Climate change affects sovereign credit rating
March 26, 2021 09:40 Source: "China Social Sciences", March 26, 2021, Issue 2134 Author:

This newspaper comprehensive foreign media reports reported that the official website of the University of Cambridge recently published a message,Research revealing that climate change can affect the sovereign credit rating。This research uses a new algorithm reflecting the economic impact of climate change for prediction,Results show,Unless it takes action to reduce emissions,Otherwise, the sovereign rating of many bet365 live casino games countries may face the downgrade。

Sovereign rating Evaluation National credibility is a key indicator for reference when investors make decisions。A research team composed of economists led by the University of Cambridge,The artificial intelligence algorithm is used to simulate the next 10 years、30 years and 50 years and the end of the 21st century on the impact of climate change on 108 national standards。Researchers proposed,The rating agency has not foreseen the 2008 financial crisis,Current,The rating agency must actively reflect the economic impact of climate change that may bring。

Bet365 app download Cambridge University Bente Public Public Policy Research Institute Environmental Economist Matthew Agarwala said,Research expects,Environment、Social and corporate governance rating market will exceed $ 1 billion in 2021,But the market seriously lacks the theoretical support of climate science。With climate change, the economy of various countries,debt situation will become more severe,The cost of repayment will also be higher。The market needs information about how to transform climate change into substantial economic risks.。Research through bet365 live casino games related indicators of climate science and financial systems,Evaluate climate risk without damage to scientific trust and economic effectiveness。

Research indicates,When the temperature rises by 2 ° C,Comply with the Paris Agreement will not have a short -term effect on sovereign credit rating,At the same time, the long -term impact can be minimized。But,If it is not implemented, it is not implemented with emission reduction measures,to the end of the 21st century,There will be dozens of sovereign bet365 live casino games countries may face the lowering of sovereign credit rating。

(Zhao Yuan/Compilation)

bet365 live casino games Editor in charge: Cui Cen
QR code icons 2.jpg
Key recommendation
The latest article
Graphics
bet365 live casino games

Friendship link: The official website of the Chinese Academy of Social Sciences |

Website filing number: Jinggong.com Anmi 11010502030146 Ministry of Industry and Information Technology: Beijing ICP No. 11013869

All rights reserved by China Social Sciences Magazine shall not be reprinted and used without permission

General Editor Email: zzszbj@126.com This website contact information: 010-85886809 Address: 11-12, Building 1, Building 1, No. 15, Guanghua Road, Chaoyang District, Beijing: 100026