U.S. state and local governments are increasingly using bonds to raise capital for infrastructure and housing projects that mitigate and protect against extreme weather events.
Key Takeaways
- States and cities are issuing sustainability bonds to raise funds for energy-efficient affordable housing and infrastructure that protects communities against climate change.
- The market for sustainability bonds has grown, as issuers combine social projects with green financing.
- Investors are looking to sustainability bonds to protect their portfolios against climate risks and capitalize on opportunities from sustainability challenges.
Morgan Stanley
Sep 13, 2023