Climate Scenario Analysis: Updated Scenarios and Latest Guidance From the NGFS

In this webcast, Theresa Löber, Head of Climate Hub at Bank of England, will be talking to us about the recently published second vintage of climate scenarios for forward looking climate risks assessment from the NGFS.

The NGFS scenarios have been brought up to date by incorporating countries’ commitments to reach net-zero emissions, whilst also being enriched with an expanded set of macroeconomic variables and additional country and sector-level granularity.

Theresa spoke to us about the first round of scenarios in a webcast back in July of last year, so we are pleased to welcome her back for a timely update to this critical component of climate risk management.

This session will cover:

• How the updated scenarios build on Phase I. This includes new country-level data, macro modelling, updates with latest policy ambitions/net-zero commitments and more
• Details on the transition risks, physical risks and macro impacts
• How the scenarios are currently being used & where to go next

Speakers

Theresa Löber, Head of Climate Hub, Bank of England

Christoph Bertram, International Climate Policy Lead, Potsdam Institute for Climate Impact Research

Jo Paisley. Co-President, GARP Risk Institute