NEW YORK–(BUSINESS WIRE)–#KBRA–KBRA releases a report detailing the use of climate scenario forecasting and related vulnerability assessments by major municipal issuers in the U.S.
Municipalities across the country are trying to find systematic and data-driven methods of addressing the threat of climate change. However, uncertainty about future emissions levels, long time horizons, and the wide range of potential hazards are among the reasons climate-related risks are challenging to quantify. Still, despite these hurdles and the complexity of environmental science, a review of some of the largest KBRA-rated state and local governments suggests that sophisticated climate scenario forecasts are more common than what may be expected.
Key Takeaways
- Climate scenario forecasting has already been utilized by large state and local governments in various parts of the U.S., often projecting temperatures and precipitation through the end of the century.
- These governments tend to leverage existing scientific frameworks and task universities with conducting the analysis.
- Intergovernmental projects, funding, or mandates are ways that forecasting and vulnerability assessments are spreading.
Click here to view the report.
Related Publications
- KBRA Has a Clear Focus on Credit Ratings, Not ESG Scores
- EVs’ Popularity Could Diminish Gasoline Taxes for Transportation Funds
About KBRA
KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.
Contacts
Yang Li, Associate Director
+1 (646) 731-1216
[email protected]
Karen Daly, Senior Managing Director
+1 (646) 731-2347
[email protected]
Business Development Contacts
Bill Baneky, Managing Director
+1 (646) 731-2409
[email protected]
James Kissane, Senior Director
+1 (213) 806-0026
[email protected]