Experts say climate transition scenarios are useful, but less than perfect.

The World Business Council for Sustainable Development (WBCSD) has released a report that analyses the use of climate transition scenarios in climate strategies. The report is an outcome of a collaboration between WBCSD and PwC UK. According to the report investors, researchers, regulators and businesses use climate transition scenarios in strategic planning and adapt the use of a scenario to their specific goals. Depending on the focus, the models used may differ. However, there are limitations to the approach. The report argues, “the combination of the assumptions and inputs used for the quantification and modelling of scenarios are highly unlikely to replicate what will happen in reality; therefore, these models cannot and should not be used as if they are predictions of the future”.