| dc.description.abstract | With the United Nations′ Sustainable Development Goals, countries worldwide are increasingly aware of sustainable development, and investors have begun to pay attention to the impact of sustainable development on sovereign debt. Given the background of ＂geopolitical-economic conflict risk＂ and ＂environmental risk,＂ this study examines the influence of sustainable development and political-economic uncertainty on sovereign debt credit default swaps (CDS). The countries selected for this study include the United States, United Kingdom, Canada, Germany, France, Italy, Japan, Brazil, Russia, India, China, Mexico, South Korea, and Australia, covering the period from 2009 to 2020. The overall results indicate that higher political-economic risk leads to higher sovereign debt CDS prices and increased credit risk. The environmental index has no significant impact on CDS. However, when considering the interaction between the environmental index and total carbon emissions, it is found that higher total carbon emissions and a higher environmental index lead to higher sovereign debt CDS prices and increased credit risk. | en_US |