Media coverage

Written on 18 Mar 2021

Sovereign debt downgrades in store for many nations unless they act on climate crisis

New study uses artificial intelligence to simulate first climate smart sovereign credit ratings.

As climate change batters national economies, debts will become harder and more expensive to service. Markets need credible, digestible information on how climate change translates into material risk,"

Dr Matthew Agarwala, Environmental Economist, Bennett Institute

Media coverage:

Bloomberg, Bloomberg Green, Business GreenBusiness Standard, China Daily, CNBC, Eastern Daily Press, Euro IntelligenceFinancial TimesFinansavisenForbes Middle East, Gulf TodayIndia Times, Mail and GuardianMail OnlineMalaysiakiniMoney Time, Mural, NY TimesPoliticoReuters, ReutersSABC News, South China Morning PostThe Business Times, The ForumThe Guardian, The GuardianThe Hill, The Jerusalam PostThe Straits TimesThe Telegraph, The TelegraphThe Times, TRT WorldUniversity of Cambridge, U.S. News & World, VoxEU, World Economic ForumYahoo!Finance. 

Read more about the study:

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This research is supported by LetterOne and by the International Network for Sustainable Financial Policy Insights, Research and Exchange (INSPIRE). INSPIRE is a global research stakeholder of the Network for Greening the Financial System (NGFS); it is philanthropically funded through the ClimateWorks Foundation and co-hosted by ClimateWorks and the Grantham Research Institute on Climate Change and the Environment at the London School of Economics.

Image credit: NASA/Kathryn Hansen (CC BY 2.0)