The event was hosted by Dr Vincent Rich, Head of the Department of Economics and Quantitative Methods at Westminster Business School, and attended by our students on the Development Management MA, International Economic Policy and Analysis MSc and MA and Business Economics BSc degrees, along with their course leaders on Wednesday 21 January.
According to Alexis Raichoudhury, the ICCF fund has the dual purpose of addressing international development and mitigating the effects of climate change. The fund has a budget of £3.87bn over a five-year period and is expected to get further funding in the future.
Alexis shared her personal experience of how the ICCF has helped with mitigation and adaptation to climate change. She talked about the challenge of mobilising private sector finance for investment in green technologies, and discussed a number of bilateral projects that the ICCF was working on, including the £98m Green Africa Power project in sub-Saharan Africa.
At the end of the session, Alexis highlighted the fact that most of what government economists do is applied microeconomics. She told students that the ability to articulate economic ideas to non-specialists was a key skill for an economist. Vincent Rich, who's also a GES assessor, reinforced the importance of policy evaluation and appraisal, where cost benefit analysis formed the basis of impact assessments.
Other economist roles that were emphasised were writing evidence papers, managing external projects and providing economic support to ministers.