EFIV - Anticipating The Climate Change Risks For Sovereign Bonds: Part 1 - Insights On The Macroeconomic Impacts

• Due to the nature of climate change, with unprecedented and non-linear, dynamics, relying on historical data is not sufficient to anticipate climate change risks.
• This paper proposes a methodology for a forward-looking assessment of climate risks as recommended by regulating international institutions.
• It is the first of a two-part study whose objective is to explore how sovereign bonds could be affected by climate change risks. This first part focuses on assessing the macroeconomic impacts related to climate change.

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