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ISR鈥檚 Dr Nadia Ameli awarded prestigious ERC Starting Grant

27 July 2018

香港六合彩 ISR Senior Research Associate Nadia Ameli awarded prestigious ERC Starting Grant.

Nadia

香港六合彩 ISR researcher Dr Nadia Ameli , a prestigious funding award designed to identify and boost talented young researchers across Europe.

Dr Ameli, Senior Research Associate at 香港六合彩 ISR, will receive one of 403听European Research Council Starting Grants to be awarded this year to researchers from all over the world to pursue ground-breaking research in European institutions across a wide range of disciplines.听

Nadia will be funded over five years to explore the听role of climate finance听to meet the Paris climate goals. By understanding the architecture of the financial system, exploring macro patterns in low-carbon investment emerging from observed investors鈥 behaviour and interactions, and designing cross-cutting policies aligned with long-term climate targets, her research will promote essential guidance for a re-orientation of financial flows towards low-carbon and energy efficiency investments.

Commenting on her award, Dr Ameli听said:

鈥淭hus far much of the effort to tackle climate change has been focused on technology and policy solutions, with very little attention given to how this change can be enabled through finance. This ERC grant is an exciting and unique opportunity to study finance as the next lever to enable the low-carbon transition and challenge the mainstream economic theories with complexity thinking.听
As an Italian, working in the UK, I鈥檓 honoured to receive this award which transcends international boundaries to recognise and support excellent science. Finally, in the academic world, where gender equality has not yet been achieved, this provides me with a vital opportunity to develop the skills I need to be a role model for others.鈥澨

Project description

LINKS听Kick-starting global climate investments: uncovering hidden links in climate finance and exploring dynamic evolution of investment networks for policy design

Nadia鈥檚 project will use network theory, advanced computational techniques and extensive empirical data to model the financial system as a complex adaptive system.听The climate financial system, as any other complex systems, reflects the interactions and dynamics of its heterogeneous actors across the globe, who have diverse investment preferences and operate in different market conditions, which collectively shape the actual flows and investments in low-carbon. Complexity is in its composition 鈥 heterogeneous agents interacting simultaneously with each other on multiple levels (e.g. local, national and international) 鈥 in the diversity of emergent behaviour of which they are capable within the system and in their听evolutionary听process which provides the system with novelty and is responsible for the growth in order and complexity over time.

This project will be the first attempt to employ complexity thinking听to model an evolving network of heterogeneous financial actors to study macro patterns in low-carbon investment emerging from observed investors鈥 behaviour and interactions.听This approach is essential to advance our understanding of the complex system of climate finance, where interactions between financial actors lead to outcomes at the system level that differ from the behaviour of individual actors.