Geopolitics

The climate doom-mongers now dread sovereign debt blowouts - Financial Times

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DW NOTE

The climate lobby has discovered that carbon transition mandates blow holes in sovereign balance sheets. Strange how fiscal realism arrives only after the bills come due. Governments that promised net-zero by decree now face bond markets that price the cost of retiring functional infrastructure before its replacement exists at scale.

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The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.

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The climate doom-mongers now dread sovereign debt blowouts - Financial Times

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