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Home News ACPR Main scenarios and assumptions of the climate pilot exercise

ACPR Main scenarios and assumptions of the climate pilot exercise

16 February 2021NewsMarrakech Pledge

On May 2020, French Prudential Supervision and Resolution Authority (ACPR) launched the climate pilot exercise which intend to measure the physical and transitional risks to which the French banking and insurance establishments are exposed by 2050.

On July 2020, ACPR published a report which presents the scenarios and the main assumptions used for the climate pilot exercise. It takes into account in particular: the macroeconomic projections of the Eurosystem which provide a first measure of the impact of the health crisis and which affect the start of the pilot exercise; the transition scenarios published on June 24, 2020, by the NGFS and responses to the public consultation.

The main objectives of the pilot exercise are:

  • Raising financial institutions’ awareness on the climate change risk
  • An assessment of both the vulnerabilities of institutions and the costs induced by non-compliance with the Paris Agreement
  • To develop and improve the institutions’ capacity to integrate the climate risk in their financial risks’ measurement, assessment and day-to-day management

Read more: https://acpr.banque-france.fr/en/scenarios-and-main-assumptions-acpr-pilot-climate-exercise

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The « Marrakech Pledge » for « Fostering Green Capital Markets in Africa » is a commitment by all African Capital Markets Regulators and Exchanges to act collectively in favor of sustainable development by enabling the establishment of Green Capital Markets in Africa with the aims to promote Africa as a prominent regional green financial marketplace and an attractive destination for green and climate-resilient investments.

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