On 7 November 2025, the Network for Greening the Financial System (NGFS) published a series of explanatory notes aimed at improving the clarity and usability of its long-term climate scenarios.  The notes provide detailed analyses of three NGFS scenarios: NetZero 2050 Scenario, the Current Policies Scenario, the Fragmented World Scenario which go beyond the high-level results presented in the Phase V presentation deck released in November 2024 and offer users a closer look at individual scenario outcomes. There is also an overarching note on energy investments across various scenarios which provides further insights, helping users better understand and apply the NGFS long-term scenarios in their work.