Thursday, November 30, 2017

Cities and states: Ignore climate change and pay more for bonds

Moody's is factoring in climate-related risks into their bond ratings for communities. If communities that are at great risk for sea level rise or weather disasters do nothing, they will start having to pay a lot more interest on municipal bonds.

https://www.bloomberg.com/news/articles/2017-11-29/moody-s-warns-cities-to-address-climate-risks-or-face-downgrades

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