For instance, the ECB published results from its analysis of climate-related risks in September 2021, and the Bank of England published scenarios in June 2021 with results expected in the middle of 2022.10 The 2/6  BIS central bankers' speeches  Federal Reserve is actively learning from these early adopters.
Overcoming Challenges in Implementing Climate Scenario Analysis There are challenges to quantifying the effects of climate-related risks on the economy and the financial system. Climate scenario analysis faces the challenge of having to consider plausible but novel combinations of risks that are associated with substantial uncertainty.