Elena Almeida

Elena was Policy Analyst at the LSE Grantham Research Institute, specialising in biodiversity and central banking. Currently, she is supporting the NGFS-INSPIRE Study Group to explore linkages between biodiversity loss and financial stability, specifically focussing on the role of central banks and supervisors.
Background
Elena holds degrees in Economics from the University of Sussex and International Management from the London School of Economics and Political Science. Prior to joining the Institute, Elena led the UK Government’s ASEAN Low Carbon Energy programme focussing on green finance in Malaysia, notably collaborating with Capital Markets Malaysia to establish the Malaysian Sustainable Finance Initiative. Elena started her career as an associate economist at the Central Bank of Malaysia, where she was part of the Monetary Policy Department.
Research interests
- Biodiversity loss and links to the financial system
- Environmental considerations for central banking
- Net zero/low carbon transition pathways for emerging and developing markets
- Sustainable development
Research
Research - 2022
This book chapter discusses the role that central banks and financial supervisors (CBFSs) can play in scaling up sustainable finance and investment. Read more

Policy
Policy - 2023
This paper explores current models and scenarios for analysing nature-related financial risks. It identifies the key methodological considerations and requirements if nature assessments are to provide useful guidance to the financial sector. Read more

Policy - 2022
The impacts of biodiversity loss call for urgent and transformative changes to economic and financial systems. This paper discusses the need to extend the scope of central banks’ approach to the environmental crisis. Read more

This Final Report provides the conclusions of the NGFS-INSPIRE Study Group on Biodiversity and Financial Stability on the scale of the threats from 'biodiversity-related risk' to the global financial system, reviews the actions that central banks, supervisors and other financial actors are already taking in response, identifies policy options for evaluating and mitigating financial risks arising from biodiversity loss and makes recommendations for near-term action. Read more

Policy - 2021
This report is intended as a stocktake of the current context for central bank and financial supervisory action on biodiversity loss. It sets out the state of understanding on the linkages between biodiversity-related risks and financial stability, provides examples of emerging central bank and private finance activity, and identifies key themes, challenges and open questions. Read more

Books
Books - 2022
This book chapter discusses the role that central banks and financial supervisors (CBFSs) can play in scaling up sustainable finance and investment. Read more

Events
News
News - 2023
A new global framework for the protection of nature was adopted at COP15, with material targets for 2030. This commentary outlines their particular relevance for the financial sector and its efforts to halt nature loss. Read more
