Nathan Rott, NPR, Dec. 1, 2017
One of the largest credit rating agencies in the country is warning U.S. cities and states to prepare for the effects of climate change or risk being downgraded.
In a new report, Moody’s Investor Services Inc. explains how it assesses the credit risks to a city or state that’s being impacted by climate change — whether that impact be a short-term “climate shock” like a wildfire, hurricane or drought, or a longer-term “incremental climate trend” like rising sea levels or increased temperatures.
Also taken into consideration: “[communities] preparedness for such shocks and their activities in respect of adapting to climate trends,” the report says.
To read the entire article click here: https://www.npr.org/2017/12/01/567843604/credit-rating-agency-issues-warning-on-climate-change-to-cities