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Moritz Kraemer Discusses Climate-Driven Credit Rating Downgrades at CNBC

Moritz Kraemer, Senior Advisor to the Debt Relief for a Green and Inclusive Recovery Project and contributor to our report, highlighted that “the vast majority of sovereigns will suffer from climate change in a way that their ratings will be cut.”

Moritz Kraemer, Senior Advisor to the Debt Relief for a Green and Inclusive Recovery Project and contributor to our report, highlighted that “the vast majority of sovereigns will suffer from climate change in a way that their ratings will be cut.”

In his contribution, the Country Risk Chief Economist emphasized that, on the other hand, “climate policies that can successfully arrest global warming, would be, in the long term, a strong boost to sovereign creditworthiness.”

These findings support the DRGR’s call for debt relief to provide fiscal space for investment in climate adaptation and green economic recovery strategies.

Watch the interview here.

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