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Climate Resilience Could Redefine Sovereign Credit Risk and Investment
Dr. Arthur Krebbers of NatWest Markets N.V. examines how physical climate risks are reshaping sovereign credit assessments and investment decisions. He highlights the importance of adaptation financing, improved climate analytics and credible resilience strategies, arguing that preparedness could increasingly influence sovereign borrowing costs and financial stability
Oct 13, 2026
Arthur Krebbers
Arthur Krebbers, Managing Director, Sustainable Finance Advisory, NatWest Markets N.V
Tags: ESG and Climate Risk
Climate Resilience Could Redefine Sovereign Credit Risk and Investment
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization



  • Physical climate risk is becoming increasingly important in sovereign and corporate credit assessments
  • Data gaps and inconsistent adaptation disclosures complicate risk measurement
  • Institutional capacity and governance influence climate resilience
  • Public-private partnerships are essential to mobilizing adaptation investment
  • Sovereign bond markets may increasingly price climate preparedness into borrowing costs
  • Improved disclosures, benchmarks and AI-supported analytics will strengthen investment decisions
  • Financial innovation could transform adaptation into a long-term investment opportunity
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