (ICARUS). I am currently PI of a ERC Starting Grant on Uncertainty and Climate Change (RISICO).

I was president of the Italian Association of Environmental and Resource Economics (IAERE) and council member of the European one (EAERE).

Research areas

Natural Resources and Environmental Economics, Climate Change Economics. Innovation in Green Technologies.

ERC Grant: RISICO “RISk and uncertainty in developing and Implementing Climate change pOlicies ”

ERC Grant: Innovation for Climate chAnge mitigation: a study of energy R&d, its Uncertain effectiveness and Spillovers,



Loic Berger and Valentina Bosetti, 2019, Are policymakers ambiguity averse?, The Economic Journal Accepted

David McCollum, et al. (2018) “Energy investment needs for fulfilling the Paris Agreement and achieving the Sustainable Development Goals" forthcoming Nature Energy

Mariësse A.E. van Sluisveld, Mathijs J.H.M. Harmsen, Detlef P. van Vuuren, Valentina Bosetti, Charlie Wilson, Bob van der Zwaan, (2018) Comparing future patterns of energy system change in 2°C scenarios to expert projections, Global Environmental Change 50 (2018) 201–211

Gillingham, K. W. D. Nordhaus, D. Anthoff, V. Bosetti, G. Blanford, P. Christensen, H. McJeon, J. Reilly, P. Sztorc (2018),  Modeling Uncertainty in the Integrated Assessment of Climate Change: A Multi-Model Comparison, JAERE forthcoming

Verdolini, E., L. D. Anadón, E. Baker, V. Bosetti, L. A. Reis, (2018), 'The Future Prospects of Energy Technologies: Insights from Expert Elicitations', REEP Forthcoming

Rao, N., van Ruijven, B., Riahi, K, and Bosetti, V., (2017), Improving poverty and inequality modeling in climate research, Nature Climate Change, 7,  pages857–862 (2017) doi:10.1038/s41558-017-0004-x

Cattaneo, Cristina and Valentina Bosetti (2017) Climate-induced International Migration and Conflicts, CESifo Economic Studies, ifx010, Published:08 September 2017

Diaz Anadon, L., E. Baker, V. Bosetti (2017) Integrating uncertainty into public energy research and development decisions, Nature Energy 2, 17071  | DOI: 10.1038/nenergy.2017.71 |

Adler, M, D Anthoff, V Bosetti, G Garner, K Keller, and N Treich, (2017), Priority For The Worse Off And The Social Cost Of Carbon, Nature Climate Change, DOI: 10.1038/nclimate3298

Matthew R. Sisco, Valentina Bosetti, Elke U. Weber (2017), When do extreme weather events generate attention to climate change?, forthcoming Climatic Change, DOI: 10.1007/s10584-017-1984-2

Bosetti, V., E. Weber, L. Berger, D. Budescu, N. Liu, M. Tavoni (2017) COP21 Climate Negotiators’ Responses to Climate Model Forecasts, Nature Climate Change, 7, 185-189, DOI: 10.1038/NCLIMATE3208

Ajay Gambhir, Laurent Drouet , David McCollum, Tamaryn Napp, Dan Bernie, Adam Hawkes , Oliver Fricko, Petr Havlik, Keywan Riahi, Valentina Bosetti and Jason Lowe,  (2017) Assessing the Feasibility of Global Long-Term Temperature Change  Mitigation Scenarios, Energies, 10, 89

Marangoni, G. M. Tavoni, V. Bosetti, E. Borgonovo, et al. (2017) Sensitivity of projected long-term CO2 emissions across the Shared Socio-economic Pathways, Nature Climate Change, 7, 113–117

Bosetti, V., M. Heugues, A. Tavoni, (2017) Luring others into climate action: Coalition formation games with threshold and spillover effects, Oxford Economic Paper, 69(2), 2017, 410–431

Verdolini, E. and Bosetti V., (2017) Environmental Policy and the International Diffusion of Cleaner Technologies for Power, Environmental and Resource Economics, March 2017, Volume 66, Issue 3, pp 497–536

Keywan Riahi, et al. (2017) The Shared Socioeconomic Pathways and their Energy, Land Use, and Greenhouse Gas Emissions Implications: An Overview, Global Environmental Change, Volume 42 , Pages 153–168

Bosetti, V., E. Baker, L. Diaz Anadon, L. Aleluia Reis (2016) Expert views - and disagreements - about the potential of energy technology R&D, Climatic Change, 136:677–691

Bosetti, V. (2015) The role of renewables in the pathway towards decarbonisation, in “Towards a Workable and Effective Climate Regime”, eds. Scott Barrett, Carlo Carraro and Jaime de Melo, CEPR Press ISBN: 978-1-907142-95-6

Drouet, L., V. Bosetti, M. Tavoni (2015), Selection of climate policies under the uncertainties outlined in IPCC AR5, Nature Climate Change, forthcoming

Bosetti, V., C. Cattaneo, E. Verdolini  (2015), Migration of Skilled Workers and Innovation: A European Perspective, Journal of International Economics, Forthcoming

E. Baker, V. Bosetti, L. Diaz Anadon, 2015, Editorial Special issue on Defining robust energy R&D portfolios, Energy Policy, 80, 215-218

Lessmann, K., U. Kornek, V. Bosetti, et al., 2015, The stability and effectiveness of climate coalitions: A comparative analysis of multiple integrated assessment models, Environmental and Resource Economics, DOI 10.1007/s10640-015-9886-0.

V. Bosetti, G.Marangoni, E. Borgonovo, L. Diaz Anadon, R. Barron, H. McJeon, S. Politis, P. Friley, 2015, “Sensitivity to Energy Technology Costs: A Multi-model comparison analysis” Energy Policy, Volume 80, May 2015, Pages 244-263

E.  Baker, V. Bosetti, L. Diaz Anadon, M. Henrion, L. Aleluia Reis, 2015, Future Costs of Key Low-Carbon Energy Technologies: Harmonization and Aggregation of Energy Technology Expert Elicitation Data” Energy Policy, Volume 80, May 2015, Pages 219-232

Athanassoglou, Stergios, and Valentina Bosetti. (2014) “Setting Environmental Policy When Experts Disagree.” Environmental and Resource Economics, 1–20. doi:10.1007/s10640-014-9804-x.

Valentina Bosetti and Michela Catenacci, (eds) (2014), “Innovation under Uncertainty: The Future of Carbon-Free Energy Technologies” Edward Elgar, Series on Economics, the Environment and Sustainable Development, 2014 224 pp Hardback 978 1 78254 646 7, ebook isbn 978 1 78254 647 4

Bosetti, V. Carlo Carraro, Emanuele Massetti and Massimo Tavoni, 2014, “Climate Change Mitigation, Technological Innovation and Adaptation” Edward Elgar, Series on Economics, the Environment and Sustainable Development, 2014 224 pp Hardback 978 1 84980 949 8

Bosetti, V., J. Frankel (2014) “Sustainable Cooperation In Global Climate Policy: Specific Formulas And Emission Targets” Climate Change Economics, Vol. 5, No. 3.

Riahi, Keywan, Elmar Kriegler, Nils Johnson, Christoph Bertram, Michel den Elzen, Jiyong Eom, Michiel Schaeffer, Jae Edmonds, Morna Isaac, and Volker Krey. “Locked into Copenhagen Pledges—Implications of Short-term Emission Targets for the Cost and Feasibility of Long-term Climate Goals.” Technological Forecasting and Social Change (2013).

Nico Bauer, Valentina Bosetti, Meriem Hamdi-Cherif, Alban Kitous, David McCollum, Aurélie Méjean, Shilpa Rao, Hal Turton, Leonidas Paroussos, Shuichi Ashina, Katherine Calvin, Kenichi Wada, Detlef van Vuuren, (2013) CO2 emission mitigation and fossil fuel markets: Dynamic and international aspects of climate policies, Technological Forecasting and Social Change, Available online 3 December 2013, ISSN 0040-1625

E. Kriegler, et al., Making or breaking climate targets: The AMPERE study on staged accession scenarios for climate policy, Technological Forecasting and Social Change (2013),

E. Kriegler, et al., Diagnostic indicators for integrated assessment models of climate policy, Technological Forecasting and Social Change (2013),

Fiorese, G., Catenacci, M., Bosetti, V., Verdolini, E, (2013), The power of biomass: experts disclose the potential for success of bioenergy technologies, Energy Policy, Volume 65, February 2014, Pages 94–114.

Catenacci, M., Fiorese, G., Verdolini. E., Bosetti, V., (2013), Going Electric: Expert Survey on the Future of Battery Technologies for Electric Vehicles, Energy Policy 61, 403–413

Bosetti V., T. Longden (2013), “Light Duty Vehicle Transportation and Global Climate Policy: the Importance of Electric Drive Vehicles," Energy policy, 58, 209–219

Bosetti V., E. De Cian (2013), “A good opening: the key to make the most of unilateral climate action," Environmental and Resource Economics Volume 56, Issue 2, pp 255-276

Fiorese, G., M. Catenacci, E. Verdolini  and V. Bosetti, (2013), Advanced Biofuels: Future Perspectives from an Expert Elicitation Survey, Energy Policy Volume 56, May 2013, Pages 293–311

Bosetti, V., C. Carraro , E. De Cian, E. Massetti, M.Tavoni  (2013), Incentives and Stability of International Climate Coalitions: An Integrated Assessment, Energy Policy, Volume 55, April 2013, Pages 44–56

Anadon, L. V. Bosetti, M. Bunn, M. Catenacci, and A. Lee “Expert Judgments about RD&D and the Future of Nuclear Energy” Environ. Sci. Technol., Just Accepted Publication Date (Web): September 24, 2012 (Policy Analysis)

Bosetti, V., M.Catenacci, G. Fiorese, E. Verdolini  (2012), The Future Prospect of PV and CSP Solar Technologies: An Expert Elicitation Survey, Energy Policy Volume 49, October 2012, Pages 308–317

Bosetti, V., Palstev, S. Reilly, J. C. Carraro (2012) Emissions Pricing to Stabilize Global Climate", in Fiscal Policy To Mitigate Climate Change: A Guide For Policymakers, Ruud de Mooij, Ian W.H. Parry, and Michael Keen (eds.), International Monetary Fund

Enrica De Cian, Valentina Bosetti & Massimo Tavoni (2011), Technology innovation and diffusion in “less than ideal” climate policies: An assessment with the WITCH model, Climatic Change. Volume 114 Number 1

Gunnar Luderer, Valentina Bosetti, Michael Jakob, Marian Leimbach, Jan C. Steckel, Henri Waisman & Ottmar Edenhofer (2011), The economics of decarbonizing the energy system—results and insights from the RECIPE model intercomparison , Climatic Change. Volume 114 Number 1

Bosetti, V., and S. K. Rose (2011) Reducing carbon emissions from deforestation and forest degradation: issues for policy design and implementation. Environment and Development Economics, Environment and Development Economics, 02/2011, Vol. 16, Special Issue 4, doi:10.1017/S1355770X11000143

Bosetti, V., C. Carraro, M. Tavoni (2011) “A Timing of Mitigation and Technology Availability in Achieving a Low-Carbon World” Environmental and Resource Economics March 2012, Volume 51, Issue 3, pp 353-369

Bosetti, V and J. Frankel ( 2011) “Politically Feasible Emission Target Formulas to Attain 460 ppm CO2 Concentrations “ Rev Environ Econ Policy (Winter 2012) 6(1): 86-109 first published online December 14, 2011 doi:10.1093/reep/rer022

Bosetti, V. et al., (2011). What should we expect from innovation? A model-based assessment of the environmental and mitigation cost implications of climate-related R&D. Energy Economics, 33(6), pagg.1313-1320.

Bosetti, V, R. Lubowski, A. Golub, A Markandya, (2011) “Linking reduced deforestation and a global carbon market: implications for clean energy technology and policy flexibility” Environment and Development Economics, 02/2011, Vol. 16, Special Issue 4, pp 479-505

Bosetti V. (2011). “Which technologies should we pick? A comments on "Technology Interactions for Low Carbon Energy Technologies: What can we learn from a larger number of scenarios" by Haewon Chon, Leon Clarke, Page Kyle, Marshall Wise, Andy Hackbarth, and Robert Lempert” Energy Economics 33 (2011) 632–633

Bosetti V., D. Victor (2011). “Politics and Economics of Second-Best Regulation of Greenhouse Gases: The Importance of Regulatory Credibility” The Energy Journal, Vol. 32, No. 1.

Bosetti V., CARRARO C., Massetti E. Politiche e strategie economiche per il clima, Ecosphera / Vol. 4 : Opportunità ed interdipendenze, Torino, UTET (ISBN 8802083827) (Enciclopedia)

Bosetti, V, R. Lubowski, (eds) (2010), Deforestation and climate Change, London: Edward Elgar Publishing

Bosetti, V., C. Carraro, A. Sgobbi, and M. Tavoni (2010) “Optimal Energy Investment and R&D Strategies to Stabilize Atmospheric Greenhouse Gas Concentrations” ,chapter in Lasry, Lautier, Fessler (eds), The Economics of Sustainable Development, Paris, Economica,

Bosetti, V. (2010) “Technology-Led Climate Policy. Alternative Perspective” chapter  in B. Lomborg eds. Smart Solutions to Climate Change, Cambridge University Press.

Bosetti, V., C. Carraro, A. Sgobbi, and M. Tavoni (2009) "Modelling Economic Impacts of Alternative International Climate Policy Architectures: A Quantitative and Comparative Assessment of Architectures for Agreement", chapter in Aldy, Joseph E. and Robert N. Stavins, eds. Post-Kyoto International Climate Policy. Cambridge, UK: Cambridge University Press, September 2009.

Bosetti, V., C. Carraro, and M. Tavoni (2009) " Innovation and climate mitigation: a policy appraisal", chapter in Juan Delgado, Stephen Gardner, eds. Beyond Copenhagen: A climate policymaker's handbook. Bruegel Books, Belgium, 2009.

Bosetti, V., C. Carraro and M.Tavoni (2009) “A Chinese commitment to commit: can it break the negotiation stall?” Climatic Change Volume 97, Numbers 1-2, 297-303

Bosetti, V and van der Zwaan, B. (2009) “Targets and technologies for climate control. Guest Editorial Special Issue: The Economics of Climate Change: Targets and Technologies”, Climatic Change,  Volume 96, Number 3, 269-273

Bosetti, V., C. Carraro, A. Sgobbi, and M.Tavoni (2009) “Delayed Action and Uncertain Stabilisation Targets.  How Much Will the Delay Cost?", Climatic Change, Volume 96, Number 3, 299-312

Bosetti, V., C. Carraro and M.Tavoni (2009) “Climate Change Mitigation Strategies in Fast-Growing Countries: The Benefits of Early Action.” Energy Economics, Volume 31, Supplement 2, December 2009, Pages S144-S151

Bosetti, V., C. Carraro, E. Massetti, A. Sgobbi and M.Tavoni (2009) "Optimal Energy Investment and R&D Strategies to Stabilise Greenhouse Gas Atmospheric Concentrations", Resource Energy Economics, Volume 31, Issue 2, May 2009, Pages 123-137 doi:10.1016/j.reseneeco.2009.01.001

Bosetti, V., Tavoni,M., Uncertain R&D, backstop technology and GHGs stabilization,  Energy Economics 31 (2009) S18–S26 doi:10.1016/j.eneco.2008.03.002

Bosetti, V., C. Carraro and M.Tavoni (2008) “Climate policy after 2012. Technology, Timing, Participation”, CESifo Economic Studies, Vol. 55, 2/2009, 235–254

Bosetti, V., C. Carraro, E. Massetti (2008) " Banking Permits: Economic Efficiency and Distributional Effects",  Journal of Policy Modeling, Volume 31, Issue 3, May-June 2009, Pages 382-403 doi:10.1016/j.jpolmod.2008.12.005

Bosetti, V. Buchner, B. (2008) “Data Envelopment Analysis of different climate policy scenarios”, Ecological Economics, Volume 68, Issue 5, 15 March 2009, Pages 1340-1354, doi:10.1016/j.ecolecon.2008.09.007

Bosetti, V. C. Carraro, E. Massetti, M. Tavoni. (2008) “International Energy R&D Spillovers And The Economics Of Greenhouse Gas Atmospheric Stabilization”, Energy Economics, 30 (2008) 2912–2929, doi:10.1016/j.eneco.2008.04.008

Bosetti, V., A. Golub, A. Markandya, E. Massetti, M. Tavoni “Abatement Cost Uncertainty and Policy Instrument Selection. A Dynamic Analysis”, Chapter in Golub, A., A. Markandya (eds) (2008), Modelling Environment-Improving Technological Innovations under Uncertainty,  Routledge Publishing.

Bosetti, V. R. Gerlagh, and S. Schleicher (eds) (2008), Modeling Transitions to Sustainable Development, London: Edward Elgar Publishing

Bosetti, V., Galeotti, M. “The impact of technical progress on sustainability policy” chapter in Bosetti, V. R. Gerlagh, and S. Schleicher (eds) (2008), Modeling Transitions to Sustainable Development, London: Edward Elgar Publishing.

Bosetti, V., Lanza, A., Cassinelli, M.,“Benchmarking In Tourism Destination, Keeping In Mind The Sustainable Paradigm” - Part II; 165-180, chapter in Matias, A., Nijkamp, P., Neto, P., (eds). Advances in Modern Tourism Research, Springer-Verlag Publishing (May 2007)

Tavoni, M., Sohngen, B., Bosetti, V. “Forestry and the carbon market response to stabilize climate”, Energy Policy 35 (2007) 5346–5353.

Bosetti, V. and L. Gilotte. (2007) “The impact of Carbon Capture and Storage on Overall Mitigation Policy”, Climate Policy 7  3–12.

Bosetti V., C. Carraro, M. Galeotti, E. Massetti and M. Tavoni, (2006), "WITCH: A World Induced Technical Change Hybrid Model", The Energy Journal, Special Issue. Hybrid Modeling of Energy-Environment Policies: Reconciling Bottom-up and Top-down, 13-38.

Bosetti,V. Galeotti, M., Lanza, A. (2006) “How Consistent are Alternative Short-Term Climate Policies with Long-Term Goals?” Climate Policy, Vol 6 (3), 295-312.

Bosetti V., C. Carraro, M. Galeotti. “The Dynamics of Carbon and Energy Intensity in a Model of Endogenous Technical Change” The Energy Journal, Endogenous Technological Change and the Economics of Atmospheric Stabilisation Special Issue (2006) 93-107.

Bosetti, V., Locatelli, G., 2006. A data envelopment analysis approach to the assessment of natural parks' economic efficiency and sustainability. The case of Italian national parks. Sustainable Development. 14(4), 277 - 286.

Bosetti, V. Messina, E. “Integrating Stochastic Programming and Decision Tree Techniques in Land Conversion Problems” Annals of Operations Research (2006) 142: 245-260

Bosetti, V. Lanza, A. Cassinelli, M. “Using Data Envelopment Analysis to Evaluate Environmentally Conscious Tourism Management” - Chapter 9; 252-268, in: Lanza, A., Markandya, A., Pigliaru, F., (eds). The Economics of Tourism and Sustainable Development, Edward Elgar Publishing (September 2005).

Bosetti, V. Conrad, J., Messina, E.  “The Value of Flexibility: Preservation, Remediation, or Development for Ginostra?”. Environmental Resource Economics (2004) 29: 219-229.

Bosetti, V. Messina, E.  “Uncertainty and Option Value in Land Allocation Problems" Annals of Operations Research (2003) 124: 165-181.

Pearce, D. W. Bosetti, V. “A Study Of Environmental Conflict: The Economic Value Of Grey Seals In South West England" Biodiversity and Conservation (2003) 12 (12): 2361-2392

Bosetti, V. Messina, E., Valente, P. “Optimisation Technologies and Environnemental Applications” IMA Journal of Management Mathematics (2002) 13 (3): 167-185.