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The Macroeconomic and Financial Stability Impacts of ...
gaps? How can climate factors be integrated into standard macroeconomic monetary models? Q7: What are the short- to medium-term macroeconomic effects of the transition to a low-carbon economy? Q8: What are the longer-term structural effects of global warming on productivity, potential output, and economic growth?
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Climate Scenarios Database
www.ngfs.netExplorer provided by IIASA. The other dataset covers the physical impact data collected by the InterSectoral - Impact Model Intercomparison Project (ISIMIP). These datasets are generated with a suite of models including integrated assessment models, general circula tion models, sectoral impact models and global macroeconomic damage functions.
NGFS Occasional Paper
www.ngfs.netawareness about climate-related risks among central banks and supervisors and in the financial community at large. Indeed, after acknowledging that climate change is a challenge with several economic dimensions and, in consequence, is a source of financial risks and a driver of economic developments (with impacts on growth and prices), central
Climate-related litigation: Raising awareness about a ...
www.ngfs.netof law or fact relating to climate change mitigation, adaptation, or the science of climate change”. 6 Breaking the Tragedy of the Horizon – climate change and financial stability, speech given by Mark Carney at Lloyd’s of London, 29 September 2015. turning to the courts to sue States, governmental
NGFS Glasgow Declaration
www.ngfs.netCommitted to Action ... (COP26), we reiterate our willingness to contribute to the global response required to meet the objectives of the Paris Agreement, and, to that end, we will expand and strengthen our collective efforts towards greening the financial system. ... or plan to do so soon. Taken together, these clearly demonstrate ...
Scenarios in Action A progress report on global ...
www.ngfs.netthis report takes stock of the current state of play, setting out methodological and design choices and challenges. For the purposes of this report, 31 NGFS members across six continents volunteered to share information by way of a survey of their completed, in progress, or planned climate scenario analysis. To date, four of these exercises
Guide to climate scenario analysis for central banks and ...
www.ngfs.netThis Guide is intended to evolve over time as experience using scenarios to assess climate risks grows. For the next phase of the Guide, the NGFS will leverage further insights from the practical experiences of central banks and supervisors as an increasing number …
Guide on climate-related disclosure for central banks
www.ngfs.netclimate-related materiality into processes and decision making at their institution. The guide recommends that central banks disclose how governance structures for monetary policy, asset management, financial stability, and internal operations encompass climate-related risks and opportunities. Disclosures could cover the specific involvement and
Overview of Environmental Risk Analysis by Financial ...
www.ngfs.netenvironment-related and climate-related risks) and for assessing the financial implications of these risks in a forward looking manner, including via stress testing and scenario analysis. We hope that the methodologies presented in these documents will
Guide for Supervisors Integrating climate-related and ...
www.ngfs.netto address climate-related and environmental risks. Addressing climate-related and environmental risks requires the boards of supervisory authorities and central banks to incorporate their relevance into their mandates and develop a strategy on integrating these risks in their work. The far-reaching impact in breadth
NGFS Climate Scenarios for central banks and supervisors
www.ngfs.netCumulative GDP impact from transition risk Cumulative GDP impact from physical risk-10-8-6-4-2 0 2030 2100 Source: IIASA NGFS Scenarios Portal, marker models. 2050 Cumulative GDP impact from transition risk Per cent GDP Orderly Disorderly-25-20-15-10-5 0 Per cent GDP 2030 Source: PIK calculations based on literature damage estimates. Range ...
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