Wealthier nations are not meeting their climate change goals, which is concerning for sovereign debt investors.

A study called the Assessing Sovereign Climate-related Opportunities and Risks Project found that no country is on track to meet the 1.5°C target based on their 2030 emissions reduction pledges.

The study analyzed emissions and policies from 70 countries and revealed that affluent nations are not making significant progress in addressing global warming.

This emphasizes the urgent need for more effective climate action, especially as investors increasingly scrutinize national responses to rising temperatures.