'Rising temperature may increase probability of default in 30% of agri loan portfolio by 2030'

Wait 5 sec.

Rising temperatures and climate change may increase default risks in 30% of agricultural and housing loans in the next five years, according to a BCG report. Temperature increases negatively impact agriculture production and income, posing significant risks for banks. However, a $150 billion annual investment opportunity exists for banks in India's energy transition to renewable sources.