California officials are downplaying the risks of climate change to bond investors while citing those same risks as the basis for a lawsuit against oil companies, according to a conservative think tank that has asked securities regulators to investigate.
In his State of the Union address on Tuesday, President Donald Trump called out the nation’s crumbling infrastructure and called for more spending on bridges and roads.
Coastal communities from Maine to California have been put on notice from one of the top credit rating agencies: Start preparing for climate change or risk losing access to cheap credit.
As disasters strike, infrastructure crumbles and investors scramble to find value in catastrophe bonds, a new kind of debt instrument has been launched that may be welcome news.
Infrastructure policy discussions regularly highlight the need for new projects like wider highways and new transit lines.
In a new report, RE:bound has further explored the potential benefits of resilience bonds, underlining the opportunity for the public sector to access private capital, to transfer disaster risks away from while supporting the development of resilient infrastructure projects.
Hurricane Harvey’s impacts have been “unprecedented” and “beyond anything experienced,” to use the words of the National Weather Service. However, the aftermath of this hurricane, as with any other major disaster, is heart-wrenchingly predictable.