The climate affects the government's debt repayment capability
April 28, 2021 09:01 Source: "China Social Sciences", April 28, 2021, Issue 2156 Author: Zhao Yuan/Compilation

Comprehensive foreign media report  The official website of Oxford University in the United Kingdom recently released news,Climate change will affect government debt repayment capabilities。

Research Discovery,The world is facing the increasingly severe climate impact,bet365 live casino games More and more countries are facing risks。Severe climate risk may cause credit crisis,This leads to an increase in the government's loan costs、It is excluded from outside the commercial debt market,and investor evacuation。

THOM Wetzer, associate professor of law and finance of Oxford University, said,New Crown pneumonia epidemic、Climate change and credit crisis are having a superposition effect。Countries should be transparent to disclose bet365 best casino games climate risk,and support the most vulnerable borrowing country。Climate risk will affect the global economy,Some countries may be difficult to repay the rapid rise in debt。If the current people are not realized、Discover and manage these risks,So they may cause serious problems in the future。

Arjuna Dibley, a researcher at Oxford University Sustainable Development Project, said,Government's expenditure methods and funding methods will affect the climate。Bet365 app download Future,The government needs to ensure that the method of raising and using public funds will not exacerbate the climate crisis。

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Editor in charge: Zhang Yueying
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