Vienna – The consequences of climate change have costs – so far, so known. However, according to an analysis by the New Economics Foundation, the impact of climate damage on public finances is massively underestimated. In the case of Austria, the national debt ratio due to climate damage could be 60 percentage points higher than forecast by 2050 without additional measures, the British think tank predicts. By 2070 it would even be 200 percentage points more.
