How do I become an FECS coordinator?

NEW: To sign up as an FECS coordinator, please complete this poll.

What is the role of a coordinator?

While FECS provides students a timely curated reading list, 24 hours of sessions by world-class academics, and additional resources, the research process needs local engagement and support.  At each participating school or government body, we require that there be a local coordinator.   At a minimum, the coordinator approves students who will join the FECS global reading group to ensure that they have the proper training to benefit from the material.  In many organizations, coordinators have done much more than this, including connecting the material to other classes and seminars at their schools; convening FECS participants locally to form small groups; offering additional sessions; running short additional programs such as summer programs; offering a locally-graded version of the course by augmenting it with assignments and assessment; and organizing multi-school conferences.  We strongly encourage local coordinators to build off the global platform to create local vibrant climate finance communities. In short, the role of the  coordinator can be quite minimal or very expansive—depending on how you and your organization locally adapt the material for your school.

Is there any cost to my school or government body?  Who supports this initiative?

No. The Core Session Faculty have come together to voluntarily offer this course and the Salata Institute for Climate and Sustainability at Harvard University provides administrative support for this initiative as part of its mission to broaden climate education. There is no charge to participating schools or students.

Can PhD researchers at financial regulators and agencies join FECS?

Yes. Increasingly, research staffs at financial regulators, central banks, and government agencies are conducting important research on climate finance.  As most of these researchers graduated from their PhD programs before FECS was offered, they haven’t had the opportunity to cover this material.   We welcome PhD researchers at these organizations to join FECS.   Each group will need a convener, who will be the “gatekeeper” for assembling and submitting the list of participants.   Participants will join on a private capacity as learners, rather than as an official basis.  FECS runs on Dropbox, Zoom, and Slack, and  participants will need to provide email addresses which will work with these commercial platforms.

What is theory of change of FECS?

This is a voluntary effort by faculty around the globe and it is motivated by a simple collective theory of change: (1) Solving the climate crisis will demand that the financial system deploys trillions of dollars a year across the globe; (2) researchers and educators need to take a leadership role in education and research to support this historic movement of capital, but currently there are few trained academics, an exceedingly small body of literature, and a lack of courses; (3) for academia to lead, we need to train an entire new generation of finance scholars, but to date, there are no doctoral courses in climate finance; and (4) through creating a global doctoral course, taught by respected leaders in the nascent field, and available to students, post docs, and faculty around the world, we can catalyze the development of the community of climate finance scholars and educators. Our model leverages scale, specialization, and a community effect. We scale through reaching students at multiple schools; we specialize by tapping the diverse expertise of a global teaching team; we support both global and local research communities of educators, who can go on to train many climate leaders.

How can I sign up to be a local faculty coordinator?

Fill out this poll to apply to be a local coordinator.   This poll is only for faculty conveners at schools or lead researchers at government bodies.   FECS does not accept individual students for participation.

When and how do I submit my list of FECS participants so that they can gain access to the lectures and materials?

We will accept applications by schools and financial regulators through December 15, 2025.   After that point, approved coordinators will submit the list of FECS participants at your school or organization.  Participants should all have the necessary background to benefit from the course, i.e., doctoral training in finance, economics, or accounting.  You will submit the participants’ names and email addresses, which we use to give them access to the course Zoom, Slack, and Drop Box.  This information must be submitted to FECS no later than January 15, 2026.

How can I learn more?

We held a webinar for Coordinators in November 2025.   Coordinators who miss this session will have access to the slides and recording.  You can also contact the Faculty Lead, Peter Tufano at ptufano@hbs.edu with specific questions.

TO JOIN FECS, CHECK TO SEE IF YOUR SCHOOL IS PARTICIPATING AND CONTACT YOUR FACULTY.  WE DO NOT ACCEPT APPLICATIONS FROM INDIVIDUAL PARTICIPANTS.  YOU APPLY THROUGH YOUR LOCAL COORDINATOR.

What is the purpose of FECS?

FECS offers insight into the field of climate finance aimed at Doctoral students, post-docs, researchers and faculty to build a new generation of climate finance scholars and educators.  It consists of a set of 12 two-hour sessions lead by leading academics in the field, but your school’s coordinator may offer additional sessions or offer a locally-authorized version of the course.

What are the pre-requisites?

FECS is designed to train academics who will conduct research and teach in the field of climate finance. It covers current research in the field as well as research methods. Pre-requisites for the course are doctoral-level training in economics, finance, or accounting.  Doctoral students, post-docs, and faculty who are interested in advancing research on climate finance are welcome to join.

What is covered in each Core Session?

The faculty will review 4-6 papers per core session. These are often very recent papers. After an introductory introduction to climate science and data, the sessions will cover core principles of finance and economics (2), asset pricing (2), investment management (2), climate accounting, corporate finance, household finance, financial institutions, and a wrap-up session.  You are expected to read the papers, available online, in advance.  While the sessions will include many participants, there will be opportunities to participate both on Zoom and on the course Slack channel.  There will also be occasional breakout sessions where participants from different schools can meet one another.

Does FECS cost anything to participants?

No. The Core Session Faculty have come together to voluntarily offer this course and the Salata Institute for Climate and Sustainability at Harvard University provides administrative support for this initiative as part of its mission to broaden climate education. There is no charge to participating schools or students.

What resources are available for FECS participants?

Participants will get access to the synchronous Zoom Reading Group Sessions, slides for each class, time-limited recordings of prior classes, and news about climate finance conferences and opportunities. Access to this material will be through a reading group Dropbox, only available to participants approved by the local school coordinator.

Will I get course credit or a certificate of completion ?

Not from FECS.  The decision whether and how to award course credit or offer a certificate—as well as the requirements to do so—are set by each local participating school. Contact your course convener.

Is FECS available at my institution?

FECS is available for doctoral students, post-docs, and researchers at many schools as well as for PhD researchers at certain financial regulators. How can I sign up?

If you are at one of the participating schools, contact your local convener for information.

Where can I learn more?

Please visit our contact page for general information and get in touch with your local course convener later in the autumn to learn more.

For the complete list of participating institutions and local course coordinators, please check back to this page which will be updated regularly.  This list reflects participating organizations for FECS 2026. Click here for participant contact information (updated 26 September 2025).

University Participants:

Government Agency Participants:

These resources might be useful for climate finance researchers.  Listing on this page is not an endorsement of any organizations or firms.  Feel free to send your suggestions for this page to fecs@hbs.edu and we will regularly update the page.

Climate Finance research organizations, repositories, and summaries

SSRN Climate Finance eJournal

https://papers.ssrn.com/sol3/JELJOUR_Results.cfm?form_name=journalbrowse&journal_id=4910885.   An online journal compiling working papers (papers under review) on climate finance and the financial economics of climate change mitigation.

PRI, “Introduction to responsible investing academic research”

https://www.unpri.org/sustainability-issues/research/introduction-to-responsible-investing-academic-research  Guidance and academic resources on responsible investment, with a specific focus on ESG and financial performance. PRI is a global network of investors (“signatories”) aiming to incorporate ESG issues into investment practice.

PRI list of top academic publications on responsible investmnet

https://www.unpri.org/research/top-academic-resources-on-responsible-investment/4417.article.   A curated list of academic publications on responsible investment. This list can be a useful starting point for identifying relevant studies for further research.

Open Climate Curriculum

https://openclimatecurriculum.org/.  Provides online education materials on climate-related issues, such as climate sustainability and climate investments. Helpful for building foundational knowledge.

MSCI Institute

https://www.msci-institute.com/.  Curates data and analysis for investors and researchers interested in creating sustainable value through capital markets. Affiliated with MSCI, a global provider of portfolio management tools.  Curates a set of climate finance papers at https://www.msci-institute.com/sustainability-research-portal/

GRAFSI (Global Research Alliance for Sustainable Finance and Investment)

https://sustainablefinancealliance.org/.   A network of global universities and institutes that hosts an annual academic conference on Sustainable Finance and Investment, and develops collaboration between researchers in the field.

e-axes Forum on Climate Change, Macroeconomics, and Finance

https://e-axes.org/.  A research organization on macroeconomic policies and sustainability. Provides trackers of global sustainability policies and relevant academic resources, such as the Green Monetary and Financial Policies (GMFP) tracker and the Literature on Climate, Macroeconomics, and Finance (LitCMF) tracker.

General information on climate and sustainability finance

UNFCCC, “Introduction to climate finance”

https://unfccc.int/topics/introduction-to-climate-finance#:~:text=What%20is%20climate%20finance%3F,that%20will%20address%20climate%20change.  A primer on Climate finance, with an introduction on UNFCCC’s standing committee on finance and UNFCCC’s climate finance data portal.

UNEP’s Finance Initiative

https://www.unepfi.org/.  A long-lasting initiative led by the United Nations Environment Programme (UNEP), with an aim to mainstream sustainable investment. Provides in-depth thematic research and leads multiple “net-zero” alliances.

Climate Policy Initiative

https://www.climatepolicyinitiative.org/.   An analysis organization aiming to drive economic growth while addressing climate change. Hosts multiple investor alliances and provides “Climate Finance tracking” database, on global finance flows towards climate change mitigation and adaptation.

Regular workshops

PRI Academic Seminar series (December-April, annually)

https://www.unpri.org/sustainability-issues/research/academic-seminar-series   An online seminar series on responsible investment with attendants from the investment sector and presentations from thought leaders. Presentations followed by network opportunities between junior scholars and the presenter.

e-axes Forum on Climate Change, Macroeconomics, and Finance

https://e-axes.org/.  Webinar series for young faculty interested in climate change and finance

Upcoming Conferences

**LET US KNOW SO WE CAN SHARE WITH OTHERS

Financial Economics of Climate and Sustainability

Harvard Reading Group for Doctoral Students – Winter 2026

TO SIGN UP, YOU WILL COMPLETE A POLL WHICH WILL BE AVAILABLE ON THIS PAGE LATER THIS AUTUMN. Applications can be submitted through the first day of class (February 3, 2026)

At Harvard, FECS will be offered as a reading group by HBS Professor Peter Tufano, who is the lead convener of FECS and a member of the core teaching group.   The reading group will meet on Tuesdays from 11:00 am to 1:00 pm+, at the Harvard Kennedy School at the Salata Institute Conference Room on the 3.5^th Floor in the Belfer Building.   The reading group will run from Feb 3 through April 28 (see the full course calendar on this website).  After three introductory sessions that cover the basics of climate science and climate economics, the course will dive into research that studies how climate issues are affecting financial disclosure, asset pricing, investment management, corporate finance, household finance, and financial institutions. In each class, we will cover 4-5 papers, both in terms of content and methodology.  In some classes, Professor Tufano will deliver the lectures in person; in others, he and the class will convene in our HKS location while one of the other faculty will deliver the lecture in a synchronous fashion.  In both cases, there will be ample opportunities for interaction with the professors and other students.

For more information on the Harvard FECS reading group, contact Professor Tufano (ptufano@hbs.edu).   In the 2025-2026 academic year, the Harvard reading group is not a listed course, however students who join the group may be able to get academic credit if they can take it as part of an independent study option in their schools.  FECS is designed for doctoral students or other researchers with doctoral-level training in finance, economics, or accounting.  If there is student demand, Professor Tufano may offer additional sessions for students to present their research projects to classmates.   There will be a limit of 35 students.   Professor Tufano will consider local “cross-registrants” for this reading group.  If you have questions, contact Professor Tufano (ptufano@hbs.edu).

Financial Times Responsible Business Education Teaching Award 2023:

“Highly commended”

“FECS is one of the most important advancements in responsible business education. What is likely one of the most innovative and important aspects of this course is that it embodies the type of collective action needed to tackle climate change: all business schools benefit from a course to which many have contributed.”

Tima Bansal
Professor and Chair of the Board of UN PRIME (Principles for Responsible Management Education)

“With so many early career researchers eager to contribute to business and finance knowledge for climate and sustainability, yet so few doctoral programmes at scale to offer deep and specialised courses, the FECS model fills an important gap in business school education. As Vice-Chair of RRBM (Responsible Research in Business and Management), it is heartening to see this initiative to educate the next generation of researchers to tackle topics on which the world urgently needs good, evidence-based research.”

Jennifer Howard-Grenville
Cambridge Judge Business School

“The universal reaction we received from students and colleagues alike was that this course represents a global curriculum innovation to one of the most pressing global problems of our time.”

Stefan Reichelstein
Professor, University of Mannheim
and Stanford University
FECS Faculty Member

“What I particularly liked about the course was the high level of scientific expertise in the area of sustainability that was brought by economics and business professors. I learned a lot and also had the opportunity to network with PhD students across universities who are interested in the same research questions.”

Daniella Zipperer
Student, University of Mannheim

“The knowledge and guidance provided by this course have not only ignited my passion for research in climate and sustainable finance but have also equipped me with the skills and insights necessary for my upcoming third-year research. More importantly, this global course connected me with peer doctoral students across the globe who share my enthusiasm for addressing the pressing challenges of our time.”

Albert Wang
Student, University of Texas

To sign up as local coordinator, please complete this poll.  This link is only for faculty or lead researchers proposing to be local coordinators.   Individual participants sign up through through their local coordinators.

For additional questions, please contact Prof. Peter Tufano, Harvard Business School, at fecs@hbs.edu.