Debt sustainability and climate change B249

Bruno Cabrillac, Camille Fabre and Luc Jacolin
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Bruno Cabrillac: Banque de France - Banque de France - Banque de France
Camille Fabre: Banque de France - Banque de France - Banque de France

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Abstract: Climate change has both immediate and long-term consequences on the debt trajectories of developing countries. Their high physical vulnerability to global warming and the in-crease in natural disasters, combined with lower socio-econo-mic resilience (food and agricultural insecurity, high population growth, lack of social safety nets and political instability), are putting a strain on public finances at a time when they already have little budgetary leeway.

Date: 2023-05-17
New Economics Papers: this item is included in nep-agr and nep-env
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Published in FERDI Notes brèves / Policy briefs, 2023

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