For the first time ever, a new report quantified how bio diversity related matters can affect a country's creditworthiness. The researchers looked at three different scenarios: statusco, business as usual and partial nature collapse. Close to 58 % of all countries would see their credit ratings drop by awoping six notches on a 20 point scale. Governments will have to spend an additional 20 dollars to 53 billion dollars in annual interest payments. A bad credit rating effects companies operating within those nations too.
In today’s episode for 19th July 2022, we explain how biodiversity can impact a country’s borrowing cost.
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