The author of the report, Stavros A. Zenios, discusses the exposure of European Union sovereigns to climate risks and their potential impact on public finance. The report examines international best practices and transmission channels from climate change to public finance. The author argues that European Union institutions and national fiscal authorities should mainstream climate risk analysis in public finance and that stress testing of debt dynamics should include a link between regional climate scenarios and country debt dynamics. The report also acknowledges the contribution of research assistance and grateful acknowledgment of comments from various individuals and organizations.
