Earlier this week, Moody’s Investors Service announced issuance of a report (payment required) warning that:
the effects of climate change, including climbing global temperatures, and rising sea levels, are forecast to have an increasing economic impact on US state and local issuers. This will be a growing negative credit factor for issuers without sufficient adaptation and mitigation strategies.
In other words, if you are an issuer of state or local bonds in an area likely to be impacted by climate trends,… More