Research

CETEx conducts research, analysis and policy development across two intersecting policy areas – monetary and financial markets and fiscal and economic policy – and a set of foundational topics.

CETEx’s research is designed to support the systems change required within individual jurisdictions, to be carried out by actors including domestic regulators, central banks, governments and state-owned banks, and within international institutions such as standard-setters and multilateral development banks, to accelerate the global economic transition to net zero.

CETEx is primarily a European centre with a major focus on the EU, UK and other European states. However, we also consider international best practice in financial policy on environmental degradation and the transition, and the key role of emerging market and developing economies (EMDEs) in renewable energy and technology supply chains.

Introducing our primary work programmes

• Monetary and financial markets: covers central banking and financial supervision, focusing on the monetary, prudential and ‘developmental’ policy implications of environmental degradation and climate change and the transition to a sustainable and resilient economy.
• Fiscal and economic policy: covers the role of fiscal and domestic economic policy as a central mechanism for funding the transition to low-carbon and resilient economies, along with international capital flows, multilateral development banks, policies and regulation.
• Nature: focuses on the economic and financial implications of nature degradation, including biodiversity loss, soil and water degradation, and ocean decline. It builds the evidence base to demonstrate the relevance of ecosystem loss for the economy and financial system and examines how nature-related considerations can be integrated into core policy frameworks.
• Critical minerals and green value chains: covers the geopolitical, macroeconomic and fiscal dimensions of critical mineral supply chains, focusing on supply concentration, trade fragmentation and economic development across the energy transition. The work spans advanced economies and emerging markets, with focused engagement across the G7, India, ASEAN and Latin America.
• Blended Finance Lab: develops solutions to scale up blended finance and mobilise private capital for climate action and sustainable development, particularly in emerging markets and developing economies (EMDEs). Working through targeted stakeholder workstreams, it addresses institutional, market, and policy constraints, strengthens the evidence base on risk and investment performance, and supports more effective policy and market practice.
• Foundational topics: covers the foundational research and policy challenges that underpin our other focus areas, including macroeconomic dimensions relating to growth, inflation and employment dynamics, transition pathway questions, and the political economy dimensions of the transition.