Irene Claeys
Irene is currently involved in projects looking at different political economy regimes in the green transition as well as monetary and fiscal co-ordination. She joins the Grantham Institute from the Bank of England (BoE), where she helped establish the Climate Project team, leading projects on topics including traded risk and climate litigation. Whilst at the BoE, Irene also worked for the net zero and energy workstreams, notably during the aftermath of the Russia-Ukraine war, where she co-ordinated the Bank’s external engagement on energy risks with HMT, Ofgem, DESNZ and the FCA. Most significantly, this included the Energy Market Financing Scheme, a scheme set up to address the liquidity requirements of energy companies during the 2022 energy crisis. Before the BoE, Irene was a doctoral student at the LSE’s Law Department, where she completed her PhD on the history of regulatory investment risk frameworks.
Research interests
- Financial regulation and climate-related risk
- Macroeconomic coordination for a sustainable economy
- Green macro-financial regimes
- The global financial architecture and EMDEs
Policy
Policy - 2024
This report from CETEx (the Centre for Economic Transition Expertise) reviews existing literature on climate change and price stability, considers the risk posed by more persistent climate-related inflationary pressure and explores the trade-offs, challenges and implications for monetary policy. Read more
This CETEx policy brief examines the policy options available to minimise the fiscal burden of the Bank of England’s Asset Purchase Facility and create savings that could be directed elsewhere – including towards facilitating the UK’s net zero transition. Read more
News
News - 2024
This article reports on a speech by UK Chancellor Rachel Reeves in which she outlines the importance of sustainable finance. Read more
This commentary proposes that The Bank of England and the Government work together to help create a robust climate risk framework that supports financial risk management, while driving an equitable green transition. Read more
The remit letters to be sent by the Chancellor on 14 November to the Bank of England and Financial Conduct Authority are a critical opportunity to re-establish that these bodies should have regard to the Government’s climate and environmental ambition. Read more
