The Network for Greening the Financial System (NGFS) is a group of 66 central banks and supervisors and 13 observers committed to sharing best practices, contributing to the development of climate and environment‑related risk management in the financial sector and mobilising mainstream finance to support the transition towards a sustainable economy.
The NGFS Climate Scenarios (the 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 financial, academic and corporate communities. This document provides an overview of the key transition risks, physical risks and economic impact of climate change.