What are Climate scenarios?

Climate scenario analysis is a process to help organizations consider how the future might look if certain trends continue or certain conditions are met with respect to the climate.² Climate scenarios analysis is generally done by running simulations of plausible climate futures, based on a set of assumptions on the economy and its interaction with the climate. These simulations produce climate and economic outputs such as global GHG emissions, GDP and energy demand given specific assumptions.

¹ “Understanding Carbon Metrics”, J.P. Morgan (June 2023). 

² https://www.fsb-tcfd.org/recommendations/

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