Daily ESG Briefing: Moody’s warns of 10% rise in default risk if climate isn’t dealt with before end of decade

The latest developments in sustainable finance

Moody’s has said that if businesses and policymakers wait until the 2030s to deal with climate change then, by 2050, there will be an average 10% increase in the probability of defaults across all geographies and sectors. The credit ratings agency, which now calls itself “a globa…

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