Global warming could cut over 60 countries' credit ratings by 2030, study warns

FILE PHOTO: Smoke rises above a factory at sunset in Rugby, Britain February 10, 2021. REUTERS/Matthew Childs/File Photo

LONDON (Reuters) - A new algorithm-based study by a group of UK universities has predicted that 63 countries – roughly half the number rated by the likes of S&P Global, Moody's and Fitch - could see their credit ratings cut because of climate change by 2030.

Researchers from Cambridge University, the University of East Anglia and London-based SOAS looked at a "realistic scenario" known as RCP 8.5, where carbon and other polluting emissions continue rising in coming decades.