Climate change poses a systemic risk to the world economy. The global average surface temperature has increased by more than one degree Celsius since 1880, and with it the frequency and severity of weather shocks – from heat waves and droughts to hurricanes and coastal flooding – have intensified around the world. You can read the paper here Climate Change and its Debt Counterpart: Portugal in a cross-country perspective.
Policy Paper 24 | Climate Change and its Debt Counterpart: Portugal in a cross-country comparative perspective
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