{
  "tool_id": "art-76-climate-scenario-applicator",
  "note": "golden_hash empty until first `node golden-parity.test.mjs --update`.",
  "vectors": [
    {
      "name": "default-inputs",
      "policy_parameters": {},
      "output_payload": {
        "baseline_metric": 0,
        "stressed_metric": 0,
        "delta": 0,
        "delta_pct": 0,
        "metric": "stressed-PD",
        "delta_by_sector": [],
        "scenario_family": "NGFS-orderly",
        "scenario_label": "NGFS Net Zero 2050 (Orderly)",
        "horizon": 2030,
        "carbon_price_assumption": 130,
        "gdp_delta_at_horizon": -0.012,
        "transition_intensity": "HIGH",
        "reference": {
          "scenarios": "NGFS Climate Scenarios Phase V (long-term Nov 2024 / short-term 7 May 2025)",
          "ecb_guidance": "ECB climate stress-testing good practices (May 2026)",
          "reference_version": "NGFS-Phase-V-2025",
          "note": "Scenario paths are versioned reference data. PD sensitivities are proxy estimates — verify against current ECB NGFS documentation. Carbon prices in USD/tCO₂e (NGFS Phase V); convert to EUR for EU-denominated portfolios."
        },
        "note": "DECISION-SUPPORT DRAFT — not a supervisory filing. Transition PD sensitivities are sector-level proxies; counterparty-specific analysis required for production use. Verify NGFS Phase V scenario data at ngfs.net. ECB good practices (May 2026) may prescribe different sector mappings."
      },
      "golden_hash": "7f2facd86932a16b37cebed3b84fadd024e2f5a1799388ee1ed294b976fe4992"
    }
  ]
}