Rethinking Risk: Why Local Governments Can’t Shoulder Climate Burdens Alone

The majority of U.S. infrastructure is funded, built, and maintained by city councils, county boards, and state legislatures. But aging infrastructure, escalating climate risk, and other factors are converging to leave local communities less prepared to absorb their growing risk.

 
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A Missing Ground: Why Municipal Bonds Have Struggled to Finance Climate Resilience at Scale