Transitions RESEARCH AXES: FOUR MAJOR SOCIETAL TRANSITIONS Digital transition Research in this area is designed to meet the challenges of digital transformation. First of all, it provides new mathematical and statistical approaches capable of analyzing information in a context where the sheer volume of data to handle initially seemed daunting. More generally, this focus area addresses the various economic issues generated by the democratization of new technologies. Environmental transition The goal here is to advance and promote the analysis and evaluation of existing and future public policy and economic instruments in the area of climate change. Special emphasis is placed on using quantitative approaches and industrial economics to tackle environmental issues: climate economics, carbon and energy, exhaustible resources, and climate risk insurance in the agricultural, industrial andhousing sectors. Demographic transition This focus area seeks to develop new public and private solutions for covering emerging risks pertaining to longevity, dependency, and health. It also aims to further our understanding of the impact these changes have on economic determinants: growth, productivity, financial markets, the accumulation strategy of human capital, etc. Programs contribute to defining new social insurance channels and products, both public and private. Financial transition Research in this area aims to support transformation in the banking and financial industries from the standpoint of stability and sustainability. Research programs, publications and events have focused on topics such as: responsible finance, sustainable development, financial regulation and stability, financial risk, finance and behavioral economics, and innovation-based growth.