Opinion by Mathew Carr

Almost all commentators on sovereign-debt markets are under estimating the impact of climate needs.

The probable sovereign-spending surge of trillions of US dollars will be needed and soon because there are scary temperature jumps happening right now…including 0.3 of a degree Celsius in 2026 v 2025 for world sea-surface temperatures. That is an AVERAGE RISE in one year.

Reckless leaders need reigning in.

The climate spending needs are competing against trillions of dollars of ‘investment’ sought for giant warmongering/security campaigns and massive global and regional AI propaganda machines.

The benefits of big money flows on climate mitigation (eg renewables) and adaptation such as flood defences run for decades (and include a lower risk of wars) … but up-front costs are enormous versus the lower up-front and ongoing fuel costs of traditional, climate-killing energy.

International Energy Agency and developing countries are calling for multi-trillions of US dollars PER YEAR to transition economies and get the climate crisis under control.

See these charts for cause and effect.

Bigger borrowing means higher levels of financial risk (of default) is my simple logic.

Comments my way. Mathew@carrzee.net

World sea surface

Closer look at that 2025-2026 gap higher

Nino 3.4 threatens all time high two months early, third orange circle below is 2015 (current record) …the gapping up is scary because temperatures rose considerably September to November in 2015. See two tables below.

Closer look 2026 (red) v 2015 (grey) …2025 (orange) is more than 3C lower!

At least the world surface temperature isn’t jumping quite as fast — but it’s still scary

Ballistic 10-year bonds

US

Germany

Japan

(More to come)

Notes

Comment sent today from environmental lobby group E3G (Kaysie Brown):

People are preparing for doom