Policy Paper 24 | Climate Change and its Debt Counterpart: Portugal in a cross-country comparative perspective

Climate change poses a systemic risk to the world economy. The global average surface temperature rose by more than one degree Celsius since 1880 and with this the frequency and severity of climate shocks—ranging from heatwaves and droughts to hurricanes and coastal flooding—have intensified across the globe. You can read here the Paper | Climate Change and its Debt Counterpart: Portugal in a cross-country comparative perspective.