Study: Climate crisis increases cost of public debt

Climate change will increase the cost of sovereign and corporate debt and lower sovereign credit ratings. That is the conclusion of a recent study by researchers at the University of East Anglia (UEA) and the University of Cambridge. „Early investment in climate change mitigation and adaptation“ would improve the sustainability of public budgets, concludes the research, which the authors claim is the first to examine the correlation between climate change and credit ratings.