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Guide to climate scenario analysis for central banks and ...

Network for greening the Financial System Technical documentGuide to climate scenario analysisfor central banks and supervisorsJune 2020 NGFS REPORT1 climate change, and our response to it, will have a significant impact on economic and financial systems. The impacts will be far-reaching in breadth and in magnitude; subject to tipping points and irreversible changes; and are uncertain yet at the same time totally foreseeable. In particular, while we do not know now exactly what physical and transition risks will materialise, we do know for sure that we will face some combination of those risks. And, crucially, we also know that the size and balance of these future financial risks and economic costs will depend on the actions we take we act now, then we maximise our chances of achieving an orderly transition to a carbon neutral economy.

for Greening the Financial System. representing 5 continents. As of end-June 2020, the NGFS consists of The NGFS is a coalition of the willing. It is a voluntary, consensus-based forum whose purpose is to share best practices, contribute to the development of climate –and environment– related risk management in the financial sector

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