National COVID debts: climate change imperils countries’ ability to repay

Aug 1, 2023

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.

Publication details
Theme(s)
Net zero & sustainable development
Type(s)
Comment
Author(s)
Hepburn, Cameron Wetzer, Thom
Year(s)
2021
Nature

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