Investigating the role of climate change as one of the key drivers of macro-trends in the global financial, economic, and trade systems, and the interaction between them.

Our work

Climate change is a source of major macro-risks for the global financial, economic and trade systems. At the same time, finance, economic development, and international trade and cooperation can, if well governed, offer solutions to alleviate these risks while promoting green and inclusive growth, and expanding decent jobs. We use and advance CGE models and other quantitative methods to quantify the impact of climate and environmental risks on the production sectors, trade, competitiveness and their interdependence with the financial sector. We also study how distortions can be corrected and how trade and trade policies, finance and technological progress could underpin a sustainable transition.