Debt in warm climate: Covid and carbon set scene for default ...Qatar

Where Covid-19 has precipitated unprecedented debts, climate change could trigger defaults across a planet which a United Nations panel says is dangerously close to runaway warming. To avert disaster, countries are committing to carbon cutting steps. But these will be costly and likely to add to a global debt pile which asset manager Janus Henderson estimates ballooned to $62.5tn by the end of last year. With floods and wildfires devastating the world, estimates vary on how much damage warming will inflict on its economy. But a report earlier this year by BofA put it at $54-69tn by 2100, which compares to a valuation of the entire global economy of around $80tn. The financial repercussions

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