Brooke Barton
Op-ed by Brooke Barton, The Bond Buyer, Oct. 16, 2018
Hurricane Florence caused record flooding at water and wastewater plants in North Carolina. Saltwater intrusion from rising sea levels is wreaking havoc on Florida’s water supplies. The nearly two decades of drought afflicting the Colorado River Basin will soon require Southern California to cut its draw from the river by as much as 8%.
Climate resiliency is becoming an increasingly material issue for utilities that manage water infrastructure and investors who buy the bonds to finance these assets. As climate risks rise, utilities and their bond buyers must address growing questions about the long-term resilience of existing and planned water infrastructure, to prevent these investments being left high and dry.
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