Moritz Kraemer discusses climate-driven credit rating downgrades
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.”