Earth is overheating due to the greenhouse gas emissions from burning fossil fuels. This is 'the biggest market failure the world has seen' according to economist Nicholas Stern. The rational behavior of companies that pollute by making profitable commodities, and consequences of most people's desire to drive everywhere are creating irrational outcomes for everyone: an increase in the average global temperature which threatens to make the planet uninhabitable.
Debt servicing to rise almost everywhere
When interest rates rise for banks, businesses find it more expensive to fund their operations and so raise prices for consumers. Higher costs to banks also mean higher mortgage interest rates for residential borrowers. When banks invest savings such as pensions in bonds offered by countries hit by climate disasters, their worth is affected too, meaning that pensions may fall in value.has three key findings.
Under a high-emissions scenario in which recent emissions continue on an upwards trajectory, 59 countries would suffer downgrades of just under a notch by 2030, rising to 81 countries facing an average downgrade of two notches by 2100.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Opinion: If the Earth burning isn’t enough, what will spark climate protests?What does it take to launch a successful social movement – one that brings pressure on world leaders to bring about actual policy changes?
Leer más »
Odd Creatures News -- ScienceDailyQuirky stories from ScienceDaily's Plants & Animals, Earth & Climate, and Fossils & Ruins sections.
Leer más »
Biden Administration Tried to Block Climate Lawsuit, Saying Constitution Doesn’t Guarantee Right to “Stable Climate”Biden officials asserted that “there is no constitutional right to a stable climate system.”…
Leer más »
Near Earth Orbit Network (NEON)NOAA’s Near Earth Orbit Network (NEON) Program will develop future low Earth orbit (LEO) environmental satellites. Low and medium Earth observations.
Leer más »
Nicholas Anthony Zito accused of using 3D printer to manufacture ghost guns in Cortlandt, N.Y. homeFormer FBI agent Kenneth Gray said ghost gun cases involving young adults are not uncommon.
Leer más »
Nicholas Galitzine Reveals If His 'Red, White & Royal Blue' Character Is Based on Prince HarryHere's what the on-screen prince had to say. 👀
Leer más »