Advancements in Nature-Related Risks and Climate-Nature Scenarios for Financial Decision-Making

The Potsdam Institute for Climate Impact Research (PIK), the European Central Bank (ECB) and NatureFinance have partnered to advance pioneering efforts to develop a new integrated climate-nature scenario framework. The project marks the initial and evolving efforts to develop integrated narratives of climate and natural scenarios and show their implications through a sophisticated modelling infrastructure that combines macroeconomic and biophysical models. It contributes to the nascent and emerging field of scenario development research to assess economic and financial risks related to climate and nature.