In Mexico, at the Committee of Sustainable Finance (CFS), we decided in the first half of 2022 to use four scenarios from the NGFS. The Committee also approved a fifth asymmetric non-NGFS climate scenario. These analyses will allow authorities and financial and non-financial companies to know the challenges and opportunities associated with different transition paths.
The NGFS recently started some work on Biodiversity/Nature Scenario Analysis. Banco de México and Banque de France are co-leading this effort. Learning more about the importance of ecosystems and sharing all this knowledge with decision-makers and policymakers is necessary. Exposure to biodiversity loss must be assessed, and actors should understand the systemic impact of biodiversity loss on the real economy.