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August 23, 2023

Climate change threatens credit rating stability

Floodwaters following heavy rains from Tropical Storm Hilary in Thousand Palms, California. (Photo: JOSH EDELSON / AFP) (Photo by JOSH EDELSON/AFP via Getty Images)

Credit ratings are not fully accounting for risks linked to climate, the IEEFA has cautioned. In a new research note, the Institute for Energy Economics and Financial Analysis has called on regulators to help to improve the way credit rating agencies incorporate climate risk in their assessments.  The think-tank warns ...

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