Moritz Baer

Climate Risks and the Financial System - The role of climate-stress testing for central banks and financial regulators

Moritz Baer is a DPhil student at the Smith School of Enterprise and the Environment (SSEE) under the direction of Dr Ben Caldecott of the Oxford Sustainable Finance Group, researching the impact of climate-related transition and physical risk on the financial system. His research focuses on climate stress-testing and the integration of scenario and financial analysis to assess the impact of systemic climate risks on financial stability and the feedback effects to the real economy. Further, the focus lies on deriving sensitive intervention points for financial policies and assessing the implications for central banks and financial regulators.

Alongside his doctoral studies at Oxford, Moritz is a Senior Advisor for 2° Investing Initiative (2DII), an international, non-profit think tank working to align financial markets with the Paris Agreement goals. Further, he is supported by the German Academic Scholarship Foundation as a Doctoral Scholar.

Before this, Moritz was involved in the project FRANTIC 'Financial Risk and the Impact of Climate Change' in cooperation with the Cambridge Institute for Sustainable Leadership and the Cambridge Centre for Environment, Energy and Natural Resource Governance, where he published a working paper on 'the Impact of stranded fossil fuel assets on international financial institutions'. He previously worked for the European Central Bank, Directorate Générale Macroprudential Policy and Financial Stability as a Trainee in Sustainable Finance. His role included supporting the ECB coordination with the Network for Greening the Financial System (NGFS) and supporting the development of a dynamic banking models.

Moritz is also a co-founder of PRJCT Studio, an art gallery and platform that focuses on solution-orientated approaches, that combine art with a social dimension, to support projects and artists that have a positive impact on society and the environment.

Prior to this, Moritz worked as a Research Associate at the Ecological Economics Institute at WU in Vienna on sustainable finance and political economy issues as part of the project 'MISTRA Financial System' funded by the Swedish Foundation for Strategic Environmental Research.

Moritz holds an MPhil in Environmental Policy from the University of Cambridge (Distinction), a BSc in Economics from the Vienna University of Economics and Business (WU) and a BA in Political Science from the University of Vienna.

A list of Moritz's publications can be found on ResearchGate.