1 June 2021
Supervisory disclosure document

NGFS Climate Scenarios for central banks and supervisors

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.

In this second iteration, the NGFS scenarios have 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.