Dr Nicola Ranger

Head of Sustainable Finance Research for Development in the Oxford Sustainable Finance Group

Dr Nicola Ranger is Head of Sustainable Finance Research for Development in the Oxford Sustainable Finance Group and a Senior Researcher in the Smith School of Enterprise and the Environment, University of Oxford. She is also the Deputy Director of the UK Centre for Greening Finance and Investment (CGFI), established by UK Research and Innovation in 2021 as the national centre to accelerate the adoption and use of climate and environmental data and analytics by financial institutions internationally.

Nicola specialises in climate and environmental risk, policy and decision making, financial and fiscal resilience, systemic risk and resilience and the role of finance in resilience and sustainability. She works at the intersection of science, risk analytics, finance, economics and policy and has almost two decades of experience in climate change, development, sustainable finance and crisis risk financing, including holding senior roles in public policy, development finance, academia and industry. She works extensively in emerging and developing economies, particularly in Asia and Africa. She holds multiple advisory roles, including at the World Bank and Financial Systems Thinking Innovation Centre of the Institute and Faculty of Actuaries, and is a Senior Visiting Fellow at the London School of Economics and Political Science.

Nicola joined Oxford from the World Bank, where she worked with financial institutions, Ministries of Finance, Central Banks and regional institutions to strengthen financial resilience to climate and other crises and put in place local, national and international systems to manage shocks. At the World Bank and in her previous role at the UK Department for International Development (now FCDO), Nicola worked on many of the systems and processes to strengthen national and global resilience to shocks and crises, including integrating climate-related risks into the Financial Sector Assessment Programs (FSAPs), helping to establish the Global Risk Financing Facility and early response financing for the IDA Crisis Response Window, supporting the strengthening of global and national early warning systems, and working across Africa to integrate climate change and disaster risk into national policy and investment. Nicola also has a background in the insurance industry and has been involved in establishing several insurance-based mechanisms, regional risk pools and catastrophe bonds protecting multiple countries.

Nicola developed her expertise in the economics of climate change, risk and resilience as a Senior Research Fellow at the London School of Economics and Political Science and holds a doctorate in Atmospheric Physics from Imperial College London. In 2005/06, she was part of the HMT/Cabinet Office team on the Stern Review on the Economics of Climate Change and has worked as a Scientific Adviser on climate and environmental policy at Defra, HM Treasury and the Parliamentary Office of Science and Technology. She has published extensively and contributed to major reports including two UK National Climate Change Risk Assessments and multiple reports of the Intergovernmental Panel on Climate Change.