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Assessing the immediate climate financial risks in NGFS' short-term scenarios
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Assessing the immediate climate financial risks in NGFS' short-term scenarios
The imperative to quantify climate-related financial risks is no longer a long-term challenge but a near-term necessity. Climate change requires this quantification to be carried out in a forward-looking way using scenarios, which are crucial in investment decisions, risk management and regulatory measures. The short-term climate scenarios released by the Network for Greening the Financial System mark a significant advance in this effort.
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