https://markets.businessinsider.com/news/stocks/climate-change-risk-to-38-trillion-municipal-bond-market-blackrock-2019-4-1028123832
Link to report: https://www.blackrock.com/us/individual/insights/blackrock-investment-institute/physical-climate-risks
BlackRock, the world’s largest asset manager, is doubling down on its view that investors in the US don’t yet fully appreciate the just how disastrous an economic impact climate change could have at a time when environmental, social, and corporate governance investing is garnering mainstream attention.
“Climate-related risks already threaten portfolios today, and are set to grow, we find,” strategists at the BlackRock Investment Institute wrote in a report this week, homing in on threats the massive US municipal bond market could face as the planet warms.