The Guardian: UK, US and others face credit rating fall over CO2 emissions – study

Sovereign debt downgrades in store for many nations unless they act on climate crisis, says a team of researchers including Dr Kamiar Mohaddes of Cambridge Judge Business School. The used artificial intelligence to simulate the economic effects of climate change on Standard and Poor’s ratings for 108 countries over the next ten, 30 and 50 years, and by the end of the century. It found “climate change had the potential to have a bigger impact on credit ratings than the Covid-19 pandemic.”

Read the full article [theguardian.com]