Dr Nicola Ranger
Deputy Director, UK Centre for Greening Finance & Investment and Head of Sustainable Finance Research for Development, 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 is passionate about advancing finance for sustainable, resilient and inclusive development. Within the Group, she leads projects covering resilience finance, greening finance in emerging and developing economies, climate and environmental stress testing and scenario analysis, as well as thematic activities on climate and environmental risk analytics. Across the wider Smith School, she works on green fiscal policy, fiscal resilience, systemic resilience and climate compatible growth in middle and low income countries.
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’s Finance, Competitiveness and Innovation Global Practice, where she worked with financial institutions, Ministries of Finance, Central Banks and regional institutions to strengthen financial resilience to climate and other crises, strengthen financial sector development, and put in place local, national and international systems to strengthen the resilience of economies and communities. 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 Assessments (FSAPs) with IMF, 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. At DFID, Nicola was also a senior private sector development adviser, advising Ministers and leading programmes to strengthen financial sector development to support climate resilient economic development. Nicola also has a background in the insurance industry and has been involved in establishing several insurance-based mechanisms, contingent financing products and regional risk pools protecting multiple countries.
Nicola began her career as a scientific adviser on climate mitigation and adaptation policy and researcher on the science, economics and policy of climate change. In 2005/06, she was part of the HMT/Cabinet Office Stern Review on the Economics of Climate Change team and has worked as a Scientific Adviser at Defra, HM Treasury and the Parliamentary Office of Science and Technology. She was a Senior Research Fellow at the London School of Economics and Political Science and holds a doctorate in Atmospheric Physics from Imperial College London. She has published extensively and contributed to major reports including two UK National Climate Change Risk Assessments, the first UNEP Emissions Gap Report, and multiple reports of the Intergovernmental Panel on Climate Change.
- UK Centre for Greening Finance & Investment
- Climate & environmental analytics
- Global Resilience Index Initiative
- Ranger, N., Low, L.P. and Signer, B. (2021) Financial Protection of Critical Infrastructure Services. World Bank-APEC report.
- Warren, R., Watkiss, P., Wilby, RL., Humphrey, K., Ranger, N., Betts, R., Lowe, J., and Watts, G. (2016) UK Climate Change Risk Assessment Evidence Report: Chapter 2. Report prepared for the Committee on Climate Change.
- Ranger, N. (2013) Adaptation: Decision making under uncertainty. DFID UK.
- Unburnable Carbon: Wasted Capital and Stranded Assets (2013) Carbon Tracker & Grantham Research Institute, LSE.
- The Emissions Gap Report: are the Copenhagen Accord Pledges sufficient to limit global warming to 2C or 1.5C. United Nations Environment Programme 2010. Contributing author.
- Ranger, N., Millner, A., Dietz, S., Fankhauser, S., Lopez, A. and Ruta, G. (2010) Adaptation in the UK: a decision-making process. Grantham/CCCEP Policy Brief for the UK Adaptation Sub-Committee of the Committee on Climate Change.
- Lumbroso, D., Brown, E. and Ranger, N. (2016) Stakeholders' perceptions of the overall effectiveness of early warning systems and risk assessments for weather-related hazards in Africa, the Caribbean and South Asia. Natural Hazards, 84(3): 2121-2144.
- Jones, L., Dougill, A., Jones, R.G., Steynor, A., Watkiss, P., Kane, C., Koelle, B., Moufouma-Okia, W., Padgham, J., Ranger, N., Roux, J.P., Suarez, P., Tanner, T. and Vincent, K. (2015) Ensuring climate information guides long-term development. Nature Climate Change, 5: 812-814.
- Ranger, N., Harvey, A. and Garbett-Shiels, S.L. (2014) Safeguarding development aid against climate change: evaluating progress and identifying best practice. Development in Practice, 24(4): 467-486.
- Ranger, N., Reeder, T and Lowe, J. (2013) Addressing 'deep' uncertainty over long-term climate in major infrastructure projects: four innovations of the Thames Estuary 2100 Project. EURO Journal on Decision Processes., 1: 233-262.
- Ranger, N. and Surminski, S. (2013) A preliminary assessment of the impact of climate change on non-life insurance demand in the BRICS economies. International Journal on Disaster Risk Reduction, 3: 14-30.
- Ranger, N. and Garbett-Shiels, S. (2012) Accounting for a changing and uncertain climate in planning and policymaking today: lessons for developing countries. Climate and Development, 4(4): 288-300.
- Ranger, N. and Niehoerster, F. (2012) Deep uncertainty in long- term hurricane risk: scenario generation and implications for future climate experiments. Global Environmental Change, 22(3): 703-712.
- Michel‐Kerjan, E., Hochrainer‐Stigler, S., Kunreuther, H., Linnerooth‐Bayer, J., Mechler, R., Muir‐Wood, R., Ranger, N., Vaziri, P. and Young, M. (2012) Catastrophe risk models for evaluating disaster risk reduction investments in developing countries. Risk Analysis, 33(6): 984-999.
- Kunreuther, H., Michel-Kerjan, E and Ranger, N. (2013) Insuring future climate catastrophes. Climatic Change, 118: 339-354.
- Ranger, N., Gohar, L.K., Lowe, J.A., Raper, S.C.B, Bowen, A. and Ward, R.E. (2012) Is it possible to limit global warming to no more than 1.5°C?Climatic Change, 111: 973-981.
- Ranger, N., Hallegatte, S., et al. (2011) An assessment of the potential impact of climate change on flood risk in Mumbai. Climatic Change, 104: 139-167.
- Hanson, S., Nicholls, R., Ranger, N., Hallegatte, S., Corfee-Morlot, J., Herweijer, C. and Chateau, J. (2011) A global ranking of port cities with high exposure to climate extremes. Climatic Change, 104: 89-111.
- Ward, R., Herweijer, C., Patmore N. and Muir-Wood R. (2008) The role of insurers in promoting adaptation to climate change. Geneva Papers on Risk and Insurance, 33: 133-139.
- Dietz, S., Hope, C. and Patmore, N. (2007) Some economics of dangerous climate change: reflections on the Stern Review. Global Environmental Change, 17(3-4): 311-325.
- Kiker, G.A., Muoz-Carpena, R., Ranger, N., Kiker, M. and Linkov, I. (2011) Adaptation in coastal systems: vulnerability and uncertainty within complex socio-ecological systems. In, Linkov, I. and Bridges, T.S. (eds.) Climate: Global Change and Local Adaptation. Springer.
Selected working papers
- Fankhauser, S., Ranger, N., Colmer, J., Fisher, S., Surminski, S., Stainforth, D. and Williamson, A. (2013) An Independent National Adaptation Programme for England. Grantham Research Institute on Climate Change and the Environment.
- Bowen, A. and Ranger, N. (2009) Mitigating climate change through reductions in greenhouse gas emissions: the science and economics of future paths for global annual emissions. Grantham/CCCEP Policy Brief No. 2
- Vu, H.T., Dicko, T.F. and Ranger, N. (2020) Five Reasons to Support SMEs So They Can Build Stronger Resilience to Future Disaster Shocks. 31 July 2020, Financial Protection Forum.
- Calcutt, E. and Ranger, N. (2020) Five Reasons You Should Be Thinking About Compounding Risks Now. 30 June 2020, Financial Protection Forum.
- Ranger, N. and Signer, B.L. (2018) Even duller disasters? How earlier finance can save lives in emergencies. 12 April 2018, World Bank Blogs.