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NGFS unveils second set of climate change scenarios

New scenarios use NiGEM macro model and take much more granular approach, officials say

capital-modelling

The Network for Greening the Financial Sector unveiled the second version of its scenarios that model climate change’s impact on global finance today (June 7).

NGFS chair Frank Elderson, a member of the European Central Bank’s governing council, and Bank of England official Sarah Breeden, presented the new scenarios. The NGFS officials said this represented a “huge step forward”.

They said the new approach incorporated a macroeconomic model, and had increased the number of reference scenarios

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