Archive

  • Users may need to tweak our climate scenarios, says NGFS

    24 January 2024

    Users of models to project the impacts of climate "should determine and be prepared to justify" which scenarios best suit their needs, the Network for Greening the Financial System (NGFS) has said.

  • People Moves, 19 January: Finnfund, Palatine, HSBC, Barclays ... and more

    19 January 2024
  • German central bank's Mauderer to lead NGFS

    16 January 2024
  • Bank of Japan warns of climate risk 'spillover' across industries from rise in carbon prices

    22 December 2023

    Climate transition risks spurred by rising carbon prices could have damaging and widespread "spillover" effects across the Japanese economy - including to regional banks not substantially exposed to the worst-hit sectors, the Japanese central bank has warned.

  • NGFS adds 'too little, too late' climate scenario, drops 1.5°C model

    07 November 2023

    The Central Banks and Supervisors Network for Greening the Financial System (NGFS) has updated its climate scenarios, adding one in which warming hits 2.3°C due to countries with net zero targets not taking sufficient action and dropping a 1.5°C-aligned model.

  • What next for climate scenarios? Part two

    16 October 2023

    How will the next generation of climate scenarios differ from the first, Michael Hurley asks

  • What next for climate scenarios?

    12 October 2023

    As criticisms grow of the first climate scenario models, what does the next generation need to look like, Michael Hurley asks

  • 'We are aware of the criticism': The NGFS on its next phase of scenarios

    09 October 2023

    The Network for Greening the Financial System is developing short-term climate scenarios and increased detail on sectoral impacts in response to feedback, Jean Boissinot and Martina Spaggiari tell Michael Hurley

  • NGFS unveils 'short-term' climate scenarios for prudential stress testing

    04 October 2023

    A group of central bankers has published a framework for modelling physical and transition climate-related risks over three-to-five years, to be used for prudential stress testing and to "enable financial actors to properly assess the resilience of the financial sector".

  • NGFS publishes guidance amid rise in climate-related litigation cases

    04 September 2023

    Network for Greening the Financial System (NGFS) has warned more climate-related litigation cases are on the horizon.