Research Assistant

  • Job title Research Assistant
  • Term part-time
  • Date published 20 May 2020
  • Closing date 5 Jun 2020
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The Bennett Institute for Public Policy invites applications for a Research Assistant to join our Wealth Economy team.

The successful applicant will join our INSPIRE funded project on Climate Change and Sovereign Credit Ratings. This applied research combines leading climate-economy models with historical evidence and credit rating agency methods to improve sovereign climate risk assessments. (More details about the project are below). 

The appointment is for 9 months on a part-time basis (10 hours per week), starting as soon as possible. Excellent econometric and data management skills are essential and good programming skills are desirable.

Summary of terms:

Hours: Part-time (10 hours per week)

Pay:   £14.01 per hour (TES)

Contract type: Fixed Term (9 months)

For more information and to apply for the vacancy please email your CV to Dr. Matthew Agarwala (mka30@cam.ac.uk) by Friday 5th June.

NOTE: This position is only advertised on the Bennett Institute website. (There is NO 'APPLY NOW' LINK to the University of Cambridge recruitment website)

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Further details about the project:


Climate Change and Sovereign Credit Ratings
Financial markets face increasing pressure to factor climate risks into decision making and facilitate decarbonisation. Enthusiasm for ‘greening the financial system’ is welcome, but a fundamental challenge remains: investors lack the necessary information. Existing climate risk disclosures are rare, ad hoc, voluntary, unregulated and based on internal assessments rather than climate science. This project examines how well credit ratings agencies (CRAs) – who assess the creditworthiness of investments - ‘capture’ climate risks in ratings.

We fill key information gaps relevant to governments, regulators, investors, and CRAs. First, a 20-year, 100-country panel investigates links between observed, historical climate damages and sovereign ratings. Second, we reconstruct current ratings, factoring in results from leading climate-economy models to show how ratings would differ if climate science was included. Finally, we mobilise our extensive network in finance, climate science, and economics to develop a provocative position piece on the state of green finance and future priorities.

Project Team:

Matthew Agarwala (Bennett Institute for Public Policy, University of Cambridge),

Patrycja Klusak (Bennett Institute for Public Policy, University of Cambridge and University of East Anglia),

Kamiar Mohaddes (Judge Business School, University of Cambridge).

Moritz Kraemer, former Head of Sovereign Ratings, S&P Global

Apply now