HomeAfricaColumbia University MS in Climate Finance: Applications Now Open for a Fully Funded Master’s Program Scholarship

Columbia University MS in Climate Finance: Applications Now Open for a Fully Funded Master’s Program Scholarship

Applications are now open for fully funded master’s programs — including Columbia University’s Master of Science (MS) in Climate Finance. Columbia has launched Year 2 of this pioneering one-year program that bridges climate science, finance, and policy to prepare the next generation of climate-finance leaders. Students gain practical skills, engage with global experts, and study in New York City, home to major financial institutions and the United Nations.

The MS in Climate Finance is offered by the Columbia Climate School in close collaboration with the Columbia Business School, combining scientific rigor with world-class financial training.

A Fully Funded Pathway for Climate-Finance Professionals

Columbia University offers competitive funding opportunities, including the Stanley Park Climate Finance Scholarships, designed for students committed to public or nonprofit leadership. The scholarships prioritize applicants from emerging and developing economies, expanding access to high-quality climate-finance education.

Program Overview

The 39-credit, one-year MS in Climate Finance provides a comprehensive foundation in climate science, climate risk, sustainable finance, sovereign finance, investment principles, climate policy, and resilience financing. The program is ideal for finance professionals, climate practitioners, and newcomers seeking to enter the field with purpose.

Students study in New York City, a global center for finance, diplomacy, sustainability, and innovation, and interact regularly with practitioners from financial institutions, development organizations, and climate-focused industries.

Program Features

Students receive interdisciplinary training in:

  • Climate science, climate variability, and climate impacts

  • Adaptation and mitigation strategies

  • Corporate finance, asset valuation, capital markets, and investment analysis

  • Energy transition finance, project finance, and infrastructure financing

  • Climate-risk assessment, disclosure frameworks, and scenario planning

  • International climate finance, sovereign finance, and global climate-funding mechanisms

  • Nature finance, impact investing, and climate-tech finance

This integrated approach prepares graduates to mobilize capital, assess climate risks, and implement financial strategies that support climate mitigation and adaptation worldwide.

Program Leadership

Lisa Sachs, Associate Professor of Professional Practice; Director, Columbia Center on Sustainable Investment; Director, MS in Climate Finance

Curriculum Overview

The curriculum enables students to:

  • Understand the science of climate change and its economic, social, and environmental impacts

  • Translate climate research and data into financial and business decision-making

  • Assess climate-related risks and opportunities across sectors

  • Apply financial tools to support the energy transition and resilience investments

  • Evaluate investor strategies for climate solutions in a carbon-constrained global economy

  • Navigate emerging technologies, global climate policy, and sustainable finance frameworks

Selected Core Courses

Climate Change Mitigation
A survey of technologies, policies, and market structures that reduce greenhouse gas emissions, with case studies from diverse economies.

Climate Change Adaptation
An interdisciplinary examination of climate resilience, global vulnerabilities, and governance strategies for adaptation.

Dynamics of Climate Variability and Change
A science-based course connecting climate mechanisms to societal impacts and emphasizing the communication of climate data.

Foundations of Valuation
Training in financial instruments, valuation methods, present value formulas, CAPM, options pricing, and financial modeling.

Corporate Finance
Enterprise valuation, capital structure, free cash flows, discounted cash flow analysis, and case-based financial decision-making.

Capital Markets and Investments
Asset valuation, portfolio theory, arbitrage, market efficiency, and analysis of investment vehicles.

Climate Finance
Exploration of renewable energy finance, carbon markets, climate technology financing, ESG investing, and climate-related fixed-income products.

Climate Risk
Physical, market, policy, and technological risks, financial stress testing, disclosures, and corporate scenario planning.

International Climate Finance
Examination of global climate funds, development banks, sovereign finance, and investment flows in developing and developed economies.

Practical Experience

During the final semester, students complete a capstone workshop or internship with institutions in finance, policy, development, sustainability, or climate technology. This practical experience strengthens professional readiness and deepens applied learning.

Professional Pathways

Graduates pursue careers in:

  • Banking and financial institutions

  • Asset management and investment firms

  • Consulting and advisory services

  • Climate-tech and sustainability innovation

  • Multilateral development banks and UN agencies

  • Government ministries of finance, environment, or planning

  • Non-governmental and mission-driven organizations

As global climate finance expands, graduates play critical roles in evaluating climate risks, mobilizing capital, shaping policy, and driving investment toward climate solutions.

The Climate School’s career management team provides tailored guidance, networking opportunities, and industry connections from enrollment through employment.

Student Experience and Community

Students join a global network of alumni working across sustainable finance, development, policy, and climate innovation. The program offers opportunities to participate in events, research, industry workshops, climate-finance discussions, and collaborations across Columbia University and partner institutions.

How to Apply

Applicants should demonstrate strong analytical ability, leadership potential, and a commitment to climate and finance.

Apply here: https://www.climate.columbia.edu/ms-climate-finance
Information sessions will be announced soon.

How to Apply to Columbia Climate School

Deadlines

The Fall 2026 application is now live. Submit your application to be considered for admission to our master’s programs beginning in Fall 2026.

MA in Climate & Society, MS in Climate and MS in Climate Finance

Priority application deadline: January 15, 2026
Final application deadline: March 1, 2026

To be considered for merit scholarships, submit your application by the priority deadline date. Applications submitted by the priority deadline will receive a decision by the end of March. Applications received after the priority deadline will be reviewed on a rolling basis.

General Requirements 

  • Applicants to the Columbia Climate School graduate programs must hold the equivalent of a four-year U.S. bachelor’s degree from an accredited institution prior to matriculation.
  • We also expect that applicants will have some previous training (via coursework or professional experience) in the natural and/or social sciences related to your area of interest.

Application Materials 

The application requires the following:

  • Statement of Purpose
  • Transcripts
  • CV/Resume
  • Quantitative Resume (only required for the MS in Climate Finance)
  • Two letters of recommendation (one must be from academic recommenders)
  • TOEFL, IELTS, or Duolingo scores for international students
  • Application Fee

Prerequisites 

All areas of study within the MS in Climate and the MS in Climate Finance typically have at least one college-level semester each of calculus and statistics.

Apply Now
Columbia Climate School Application Tips and Strategies Online Session – Fall 2025 Entry

 

 

Stanley Park Climate Finance Scholarships

About

Financial markets represent one of the most powerful ways to drive public and private action on climate. To meet the Paris Agreement climate targets, climate investments need to increase rapidly and decisively in the coming years. Though public and private finance almost doubled between 2011 and 2020, a vastly larger scale of climate investment must be activated. There is an urgent need for highly trained professionals, in governments, intergovernmental organizations, and financial institutions, who can design and implement creative new methods for large-scale climate finance. The Stanley Park Climate Finance Scholarships aims to cultivate a new generation of professionals equipped to integrate expertise in climate and finance to address the climate crisis. This scholarship will fully cover tuition for three students enrolling in the inaugural cohort of the MS in Climate Finance program.

Eligibility

The Stanley Park Climate Finance Scholarships are open to incoming full-time students in the Master of Science in Climate Finance program with demonstrated financial need and who are not supported by their workplaces, thereby increasing access to students with an intention of contributing to the public and non-profit sectors, and in particular those from countries with emerging and developing economies. These students are also expected to enrich and diversify perspectives within the group, with positive impacts for the entire cohort.

Scholarship recipients will demonstrate their commitment to addressing the structural aspects of global climate finance, to address the barriers and increase financing in critical geographies and for critical technologies. The ideal candidates will show a deep interest in addressing the distortions of climate finance and promoting solutions to substantially increase climate investments. Competitive candidates will have a strong academic track record and can effectively communicate how their goals are in alignment with Columbia Climate School’s mission.

Application Procedures & Deadlines

The Stanley Park Climate Finance Scholarships will be awarded through a competitive application process. For applicants who are semi-finalists, the process will include a mandatory interview.

To apply, please complete the admission application, by the January 15 priority deadline. Candidates who submit the admission application by the priority deadline will be given access to the separate Stanley Park Climate Finance Scholarship application, which consists of a maximum 500-word statement of interest, financial information, and other optional supporting materials.

The statement of purpose prompt is:

Please write a statement of purpose of 500 words or fewer addressing the following:

Describe the specific work you aim to accomplish in the field of climate finance. In your response, highlight your strategies for addressing the unique financial challenges and opportunities faced by developing and emerging economies and how the Master of Science in Climate Finance will help you achieve those objectives.

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