Mass biodiversity loss would slash global credit ratings, report warns

mass biodiversity loss would slash global credit ratings report warns

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LONDON: Major global biodiversity loss could cause enough economic damage by the end of the decade to severely cut more than half of the world’s sovereign credit ratings - including China’s, the first major study on the issue has warned.The research published on Thursday by a group of British universities looked a range of scenarios, including one where a partial collapse of key ecosystems savaged nature-dependent industries such as farming and fishing that some economies rely on.It estimated that the detrimental impact would result in 58% of the 26 countries studied facing at least a one notch downgrade of their sovereign credit rating.As ratings affect how much governments have to pay to b

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Mass biodiversity loss would slash global credit ratings, report warns

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Daily Sun Mass biodiversity loss would slash global credit ratings, report warns LONDON: Major global biodiversity loss could cause enough economic damage by the end of the decade to severely cut more than half of the world’s sovereign credit ratings - including China’s, the first major study on the issue has warned.The research published on Thursday by a group of British universities looked a range of scenarios, including one where a partial collapse of key ecosystems savaged nature-dependent industries such as farming and fishing that some economies rely on.It estimated that the detrimental impact would result in 58% of the 26 countries studied facing at least a one notch downgrade of their sovereign credit rating.As ratings affect how much governments have to pay to b

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