NGFS Climate Scenarios for Central Banks and Supervisors

Indian use case

RBI is an NGFS member; the draft RBI Disclosure framework on Climate-related Financial Risks 2024 expects banks to use NGFS or comparable scenarios for stress-testing.

Key points

• Six narrative scenarios with global, regional and sectoral macro paths.
• Open IIASA + NiGEM data; downloadable transition risk and physical risk metrics.
• Used by RBI, EBA, BoE PRA and other supervisors for climate stress tests.

Sources

• NGFS Scenarios Portal