Climate Smart Credit Ratings Would Cause Many Countries to be Downgraded by 2030

Climate Smart Credit Ratings Would Cause Many Countries to be Downgraded by 2030

A group of economists from Cambridge University using artificial intelligence to simulate the economic effects of climate change on the credit ratings of 108 countries over the coming decades, found that unless we reign in carbon emissions, 63 nations could have their credit downgraded by over a notch by 2030. 

Why This Matters:  This is why global climate action matters to all countries — even rich ones will have a hard time servicing their debts from the rising climate costs

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