Agarwala, Matthew; Burke, Matt; Klusak, Patrycja; … - 2021
-world financial indicators, we simulate the effect of climate change on sovereign credit ratings for 108 countries, creating the world …'s first climate-adjusted sovereign credit rating. Under various warming scenarios, we find evidence of climate …-induced sovereign downgrades as early as 2030, increasing in intensity and across more countries over the century. We find strong …