Statement regarding physical risk estimates in Phase V of NGFS long-term scenarios

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Statement regarding physical risk estimates in Phase V of NGFS long-term scenarios

By Network for Greening the Financial System

The Network for Greening the Financial System (NGFS) has issued a statement regarding the retraction of the academic paper by Kotz et al. (2024), which served as the foundation for physical risk estimates in the Phase V long-term climate scenarios.

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