Carbon pricing 2050 target affordable for most homeowners today, says Moody’s

Green_house_Alamy_230x150_12Oct2019
By Tom Brown
12 Nov 2019

A carbon emissions tax on households will be affordable for most borrowers, so will not be a risk to RMBS and covered bond deals, Moody’s said on Tuesday.

Moody’s said that the effects on transactions will be marginal, as borrowers should, for the most part, be able to afford additional heating costs that might result from new taxes that could be brought in to help countries meet the European Union’s 2050 carbon-neutrality target.

Germany is planning a ...

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