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PhD Studentship - The Macroeconomic Impact of Climate Change on the Stability of the Financial System

Bournemouth University - Faculty of Management

Qualification Type: PhD
Location: Bournemouth
Funding for: UK Students, EU Students, International Students
Funding amount: £15,225 maintenance grant per annum
Hours: Full Time
Placed On: 18th March 2020
Closes: 27th April 2020

Lead Supervisor name: Dr.  Ishmael Tingbani

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. 

What does the funded studentship include?

Funded candidates will receive a maintenance grant of £15,225 per annum (unless otherwise specified), to cover their living expenses and have their fees waived for 36 months. In addition, research costs, including field work and conference attendance, will be met.

Funded Studentships are open to both UK/EU and International students unless otherwise specified.

Eligibility criteria

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

Closing date: The first call for applications will close on 27 April 2020.

For further information on how to apply click the ‘Apply’ button below or email


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