The Network for Greening the Financial System (NGFS) is a network of 114 central banks and financial supervisors[1][2] that aims to accelerate the scaling up of green finance and develop recommendations for central banks' role for climate change.

Its current chair is Ravi Menon, Managing Director of the Monetary Authority of Singapore.

[8] The NGFS work is currently organised around 4 workstreams (WS) and 2 task forces (TF): In June 2020, the NGFS presented its climate scenarios as a common baseline for analysing climate risks to the economy and the financial system.

The scenarios are based on the three integrated assessment models REMIND-MAgPIE (Potsdam Institute for Climate Impact Research), GCAM (University of Maryland) and MESSAGEix-GLOBIOM (International Institute for Applied Systems Analysis).

Their results were fed into the NiGEM model (National Institute of Economic and Social Research) to conduct further macroeconomic analyses on inflation or unemployment.