Document summary
With near-unanimity in the scientific community about the realities of
global climate change, a number of countries and companies are
taking steps to address the potential ramifications they face. Simply
put, the accumulation of greenhouse gases in the atmosphere, if
allowed to continue unabated, will likely have extensive and costly
effects on regional climates and economies around the world.
This issue of Credit Week explores the interplay between climate change and companies including corporate credit's resilience to natural catastrophes, green corporate bonds and the effects of California's persistent drought on local water utilities' financial performance and credit quality.