Steven Fries

Senior Associate Fellow

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Steven Fries is an economist with expertise in energy, climate change and finance. He was Group Chief Economist at Shell and Director of Analysis and Chief Economist at the UK Department of Energy and Climate Change. He also previously served in various roles at the European Bank for Reconstruction and Development, including Acting Chief Economist, Deputy Chief Economist and Director of Research. He began his career in economics at the International Monetary Fund.

His current research focuses on the economics of transforming energy systems, energy reforms to accelerate change and sustainable finance for long-run investments in low-carbon alternatives to present fossil fuel use. He is author of Transforming Energy Systems: Economics, Policies and Change (Elgar 2021). He also led economic analysis that underpinned pioneering UK energy and climate reforms and helped orient Shell’s strategy pivot towards low-carbon alternatives. He has also published widely on enterprise and financial reforms in Eastern Europe’s post-communist transition.

He has a DPhil in Economics from the University of Oxford and a BSc in Economics and Finance from the University of Pennsylvania’s Wharton School.