"LONDON - A new algorithm-based study by a group of UK universities has predicted that 63 countries – roughly half the number rated by the likes of S&P Global, Moody’s and Fitch - could see their credit ratings cut because of climate change by 2030.
Researchers from Cambridge University, the University of East Anglia and London-based SOAS looked at a “realistic scenario” known as RCP 8.5, where carbon and other polluting emissions continue rising in coming decades.
They then looked at how the likely negative impact of rising temperatures, sea levels and other climate change effects on countries’ economies and finances might affect their credit ratings."
Source: Reuters, 03/19/2021
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