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For Professional Clients and, in Switzerland, for Qualified Investors only. In Israel for Sophisticated Investors only.
English
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© 2019. BNY Mellon Investment Management International Limited. All rights reserved.
IDEAS AND KNOWLEDGE TO INSPIRE YOUR INVESTMENTS THINKING
3 October 2019

Heavy weather

Climate change is real. Severe weather, flooding, wildfires and other natural disasters are being experienced with greater frequency and greater severity by many state and local municipalities in the US. In our view, this trend will continue with a greater likelihood of adverse environmental, economic and cost consequences.

 

Several state and local governments are planning to protect against natural disasters in the coming years and are implementing environmentally-friendly policies to try and halt the effects of global warming. Capital in the form of municipal bonds will be required to fund these initiatives and also repair damage to infrastructure.

 

In the face of the growing environmental threat, it is important to not only consider the geographic location of a municipality but also focus on the extent of its strategic planning, fiscal resources and financial flexibility. Investor awareness is essential in advance of mounting climate change crises and their potential impact on bond valuations for ‘at risk’ municipalities.

 

Dan Rabasco, head of municipal bonds, Mellon.

Please note the content on this website is for Investment Professionals only and should be shared responsibly. No other persons should rely on the information contained within this website.

 

Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA or the BNY Mellon funds.

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