This workshop shall address some of the limitations in current modelling approach, with a focus on transition risks. The programme will be divided into two consecutive sessions: Session I focuses on scenario applications for evaluating transition risks for financial institutions and Session II is orientated around scenario calibration and modelling methodologies.
Contributions from: Gregor Semieniuk – UMASS;
Rick Van Der Ploeg – University of Oxford;
Edo Schets -Bank of England;
Stephane Dees – Banque de France;
Ulrich Volz – SOAS
Stefano Battiston – UZH
David Carlin – UNEP-FI
Maarten Vleeschhouwer -2 Degrees Investing Initiative
Christophe McGlade – IEA
Christoph Bertram – PIK
Massimo Tavoni – PoliMi), Alex Koberle (Imperial College London), James Edmonds (PNNL), Michael Grubb (UCL) and Jean-Francois Mercure (University of Exeter)
This workshop shall explore and address some of the limitations of current modelling approach’s for climate-related scenario analysis. This session focuses on modelling damages induced by extreme weather events.
This workshop shall explore and address some of the limitations of current modelling approach’s for climate-related scenario analysis. This session focuses on modelling the influence of physical risks for climate change on macroeconomic variables
Changes to our climate are unprecedented and so past data are a poor guide to the risks that may materialise in the future. The NGFS scenarios provide a framework to assess and manage the future financial and economic risks that changes to our climate might bring. They provide a coherent set of transition pathways, climate impact projections, and economic indicators at country-level, over a long time horizon and under varying assumptions. The NGFS scenarios provide a foundation for scenario analysis across many institutions, creating much-needed consistency and comparability of results.