House of Lords Business
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Baroness Drake to ask His Majesty's Government, further to the answer by Baroness Vere of Norbiton on 25 January (HL Deb col 843), what assessment the Bank of England has made of the accuracy of the new Low Demand scenario and Fragmented world scenario published by the Network for Greening the Financial System, and whether these satisfactorily address what Baroness Vere of Norbiton referred to as "the challenges of the model ... [including the fact that] there is a higher number of independent transmission channels than previously thought and a lack of historical data", and the need to "anticipate a firm's reaction to climate change over the longer term".  HL2624

Question HL2624: tabled on 20 February 2024 and due for answer by 5 March 2024

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Question text

Baroness Drake to ask His Majesty's Government, further to the answer by Baroness Vere of Norbiton on 25 January (HL Deb col 843), what assessment the Bank of England has made of the accuracy of the new Low Demand scenario and Fragmented world scenario published by the Network for Greening the Financial System, and whether these satisfactorily address what Baroness Vere of Norbiton referred to as "the challenges of the model ... [including the fact that] there is a higher number of independent transmission channels than previously thought and a lack of historical data", and the need to "anticipate a firm's reaction to climate change over the longer term".  HL2624
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Baroness Drake
Labour
Life peer