Former staff
Left to work at the Bank of England

Sini Matikainen

Former Policy Analyst

Sini Matikainen was a Policy Analyst with the Grantham Research Institute from June 2016 until September 2018


Before joining the Grantham Institute, Sini worked at the European Systemic Risk Board (ESRB) Secretariat at the European Central Bank on the potential systemic risk to the financial sector of a transition to a low-carbon economy.  The resulting paper focused particularly on macroeconomic impacts of energy price shocks and financial system exposure to carbon-intensive assets, and the associated macroprudential policy implications. She has research experience at the Ecologic Institute in Berlin and Stanford’s political science department, and also worked for a time in tech startups.

She holds a BA in economics, with distinction, from Stanford University; an MSc in International Management and CEMS from ESADE Business School; and an MSc in Environment and Development, with distinction, from the LSE, where her master’s dissertation developed a new quantitative methodology to examine the relationship between media framing and public engagement online.

Sini’s research interests include low-carbon finance and investment, growth and innovation, and sustainable development.


Book  1 January, 2018

Trends in climate change legislation

A deepening understanding of the importance of climate change has caused a recent and rapid increase in the number of climate change or climate-related laws. Trends in Climate Change Legislation … read more »

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Policy publications  8 January, 2018

Consultation response: 'Cost of Energy Review'

This is a submission to the consultation on the UK government's 'Cost of energy' review by Professor Dieter Helm, addressing areas including the phase-out of coal and cost of renewable energy. read more »

Policy publications  4 January, 2018

Consultation response: 'Clean Growth Strategy'

This is a submission to the consultation on the UK Government's Clean Growth Strategy, with comments on the overall strategy and key sections. read more »


Policy publications  8 December, 2017

Consultation response: ‘Streamlined energy and carbon reporting’

This paper sets out responses to selected questions from the the UK government's consultation on its proposal for a more streamlined and effective energy and carbon reporting framework. read more »

Policy publications  20 November, 2017

Some key issues for reviews of the costs of low-carbon electricity generation in the UK

Ongoing concerns about the best policies to achieve affordability have led to three reviews: of energy costs, of the Levy Control Framework, and of carbon pricing. This paper draws on research findings and empirical evidence to identify key principles and issues that should be taken into account by the Government in relation to these separate but related reviews. read more »

Policy publications  30 May, 2017

The climate impact of quantitative easing

Note that an 8-page policy brief for decision-makers that draws on the full 36-page paper is available.  Headline issue Both climate change and the low-carbon transition are likely to have … read more »

Policy publications  24 April, 2017

Consultation response: ‘Building our Industrial Strategy’

This paper was submitted in response to the UK Government’s industrial strategy green paper: ‘Building our industrial strategy‘.

Policy publications  24 April, 2017

Financing low-carbon growth and innovation in the UK Industrial Strategy

This policy brief outlines how the public sector can crowd in private finance to support low-carbon growth and innovation in the UK government’s Industrial Strategy. read more »


Policy publications  17 November, 2016

Assessing the consistency of national mitigation actions in the G20 with the Paris Agreement

This study uses the ‘Paris consistency monitor’ to assess whether the past and present action by G20 countries on climate mitigation is consistent with meeting the key requirements of the Paris Agreement. read more »

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Commentary  16 May, 2018

Why is low-carbon investment dropping in the UK?

A new report from the UK’s Environmental Audit Committee (EAC) warns of a ‘dramatic and worrying collapse’ in green investment in the UK, which is at a 10-year low. This … read more »

Commentary  19 January, 2018

Green mortgages should be climate resilient as well as energy efficient

In December 2017, the Vice President of the European Commission announced that the Commission is considering loosening financial regulation for sustainable financial products with the aim of boosting green investment. … read more »

terrace houses
Commentary  17 January, 2018

What are green mortgages and could they increase the energy efficiency of UK homes?

The Government's Clean Growth Strategy included plans to use green mortgages to incentivise people to make their homes more energy efficient but what are green mortgages and what evidence is there that they work? read more »


European Commision
Commentary  18 December, 2017

Green doesn’t mean risk-free: why we should be cautious about a green supporting factor in the EU

Without robust evidence for a green supporting factor, the European Commission and the High Level Expert Group on Sustainable Finance (HLEG) should look for other avenues to increase green investment says Sini Matikainen. read more »

In the news  6 December, 2017

Revealed: ECB met Amundi, HSBC on portfolio decarbonisation as central banks step up on climate change

Responsible Investor, 6 December 2017

Commentary  20 September, 2017

The UK has endorsed recommendations for financial reporting of climate risks – but are voluntary guidelines enough?

Encouraging voluntary disclosure by companies of their exposure to climate-related risks may not be enough says Grantham Research Institute Policy Analyst, Sini Matikainen. read more »

offshore wind turbines
Commentary  18 August, 2017

GIB going, going, gone! The future of the Green Investment Bank and sustainable investment in the UK

The sale of the government-backed Green Investment Bank (GIB) for £2.3bn to a consortium led by Macquarie Group Limited has been completed this week. The sale has been met with criticism, … read more »

In the news  5 June, 2017

New study confirms climate impact of quantitative easing, 5 June 2017

Commentary  30 May, 2017

How “green” are bank policies to speed economic recovery?

Programmes by the European Central Bank (ECB) and Bank of England designed to boost economic growth after the 2008 financial crash could inadvertently be giving high-carbon sectors an advantage over their low-carbon counterparts. These measures, including quantitative easing, may be coming to an end, but their ‘high-carbon skew’ could have a long term impact on the UK and Eurozone. read more »

In the news  30 May, 2017

Bank of England bond buying criticised for carbon skew

Fund Strategy, 30 May 2017


In the news  17 November, 2016

Australia ranked among worst developed countries for climate change action

The Guardian, 17 November

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Book  1 January, 2018

Trends in climate change legislation

A deepening understanding of the importance of climate change has caused a recent and rapid increase in the number of climate change or climate-related laws. Trends in Climate Change Legislation … read more »

More in book publications