null Municipal Credits: Climate Change and the Presidential Election
Manager Insights

Climate Change and the Presidential Election

Elections 2020 Manager Insights White Paper Responsible Investing Fixed Income
October 2020
Climate Change and the Presidential Election

Recent devastating wildfire and hurricane activity is a stark reminder of the growing frequency and intensity of natural disaster events in the US—events that are exacerbated by climate change. 

Global warming and the residual effects of climate change reflect a growing credit risk for state and local governments as extreme weather events increasingly disrupt the physical, economic and social makeup of communities across the country.

From a policy perspective, this year’s presidential election has the potential to materially impact climate change spending. Opposing views have emerged from both presidential candidates on a variety of issues, ranging from infrastructure spending, environmental regulation and renewable energy.