Climate Change Risks Impact Credit Ratings

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There is only so much pressure we as environmentalists can apply to our local and regional agencies to listen to the facts about climate change and risks associated with it–like sea level rise. One wonders how much pressure from credit rating agencies will change the perspective of these same agencies? This is a step in the right direction.

“If I was a city official, I’d be asking a whole lot of questions about what vulnerabilities their community has, and how each new proposed development adds to that vulnerability,” [Rob] Moore [of the Natural Resources Defense Council] said in an email. “Because at some point, your creditors certainly will.”

Read the Bloomberg article.