The ability of sovereigns to mobilize and invest in adaptation funding effectively will in part determine the credit impact of physical climate risk.
Mint earlier reported about from consumer goods company to those present in the carbon businesses and now even the state governments, everyone wants to board the ESG bandwagon, with the ratings affecting the very nature of the way business are done.
“Carbon transition risk: The credit implications of carbon transition risk will become even more evident amid increased momentum toward a more rapid energy transition than previously expected.