Irene Monasterolo

Irene Monasterolo is a Full Professor of Climate Finance at Utrecht University School of Economics, focusing on the intersection of climate risks and financial stability. Her work bridges macrofinance, climate policy, and complex systems analysis.

• Affiliations: Utrecht University, WU Wien (visiting), CEPR, Institute Louis Bachelier, SUERF

Her research interests center on:

• Climate risk assessment for financial systems
• Sustainable finance and low-carbon transition
• Macrofinancial modeling of climate impacts
• Green public investment and policy design

Recent publications explore:

• Climate bonds and sovereign finance
• Physical and transition risk materiality
• Social tipping dynamics for decarbonization
• Compound risks (climate + pandemics)
• EU financial system stress testing

Scientific awards include:

• CEPR research fellowships
• Collaborations with ECB, World Bank, and NGFS
• Contributions to IPCC AR6

She actively engages in policy consultations, including with the European Commission, and leads the development of climate stress testing frameworks.