Mongabay: Environmental damage poses a long-ignored risk to sovereign bonds, according to a new report by the UNEP FI (The United Nations Environment Programme Finance Initiative) and the Global Footprint Network. The report, E-RISC Report, A New Angle on Sovereign Credit Risk, finds that the overuse of natural resources and their degradation has put considerable, and largely unrecognized, risk against national economies. "We see some simple similarities with the current credit debt crisis where we borrowed...
URL: http://news.mongabay.com/2012/1129-hance-investment-risk.html
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