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 inf...

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Bibliographic Details
Main Author: Noels, Jolien
Other Authors: Pouille, Coline, Jachnik, Raphaël, Rocha, Marcia
Format: eBook
Language:English
Published: Paris OECD Publishing 2023
Series:OECD Environment Working Papers
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:89 p. 21 x 28cm