Abstract:
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.
Citation:
Arjuna Dibley, Thom Wetzer & Cameron Hepburn, 'National COVID debts: climate change imperils countries' ability to repay', Nature 592, 184-187 (2021), doi.org/10.1038/d41586-021-00871-w