Climate change: Worst-case scenario sees M'sia defaulting on debts by 2050

Where Covid-19 has precipitated unprecedented debts, climate change could trigger defaults across a planet which a United Nations panel says is dangerously close to runaway warming.

To avert disaster, countries are committing to carbon-cutting steps. But these will be costly and likely to add to a global debt pile that asset manager Janus Henderson estimates ballooned to US$62.5 trillion by the end of last year...