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
Bloomberg, Bloomberg Green, Business Green, Business Standard, China Daily, CNBC, Eastern Daily Press, Euro Intelligence, Financial Times, Finansavisen, Forbes Middle East, Gulf Today, India Times, Mail and Guardian, Mail Online, Malaysiakini, Money Time, Mural, NY Times, Politico, Reuters, Reuters, SABC News, South China Morning Post, The Business Times, The Forum, The Guardian, The Guardian, The Hill, The Jerusalam Post, The Straits Times, The Telegraph, The Telegraph, The Times, TRT World, University of Cambridge, U.S. News & World, VoxEU, World Economic Forum, Yahoo!Finance.
Read more about the study:
- Working paper: Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness
- News release: First ‘climate smart’ sovereign credit ratings suggest global warming downgrades as early as 2030
- Blog: Rising Temperatures, Melting Ratings
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)