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

Latest news

New Oxford Report: Carbon Capture and Storage Without Taxpayer Billions Is Possible
New Oxford Report: Carbon Capture and Storage Without Taxpayer Billions Is Possible

Oxford Net Zero and Carbon Balance researchers reveal the risks of the current UK CCS policy mix and explore how a carbon storage mandate on fossil fuel producers could help the UK meet its climate targets while protecting public finances A ... Read more

Oxford Net Zero partners with AXA XL on research in India, Mexico and Kenya
Oxford Net Zero partners with AXA XL on research in India, Mexico and Kenya

Oxford Net Zero is excited to announce that it is working with the insurance company AXA XL, the Institute for Science, Innovation and Society (InSIS), and the Smith School of Enterprise and the Environment to conduct research on private sector ... Read more

Finance, Fossil Fuels and $10 coffee: Reflections on COP29
Finance, Fossil Fuels and $10 coffee: Reflections on COP29

As we begin a new year, Oxford Net Zero looks back on the highs and lows of November's climate summit in Baku. In some ways, this COP was different. The venue was smaller than in previous years, which meant that attendees could have genuine ... Read more

See more news and events