Metal-insulator transition in the ground state of the three-band Hubbard model at half filling

The three-band Hubbard model is a fundamental model for understanding properties of the Copper-Oxygen planes in cuprate superconductors. We use cutting-edge auxiliary-field quantum Monte Carlo (AFQMC) methods to investigate ground state properties of the model in the parent compound. Large supercells combined with twist averaged boundary conditions are studied to reliably reach the thermodynamic limit. Benchmark quality results are obtained on the magnetic correlations and charge gap. A key parameter of this model is the charge-transfer energy $\Delta$ between the Oxygen p and the Copper d orbitals, which appears to vary significantly across different families of cuprates and whose ab initio determination is subtle. We show that the system undergoes a quantum phase transition from an antiferromagnetic insulator to a paramagnetic metal as $\Delta$ is lowered to 3 eV.