By Jill Ward, includes “For years climate scientists have warned about the ferocious wildfires and hurricanes that are now overwhelming many communities. … A growing number of investors, academics, policymakers, and regulators are questioning whether credit ratings—the ubiquitous scores that underpin much of the financial system—are accounting for the impact that extreme weather events and policy changes related to global warming will have on borrowers.” (Note: If and/or when interest rates on Treasury securities start climbing significantly, are some people going to blame climate change rather than bad fiscal and monetary policy?)
Read the full article on: Bloomberg