Climate Risk May Someday Matter to Countries, Warns Extremely Polite Spreadsheet
LONDON—In a bold act of understatement, Fitch Ratings announced this week that climate risk might become “increasingly important” to sovereign credit ratings, particularly as large portions of the planet become uninsurable, intermittently on fire, or underwater. To track this unfolding inconvenience, Fitch has unveiled Climate Vulnerability Signals (Climate.VS), a sophisticated tool that assigns countries a helpful number…