SURVEY CONSULTATION ON THE NGFS DIRECTORY

SURVEY CONSULTATION ON THE NGFS DIRECTORY  

Workstream on Bridging the Data Gaps

Today, the NGFS is launching a public consultation on its repository of climate data needs and available sources. The repository is intended as a directory of available climate data based on specific needs and stakeholders use cases highlighted in the Progress report on bridging data gaps published in May 2021. As such, the directory is a useful tool for financial sector stakeholders to identify important climate data sources, but it does not offer direct access to actual climate data. Importantly, by linking climate data needs and some available sources, the directory allows to identify data gaps in a systematic way.

After taking stock of existing climate data needs and sources, the NGFS has identified six stakeholder categories and six main use cases, along with metrics and raw data items that have been recorded in a three-layered directory. Since then, the NGFS has focused its work on enhancing its directory, taking onboard suggestions and comments received after an outreach to methodologies providers, as well as designing a user-friendly web interface.

The consultation launched today is a crucial step to finalize the directory by seeking feedback from the data users and providers on (i) the format and functionalities of the current directory web interface (a prototype at this stage); and (ii) the contents of the directory with respect to climate data sources, including by pointing out potential data gaps and sources that have not been identified so far.

Looking ahead, the NGFS seeks to build on this directory to propose practical solutions and policy recommendations to bridge the climate data gaps and maximize the availability of climate data for the financial sector.

This public consultation seeks feedback on the directory web interface through this short questionnaire. Answers to the questionnaire are expected until May 6, 2022, COB.