Finally a reasonable green model.
The author wants both municipal warming risk and mitigation efforts .
More specifically, scenario analysis and better data may help to improve our understanding of the longer-term challenges facing municipal bond issuers in the United States, and help to inform the analysis of the possible climate threats faced by US towns and cities. More information could enable issuers to demonstrate the strength of their climate adaptation and resilience strategies, their risk-mitigation measures, and how such measures might be funded – all of which could contribute to more (and more comparable and useful) disclosure.
The poster is not proposing tort, yet, but recognizes the balance provided by the tort model.
It is amazing the number of PHD economists who are completely flummoxed by the idea, as if they never heard of Coase. Instead they knowingly engage in fraud on the issue. Ten years of pointing this out and finally someone gets a clue.
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