For example, what are the effects of tighter monetary policy on climate investments in industrialized economies and what does that mean for EMDEs? 4 Nature-related risks Our next frontier will be nature-related risks. As the Dasgupta report stated, naturerelated risks and biodiversity loss, in particular, could give rise to existential risks for humanity.
Nature-related risks include climate risks, of course, but they go far beyond. Hence, the NGFS has to widen its horizon as well and go far beyond climate. And it is impressive how much progress the NGFS has already made. At the same time, it was humbling to realize just how much more complex the issue is.