Last week we participated in the annual meeting of the Integrated Assessment Modeling Consortium (IAMC). This scientific meeting intended for peer sharing and vetting is open to researchers from organizations involved in integrated assessment modelling and their research collaborators.
The meeting is designed to allow researchers to share developments in methods, models and data and participants are expected to be able to freely discuss their work. Insights and modeling results from the IAMC community form an important input to the upcoming sixth assessment report of the Intergovernmental Panel on Climate Change (IPCC).
An important focus of the new report, expected in 2021*, will be on near-term transition scenarios and their implications on national and sector-level. Special attention is given to demand-side changes and social aspects of mitigation, as well as feasibility of deep mitigation pathways. Furthermore, the latest insights from climate models on the Earth’s response to increasing emissions will be reflected, which includes feedbacks and irreversible change, and linking global to regional climate change, including climate-related extreme events.
Linda Knoester (Climate & ESG Solutions, Ortec Finance) and Dóra Fazekas (Cambridge Econometrics) gave a poster presentation on our joint climate scenario solution Climate MAPS and how our approach compares to the reference scenarios of the NGFS (Network of Central Banks and Supervisors for Greening the Financial Sector).
Download the poster here
Patrick Tuijp (Scenario & Asset Valuation, OF) and Bence Kiss-Dobronyu (Cambridge Econometrics) presented our work with Cambridge Econometrics on COVID-19 scenarios for the financial sector.
* The WGI (physical science basis) report is expected in April 2021, the WGII report (mitigation of climate change) is expected in September 2021, and the WGII report (Impacts, adaptation and vulnerability) in October 2021. The Synthesis Report is due to be finalized in the first half of 2022in time for the 2023 Global Stocktake by the UNFCCC.