Centre for Sustainable Finance
The SOAS Centre for Sustainable Finance aims to advance the transition to an equitable, low-carbon economy by providing a forum for interdisciplinary research and teaching on sustainable finance and investment.
Located in the SOAS Department of Economics, it seeks to enhance the knowledge and understanding of sustainable finance in both the Global North and South and act as a focal point for policy debates in this area. The centre’s research and policy work addresses pressing issues including:
- green financial governance
- the impact of climate risks on public and corporate finances
- the scaling up of low-carbon and resilient investment in vulnerable countries
- climate risk insurance
- mobilising financing for the Sustainable Development Goals
- inclusive green finance
- low-carbon innovation policy and renewable energy investments
- the role of public financial institutions in advancing the green transition
Researchers at the SOAS Centre for Sustainable Finance are working with national and international partners, with funding from different institutions, including the UK’s Natural Environment Research Council, the Economic and Social Research Council, the Foreign, Commonwealth and Development Office (FCDO), the United Nations Environmental Programme, the MAVA Foundation, the ClimateWorks Foundation, the European Climate Foundation, the Alliance for Financial Inclusion, and the World Resources Institute.
The centre is runs an annual ‘Summer School on Sustainable Finance and Climate Change’ and a master’s course on ‘Green Finance’. Centre staff have convened major capacity building and executive training programmes in sustainable finance and climate risk for numerous central banks and commercial financial institutions. Centre staff have also convened courses in climate negotiations, and climate and sustainable finance for the UK FCDO and the UK Cabinet Office.
Researchers at the SOAS Centre for Sustainable Finance are working with national and
international partners on a range of topics, with funding from different institutions.
The centre’s research is built around five research areas:
- Low-carbon innovation policy and renewable energy investments
- Role of central banks and financial governance in addressing climate and
environmental risks and greening the financial system
- Climate vulnerability and the cost of capital
- Investing in resilience
- The role of public financial institutions in financing the green transformation
Global research alliance
The centre is part of the Global Research Alliance for Sustainable Finance and Investment, a network of leading research universities, as well as the International Network for Sustainable Financial Policy Insights, Research, and Exchange, a global research network that feeds into the work of the Network of Central Banks and Financial Supervisors for Greening the Financial System.
It is also a knowledge partner of the Green Growth Knowledge Partnership and the Asia Sustainable Finance Initiative, and host to the Sustainable Finance Data Initiative, an innovative new venture gathering data on inflows and outflows of climate and sustainable finance in developing and transition economies.
- Social media
Financing the management of short-lived climate pollutants
Developing a financial mechanism for the end-of-life management of hydrofluorocarbons (HFCs) and ozone-depleting substances (ODS).
Climate change and central bank asset purchases
As part of their corporate quantitative easing (QE) programmes, the Bank of England (BoE) and the European Central Bank (ECB) have purchased a large amount of corporate bonds issued by companies with a high climate footprint.
Economic valuation of climate adaptation and resilience-building
Investigating the costs and full benefits of climate adaptation interventions and quantifying the triple dividend of resilience (TDR).
Financial risk and the impact of climate change
Developing a robust characterisation, quantification and communication of climate-related transition risks.
Sovereign risk and climate change
Investigating how climate risk impacts upon sovereign credit risk and debt sustainability, and assessing the implications from a financial regulation and central banking perspective.
Greening the Eurosystem collateral framework
Investigating how the Eurosystem collateral could become greener, as well as what implications this would have for credit conditions and investment in the Eurozone.
European central banking and achieving EU climate-neutrality 2050
A study on the alignment of European central banking and prudential supervision with the objective of achieving climate-neutrality in the European Union by 2050.
Climate change and the cost of capital in developing countries
Investigating the relationship between climate vulnerability, sovereign credit profiles, and the cost of capital in developing countries.
Environmental, social and governance improvement for Chinese overseas investment
Evaluating, understanding, and managing environmental, social and governance risks in Chinese overseas infrastructure projects.
Early retirement of coal-fired power plants
Reviewing global, regional and national initiatives for facilitating the early retirement of coal-fired power plants.
Sustainable crisis responses
Mapping the fast-moving landscape of COVID-19 crisis responses and identifying what next steps might help to build a sustainable and resilient economy.