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Financing the transition to a low carbon economy consistent with the “well below 2 degrees Celsius” goal set out in the Paris agreement and promoting environmentally sustainable growth are among the major challenges of our time. As part of the process of responding to environmental and climate challenges, there are both opportunities and vulnerabilities for financial institutions and the financial system as a whole.
At the Paris One Planet Summit in December 2017, the Banque de France initiated the Central Banks and Supervisors Network for Greening the Financial System (NGFS). Against this background, further academic research is needed to improve our collective knowledge on the impact of climate-related risks to the financial sector and on the financing of the transition towards a low carbon global economy.
For this reason, the Banque de France has decided to fund a scholarship for young researchers aimed at advancing the frontiers of knowledge. The scholarship will be awarded at the academic conference of the Climate Finance Day to be held at the Banque de France premises on 27 November 2018.
Topics of interest include – but are not limited to – theoretically or empirically relevant work on climate change risks (physical/transition) or opportunities. The work programmes of the three NGFS workstreams provide a basis for identifying relevant topics:
The Young Researcher Scholarship for Green Finance is intended for researchers who already have their Ph.D., who are less than 40 years old on 31 October of the year of the award and who are currently affiliated to a French university.
The scholarship, funded by the Banque de France, consists of a EUR 15,000 grant allocated to a young researcher.
The payments will be made according to the project financing plan.The outcome of the project should include at least one paper suitable for submission to a major peer-reviewed journal, completed in the 12 to 18 months following the award. The laureate commits to present his/her completed paper(s) at a seminar or a conference organised by the Banque de France or the NGFS in the two years following the award, and to acknowledge the Banque de France’s financial support in any subsequent publication of this research.
Applicants should submit a description of their project (about 10 pages, bibliography, annexes and detailed budget included) and their CV.
For more information please check the official web page.
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