CETEx holds inaugural Global Advisory Board meeting during London Climate Action Week

The Centre for Economic Transition Expertise (CETEx) held the inaugural meeting of its Global Advisory Board on 23 June during London Climate Action Week.

Chris Skidmore OBE, Chair of CETEx and its Global Advisory Board, stated:
“I’m delighted to have chaired the inaugural meeting of the CETEx Global Advisory Board, which has brought together a distinguished group of influential thought leaders and policy makers with unparalleled expertise on climate and nature transitions. This collective judgment will help CETEx navigate policy complexities and support policy-making institutions across G20 countries with evidence and sound policy recommendations that underpin ambitious reforms.”

The Global Advisory Board brings together current and former senior officials from central banks, finance ministries, financial regulators and international organisations across the United Kingdom, continental Europe, Asia, and North and South America.

The Board provides independent external perspectives on CETEx’s strategy, policy priorities and impact regarding economic transitions across advanced and emerging market economies.

During the inaugural meeting, members discussed key challenges and opportunities shaping climate and nature transitions globally, including:

International geopolitics and avenues for progress on climate and nature
Members reflected on the increasingly complex geopolitical environment and its implications for climate and nature policy. While noting challenges across a range of international fora, they also highlighted opportunities for progress through coalitions of the willing, regional cooperation, and institution-specific leadership.

Discussion focused on areas where momentum continues to build, including monetary policy and operations, fiscal and sectoral policies, transition finance, private capital mobilisation, and nature-related initiatives that are advancing policy development and good practices.

Empowering policy-making institutions to accelerate the transition
Members explored opportunities for CETEx to further support policy-making institutions through thematic and country-specific initiatives. Discussions highlighted a range of international and in-county opportunities to better equip central banks, finance ministries, development banks and multilateral institutions with research, policy analysis and targeted capacity-building.

Rob Patalano, Executive Director of CETEx and Chair of its Management Steering Committee, stated:
“I’m grateful for the commitment of the members of the Global Advisory Board to provide strategic advice based on their substantial policy expertise and judgment. I look forward to bringing these insights to CETEx’s management to refine our strategy and further strengthen our policy impact in the year ahead.”

CETEx Global Advisory Board Members

LSE Global School of Sustainability members

• Rt. Hon. Chris Skidmore, OBE, is the Chair of CETEx and the Chair of its Global Advisory Board.
• Professor Lord Nicholas Stern is the Chair of the LSE Global School of Sustainability.
• Professor Jonathan Pershing is the Dean of the LSE Global School of Sustainability.
• Rob Patalano is the Executive Director of CETEx, and the Chair of its Management Steering Committee.
• Sini Matikainen is the Director of Economic and Fiscal Policy, CETEx.

External members

• Swati Dhingra serves as an External Member of the Bank of England Monetary Policy Committee and is an LSE Associate Professor of Economics.
• Sarah Bloom Raskin is the former Assistant Secretary of the US Department of Treasury; and former Governor of US Federal Reserve. She is currently a CETEx Visiting Professor in Practice.
• Kevin Stiroh is a former Senior Advisor, US Federal Reserve Board. He is currently a Senior Fellow at Resources for the Future, where he is the Director of the Climate-Related Financial and Macroeconomic Risk Initiative. He is also a CETEx Visiting Professor in Practice.
• Muhamad Chatib Basri is a former Minister of Finance of Indonesia and former Chairman of the Indonesian Investment Coordinating Board. He is currently a CETEx Visiting Professor in Practice.
• Janak Raj is the former Executive Director of the Reserve Bank of India and a member of its statutory Monetary Policy Committee. He is currently a Senior Fellow, Centre for Social and Economic progress, New Delhi.
• Luiz Awazu Pereira da Silva is the former Deputy Governor, Central Bank of Brazil; former Vice Minister of Finance of Brazil; former Deputy General Manager, BIS. He is currently a CETEx Visiting Professor in Practice.
• Elías Albagli is Head of Monetary Research, Central Bank of Chile, and co-chair of the NGFS Nature Taskforce.
• Sharon S. Yang is the former Deputy Assistant Secretary, US Department of Treasury, and currently serves as the Head of Secretariat, Coalition of Finance Ministers for Climate Action, and CETEx Visiting Senior Fellow.
• Mathilde Mesnard is the Deputy Director of the OECD’s Environment Directorate and the former Deputy Deputy Finance, G7 and G20, OECD.
• Emma Navarro is the former Secretary General in the Spanish Treasury, and former Vice President of the European Investment Bank; she currently serves on the board of directors of Iberdrola Spain.
• Helena Viñes Fiestas is the Chair of EU Platform on Sustainable Finance and serves as Commissioner of the Spanish Financial Markets Authority.
• Patricia Espinosa Cantellano is the former Executive Secretary of the UNFCCC, and former Foreign Affairs Minister of Mexico.
• Ana Fontoura Gouveia is the Head of Sustainability, Central Bank of Portugal, and former Secretary of State for Energy and Climate of Portugal.
• Sonia Medina is the Chief Ecosystem Development Officer and Executive Director, Climate, of the Children’s Investment Fund Foundation.
• Tom Lorber is the Global Director, Climate, of the Children’s Investment Fund Foundation.