Enthusiasm for ‘greening the financial system’ is welcome, but does the explosion of ‘green’ finance indicators reflect the science? This column reports research that uses artificial intelligence to construct the world’s first ‘climate smart’ sovereign credit rating. The results warn of climate-driven downgrades as early as 2030.
This blogpost is written by Dr Kamiar Mohaddes, University Senior Lecturer in Economics & Policy at Cambridge Judge Business School, with co-authors Patrycja Klusak, Matthew Agarwala, Matt Burke and Moritz Kraemer.
Read the blogpost [voxeu.org]