Oxford Economics

_{Table: Comparisons between Oxford Economics’ and NGFS' scenarios}

_NGFS

_{Oxford Economics}

_{Orderly transition scenarios}

_{Net Zero 2050}

_{“Net Zero”}

_Equivalent

_{“Net Zero Transformation”}

_{More optimistic, assuming that the clean transition to net zero can prevent market failures.}

_{Below 2°C}

_{“Sustainable Development”}

_{Equivalent, envisioning that the policy burden will primarily affect advanced economies, countries with net zero pledges, and nations historically responsible for most global emissions.}

_{Disorderly transition scenario}

_{Delayed Transition}

_{“Delayed Transition”}

_Equivalent

_{Insufficient scenario}

_{Fragmented World}

_--

_{No transition scenarios}

_NDC

_{“Baseline”}

_Equivalent

_{Current Policies}

_{“Climate Catastrophe”}

_{More pessimistic, assuming that governments fail to meet their policy pledges, resulting in higher emissions and a negatively affected gross domestic product (GDP; slow and partly negative development).}

_--

_{“Energy Disorder”}

_{Assuming that countries would move their focus on energy security, more nations became reliant on fossil fuels available within their own borders and hence, the GHG concentration increased.}