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By Mark John (Reuters) - A global failure to curb carbon emissions will lead to rising debt-servicing costs for 59 nations within the next decade, according to a study that simulated the economic impact of climate change on current sovereign credit.
The study, published on Monday in the journal Management Science, is the first to anchor climate science within "real world" financial indicators. It suggests that 59 nations will experience a drop in sovereign credit rating in the next decade without emissions reduction.