The global macro-criticality of nature: how nature degradation can raise the cost of government borrowing
Photo: luoman/istock
The degradation of nature has already contributed to higher borrowing costs for sovereign governments, especially for lower-income countries that are nature-dependent. Given the interconnection of global supply chains and financial markets, this has important implications for countries and policymakers across the world, write Alexander Wollenweber, Dieter Wang, Carlo Pasqua and Nicola Ranger in this commentary for Earth Capital Nexus.