The Forward Global Institute.
Breakthrough Climate Finance Analytics for Governments and Policy Makers.
The Forward Global Institute (FGI) is a public research arm of Forward Analytics Group dedicated to help governments, finance ministries, central banks and international financial organisations navigate the net-zero transition and support climate finance. Our commitment is to to aid economic and political decision-makers with data and tools to inform climate-resilient economic development and align financial flows.
We are proud supporters of the Helsinki Principles set by the Coalition of Finance Ministers for Climate Action. Our analytics is tailored to meet the needs of the growing global community.
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The Forward Global Institute has developed a beta platform to make country-specific climate finance and investment needs more accessible and actionable—supporting Finance and Economy Ministries in emerging markets and developing economies (EMDEs) with climate strategy design and transition planning.
Key analytics include:
Time-Series of Transition Costs and Investment Needs for Power Sector Decarbonisation
Country-Specific Benefits from Decarbonisation
Yearly Time-Series of Clean Energy Capacity Requirements
Net Present Value of Climate Finance Needs to 2035 and 2050
Interactive Power Plant Phase-Out Map
Country-Level List of Affected Firms
Latest Insights and News
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FGI researcher supports major global survey with Ministries of Finance
We are proud to announce that FGI’s Moritz Baer has been co-leading the first global survey of finance ministries to identify pressing policy questions.
The report finds that while MoFs are increasingly aware of the pressing need to address climate action and are actively implementing a range of climate policies, a substantial proportion have not yet undertaken analysis of the economic, fiscal, and financial impacts of the policies required to drive forward a green and resilient transition. There is a notable gap between the demand for and the availability and use of suitable economic modeling and analytical tools to inform climate action. This poses a substantial barrier to MoFs’ ability to advance the transition at the pace and scale required.
Overcoming these limitations necessitates a strong response by MoFs, in partnership with supporting agencies, to rapidly enhance the supply of analytical tools and capabilities needed to address the most pressing climate policy questions.
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The Forward Global Institute welcomes Andy King to its Advisory Council
We are thrilled to welcome Andy King to the Advisory Council of the Forward Global Institute.
Andy is a Specialist Partner at the advisory firm Flint Global and a Senior Visiting Fellow at the London School of Economics’ Grantham Research Institute, where he specialises on the fiscal implications of climate change and net zero. He led a recent Coalition of Finance Ministers for Climate Action workstream on these questions.
Andy’s background is with the UK government. He spent 10 years at the Office for Budget Responsibility, first as Chief of Staff and then as fiscal lead on the executive committee, in that time chairing the Climate Group of the OECD’s network of fiscal councils. Prior to that, Andy held a variety of senior macroeconomic and fiscal policy roles at the UK Treasury. He also acts as a technical advisor to the IMF’s Fiscal Affairs Department.
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2nd Annual Forum on the Macroeconomics of Green & Resilient Transitions co-hosted by the Bezos Earth Fund
The 2nd Annual Forum on the Macroeconomics of Green and Resilient Transitions was co-hosted by the Coalition of Finance Ministers for Climate Action, the Danish Ministry of Finance, and the Bezos Earth Fund, with support from the Grantham Research Institute on Climate Change and the Environment.
The Forum brought together economic policy makers and applied economic modelers and analysts – from finance and economic ministries, development banks, universities, and think tanks – to work together on the information and evidence base needed for green and resilient economic transitions.
The Forum provided an opportunity for Ministries of Finance and other economic decision makers to lay out their challenges, needs, and asks; it provides an opportunity for the analytical community to showcase methods and data that might meet these challenges, needs, and asks in diverse circumstances; and it provides a venue to discuss ways that these communities can work together to build the evidence base for green and resilient economic transitions.
FGI Advisory Council
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Prof Cameron Hepburn
Cameron Hepburn is the Battcock Professor of Environmental Economics at the Smith School of Enterprise and the Environment, University of Oxford. Cameron serves in non-executive roles including:Chair, Aurora Energy Research, a leading energy modelling company; Director, Vivid Economics, a leading economics consultancy; External Advisory Board Member, Royal Dutch Shell plc; Advisory Panel, Sarasin & Partners LLP Climate Active Fund
Cameron is an investor in social enterprises including Purpose and Apolitical, and co-founded Climate Bridge, Vivid Economics and Aurora Energy Research. He actively invests in early-stage businesses.
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Andy King
Andy is a Specialist Partner at the advisory firm Flint Global and a Senior Visiting Fellow at the London School of Economics’ Grantham Research Institute, where he specialises on the fiscal implications of climate change and net zero. He led a recent Coalition of Finance Ministers for Climate Action workstream on these questions.
Andy’s background is with the UK government. He spent 10 years at the Office for Budget Responsibility, first as Chief of Staff and then as fiscal lead on the executive committee, in that time chairing the Climate Group of the OECD’s network of fiscal councils. Prior to that, Andy held a variety of senior macroeconomic and fiscal policy roles at the UK Treasury. He also acts as a technical advisor to the IMF’s Fiscal Affairs Department.
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Dr. Alissa M. Kleinnijenhuis
Alissa M. Kleinnijenhuis is a Visiting Assistant Professor of Finance at Cornell University, a non-resident fellow at Bruegel, and a RPN member of Sustainable Finance at the Centre for Economic Policy Research (CEPR). Kleinnijenhuis advises governments, central banks, corporations, think tanks, and international institutions, including the European Central Bank, the Bank of England, the International Monetary Fund, the African Development Bank, and Fidelity Investments.
Alissa is the founding editor of the “Handbook of Financial Stress Testing”, which features contributions by leading scholars, public sector officials, and practitioners on the topic of stress testing, and includes a preface by Timothy Geithner and endorsements by Ben Bernanke and Christine Lagarde.
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David Carlin
David Carlin is an acknowledged authority on climate change and its implications for the financial system. He is the founder of D. A. Carlin and Company, an advisor to governments, corporates, and financial institutions on climate and ESG topics. He has authored numerous reports that provide practical tools for financial actors looking to address climate change and has run capacity-building programs for financial institutions and supervisors around the world.
David was the Head of Risk at UN Environment Programme- Finance Initiative (UNEP FI), where he founded the Risk Centre, a research institute where financial sector actors can explore practical solutions to climate and environmental risks. Over the past years, he has worked with over 100 global banks, investors, and insurers on climate scenarios, climate risk assessments, and climate governance.
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Mark Almeida
Until November 2019, Mark was president of Moody’s Analytics since its formation in 2008.
He oversaw development of the company's business to nearly $2 billion annually, consistently growing revenues at double-digit rates for more than a decade.
Mark is passionate about uncovering creative and innovative ways of applying analytical rigor and advanced technologies to business problems that are shared across industries