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Reuters: Global warming could cut over 60 countries’ credit ratings by 2030, study warns

A new study co-authored by Dr Kamiar Mohaddes, University Senior Lecturer in Economics & Policy at Cambridge Judge Business School, predicts “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.​” The study concludes: “Our results show that virtually all countries, whether rich or poor, hot or cold, will suffer downgrades if the current trajectory of carbon emissions is maintained.”

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