The most vulnerable nations pay more to borrow, leaving them even more exposed
millions of people are suffering from a prolonged drought. Deadly typhoons are wreaking havoc in Vietnam. Honduran coffee-farmers are seeing their crops wither in the heat. Poor countries have less capacity than rich ones to adapt to changing weather patterns, and tend to be closer to the equator, where weather patterns are becoming most volatile. As the world heats up, they will suffer most.
Companies may also be charged more for loans if they are perceived as more exposed to climate-related risks. In a new paper researchers atlooked at the cost of corporate debt for more than 60,000 firms in 80 countries. A fifth of the companies, holding about 3% of the total debt, were in the countries most vulnerable to climate change. They were charged interest rates on average 0.83 percentage points higher—again roughly a 10% premium.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Column: Two billionaires explain why they shouldn't pay more taxes, unlike you poor sapsFrom columnist hiltzikm: Home Depot's co-founder and a supermarket tycoon wrote an op-ed together explaining why they shouldn’t have to pay more taxes.
Leer más »
Poor Thang: Amber Rose Cancels Her Slutwalk After TWENTY ‘Toxic’ Friends Betray HerAmber Rose Cancels Slutwalk Amber Rose is cleaning house. MUVA is OVA at least twenty people who she says betrayed her in some seriously shady ways. The Amber Rose Slutwalk founder took to social m…
Leer más »
How Cash Bail Hurts Poor Women—and What We Can Do About It'Women are equal, but equality doesn’t mean forcing women into the same system as men. What it means is re-conceptualizing criminal justice itself from the ground up through the lens of women’s experience.'
Leer más »
Effects of new 'rule' targeting poor immigrants - Reuters TVA Trump administration plan to cut legal immigration by poor people will likely result in sicker children, more communicable diseases and greater homelessness in the United States, according to immigrant advocates and the federal government's own analysis.
Leer más »
Scooter start-up promised to serve a whole city. Then it cut out two poor areasScoot, owned by Bird, has drawn a red line around some poorer areas of San Francisco, preventing customers from dropping off scooters in those areas.
Leer más »
The Truth About (Cyber) Insurance: Do You Feel Lucky?For businesses doing business online—meaning everyone—the cost of being unlucky is also much higher than it used to be.
Leer más »