RFF-CMCC EIEE Webinar-Seminar

Title: Developing scenarios for assessing the macrofinancial implications of nature loss and measures to reverse it

Speaker: Romain Svartzman (Bocconi University)

Abstract: This presentation will focus on the recent NGFS report “Recommendations toward the development of scenarios for assessing nature-related economic and financial risks”, co-coordinated by Romain Svartzman. The presentation will provide a brief overview of why central banks and supervisors came to care about “nature loss”, before delving into the need for tailored scenarios and the challenges related to developing them. In particular, it will focus on the challenges and potential ways forward related to: (i) developing narratives through which different hazards (i.e. potential sources of physical and transition risks) can be identified; and (ii) exploring methods and tools (e.g., models and data needs) through which the economic (and ultimately financial) impacts of these hazards and the ability to mitigate them can be assessed.

 

Hybrid event for EIEE members only.