The depth of understanding of the financial effects of climate risk is still at initial stages, as evidence from national geographic reports also proves that despite the continuous efforts by governments in making climate change their number one political agenda, with 196 countries being signatories of the 2015 Paris agreement global carbon emissions raised from 1.7% in 2017 to 2.7% in 2018, with a further estimate predicting 2019 to have the highest rate of increase on record. The aim of this research is to examine the impact of climate change on the financial stability of the economies of countries across the world and the role of financial markets and financial institutions in addressing it, and to make recommendations on how countries can transition to a low-carbon economy to address the current climate crisis. This will be achieved using the Macro level data of the world bank and Eurostats data of selected countries across the world such as high emission countries like China and United States who account for 40% of the world’s emission, the United Kingdom which has reduced its emissions by 44% between 1990 to 2018 and other selected countries such the EU, Indian, Russia, Japan, Saudi Arabia, Canada, South Korea, Brazil, South Africa and Ghana. This project will shed lights and provide several important outcomes by outlining pragmatic measures and solutions to economic managers, financial markets and financial institutions on how to stabilize their finances in the mist of current climatic crisis.
The research will develop the researcher in: (a) quantitative and qualitative methods of empirical data collection and examination (b) planning and implementing a research project (c) Sampling principles (d) Presentation and data analysis skills including use of complex econometric methodologies like progressive panel data techniques and methods of statistical analysis (e) Disclosing of research findings, including academic writing and the preparation of manuscripts for publications and PhD Dissertation (f) Collaborative and interpersonal skills, including presentations of research findings. This will help the student gain adequate experience by working as a member of a research team. Student will be trained in different areas by the research supervisory team made available by the BU postgraduate training opportunities.
How to apply:
Applications are made via our website using the Apply Online button below. If you have an enquiry about this project please contact us via the Email NOW button below, however your application will only be processed once you have submitted an application form as opposed to emailing your CV to us.
Candidates for a PhD Studentship should demonstrate outstanding qualities and be motivated to complete a PhD in 4 years and must demonstrate:
• Outstanding academic potential as measured normally by either a 1st class honours degree (or equivalent Grade Point Average (GPA) or a Master’s degree with distinction or equivalent • An IELTS (Academic) score of 6.5 minimum (with a minimum 6.0 in each component, or equivalent) for candidates for whom English is not their first language and this must be evidenced at point of application.
Additional eligibility criteria: • Knowledge of panel data econometrics is essential
Funded candidates will receive a maintenance grant of £15,225 per year to contribute towards living expenses during the course of your research, as well as a fee waiver for 36 months.