NGFS Climate Scenarios
- Initial Release:04.2020
- Institution(s):Network for Greening the Financial System in collaboration with Potsdam Institute for Climate Impact Research (PIK), International Institute for Applied Systems Analysis (IIASA), University of Maryland (UMD), Climate Analytics (CA), the Swiss Federal Institute of Technology in Zurich (ETHZ) and the National Institute of Economic and Social Research (NIESR). Sponsored by Bloomberg Philanthropies and ClimateWorks Foundation.
The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) partnered with an expert group of climate scientists and economists to design a set of hypothetical scenarios. They provide a common reference point for understanding how climate change (physical risk) and climate policy and technology trends (transition risk) could evolve in different futures. Each scenario was chosen to show a range of higher and lower risk outcomes.
The NGFS Scenarios have been developed to provide a common starting point for analysing climate risks to the economy and financial system. While developed primarily for use by central banks and supervisors they may also be useful to the broader private sector, government and academia.
The NGFS scenarios have recently been brought up to date, including by incorporating countries’ commitments to reach net-zero emissions, and have been enriched with an expanded set of macroeconomic variables, country-level granularity, and an online portal through which users can explore the physical risks from climate change.
Read the NGFS Climate Scenarios presentation with June 2021 updates