.png "Cambridge Econometrics’ E3ME mannequin referenced in up to date NGFS steering on local weather situation evaluation")
The second version of the NGFS ‘Information to local weather situation evaluation for central banks and supervisors’ displays the speedy progress in local weather situation evaluation that has been made within the final 5 years, together with modern modelling approaches that seize non-linear and compounding local weather impacts.
As an econometrically calibrated Built-in Evaluation Mannequin (IAM) E3ME’s local weather eventualities allow stakeholders within the finance sector to evaluate local weather associated threat at a excessive degree of granularity, representing a variety of financial sectors, international locations, applied sciences, coverage interventions and direct rules.
As a peer-reviewed macroeconomic mannequin developed in-house by our consultants over 25 years, we have fun E3ME’s recognition by the NGFS as a call useful gizmo for central banks and monetary establishments worldwide.
We’re additionally inspired by the inclusion of capturing non-linear and compounding local weather impacts for quantifying local weather induced monetary threat within the newest NGFS information. Specifically, the acknowledgement of the impacts that local weather tipping factors when reached could have on the monetary system. That is already changing into an more and more pertinent space for the finance sector as buyers navigate their threat publicity.
Phil Summerton
CEO
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