This article was originally published on Illuminem Corporate net-zero commitments have become the dominant framework for private sector...
Financing Climate & Sustainable Development / Report
Diagnosing how the sovereign ceiling functions as a simplifying shortcut that can obscure meaningful differences across borrowers, and proposing an alternative credit rating approach based on disaggregating sovereign risk into specific transmission channels.
The use of subsidies to attract investment costs government billions of dollars annually, making regulation urgent. While comprehensive limitations such as the EU’s are not likely soon, we should improve transparency, have major stakeholders promote incentive rules within preferential trade areas, strengthen WTO notifications, and ban relocation subsidies where possible.
A translation in Mandarin is also available via the “Download Resources” button.
