Most governments’ astronomical borrowing during the current pandemic pays scant attention to the effects that climate change could have on their ability to repay the debt. Here we present an analysis of countries’ sovereign debt issued in 2020, showing that the vast majority of nations did not disclose the ways in which global warming might alter their credit-worthiness.
National COVID debts: climate change imperils countries’ ability to repay
Publication details
Theme(s)
Net zero & sustainable development
Net zero & sustainable development
Type(s)
Comment
Comment
Author(s)
Hepburn, Cameron Wetzer, Thom
Hepburn, Cameron Wetzer, Thom
Year(s)
2021
2021
Nature
Latest news
Findings from Scope 3 workshops hosted by Oxford Net Zero and Grantham Institute at Imperial College London published
The Science Based Targets Initiative (SBTi) is the largest validator of corporate net-zero targets, representing nearly 40% of the global economy by market capitalisation, through assessment against its Corporate Net Zero Standard. In April ... Read more
Job openings: three new post-doc roles researching net zero aviation (now closed)
The School of Geography and the Environment and the Department of Earth Sciences are recruiting three Post-doctoral Research Associates (PDRAs) to form a cohort of researchers working on net zero aviation. The roles are: Post-Doctoral ... Read more
Oxford Net Zero report assesses the voluntary standards landscape
Oxford Net Zero’s Engagement Team have released a new report today, comprehensively assessing guidance for net zero across 37 different guidance documents, disclosure instruments and assessment frameworks. The team developed more than sixty ... Read more
See more news and events