The Climate Change Conundrum: The Pitfalls of Climate Credits

Quick Summary:

The global problem of climate change is especially pronounced in low-income countries, according to an IMF report released earlier this month.

I report how the IMF identified climate as a key concern for low-income countries — and how credit rating agencies are already incorporating climate risks into their analysis for these sovereigns.

As finance ministers gathered in Washington, a long-simmering theme resurfaced: who will pay for the economic and physical damage brought by climate change?

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Article Details

Author / Journalist: Patrick Temple-West

Category: MarketsFinanceInvesting

Markets: United StatesBrazilHaitiKenya

Topics: Texas Fund Countries Voting Credit Financial Climate Finance Meetings Report Change

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-17 @ 11:00:59 (1 months ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1349 words

Reading Time: 8 minutes read

Sentences: 50 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 20712825

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Official Website: ft.com

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