Projects: SCENARIOS
NGFS seeks public feedback on climate scenarios
The exposure of financial institutions to risks from a transition to a low-carbon economy
This workshop shall address some of the limitations in current modelling approach, with a focus on transition risks. The programme will be divided into two consecutive sessions: Session I focuses on scenario applications for evaluating transition risks for financial institutions and Session II is orientated around scenario calibration and modelling methodologies.
Contributions from: Gregor Semieniuk – UMASS;
Rick Van Der Ploeg – University of Oxford;
Edo Schets -Bank of England;
Stephane Dees – Banque de France;
Ulrich Volz – SOAS
Stefano Battiston – UZH
David Carlin – UNEP-FI
Maarten Vleeschhouwer -2 Degrees Investing Initiative
Christophe McGlade – IEA
Christoph Bertram – PIK
Massimo Tavoni – PoliMi), Alex Koberle (Imperial College London), James Edmonds (PNNL), Michael Grubb (UCL) and Jean-Francois Mercure (University of Exeter)
The exposure of financial institutions to physical risks: “Damages induced by extreme weather events
This workshop shall explore and address some of the limitations of current modelling approach’s for climate-related scenario analysis. This session focuses on modelling damages induced by extreme weather events.
The exposure of financial institutions to physical risks: “Macro-economic Damages”
This workshop shall explore and address some of the limitations of current modelling approach’s for climate-related scenario analysis. This session focuses on modelling the influence of physical risks for climate change on macroeconomic variables
NGFS Scenarios Portal
Changes to our climate are unprecedented and so past data are a poor guide to the risks that may materialise in the future. The NGFS scenarios provide a framework to assess and manage the future financial and economic risks that changes to our climate might bring. They provide a coherent set of transition pathways, climate impact projections, and economic indicators at country-level, over a long time horizon and under varying assumptions. The NGFS scenarios provide a foundation for scenario analysis across many institutions, creating much-needed consistency and comparability of results.