Climate change mitigation scenarios for financial sector target setting and alignment
assessment
A stocktake and analysis of their Paris-consistency, practicality and assumptions
Climate change mitigation scenarios are a key forward-looking input for a range of
financial sector analyses and assessments. The inaccurate use of mitigation scenarios
can, however, contribute to unintended incentives, environmental integrity concerns,
and greenwashing risks. This paper aims to inform climate change mitigation scenario
providers, financial sector participants and stakeholders, and climate policymakers
on how they may contribute to improved use of scenarios for the purposes of target
setting and alignment assessments in the financial sector. To do so, the paper analyses
climate change mitigation scenarios currently used for these purposes, based on the
following analytical dimensions: consistency with the Paris Agreement, practicality,
and underlying assumptions.
Available from September 28, 2023
In series:OECD Environment Working Papersview more titles