---
title: Climate Risk Spillovers and Sovereign Financing
url: https://www.ml-quant.com/papers/repec/ces-ceswps-13066/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-30
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:ces:ceswps:_13066
source_url: https://econpapers.repec.org/RePEc:ces:ceswps:_13066
featured: 2026-10-30
citations: unknown
topic: Macro-Finance & Rates
---


# Climate Risk Spillovers and Sovereign Financing

Global value chains transmit climate risk to sovereigns: ignoring foreign climate spillovers underestimates total risk by 30% and raises measured borrowing costs by 11 basis points.

- Source: https://econpapers.repec.org/RePEc:ces:ceswps:_13066
- Identifier: RePEc:ces:ceswps:_13066
- Released: 2026-10-26
- First featured: Quant Letter No. 137 (2026-10-30): https://www.ml-quant.com/issues/2026-10-30/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Macro-Finance & Rates
- Authors: Lukas Rischen, Achim Hagen

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