Muni-Bond Market Taps Satellite Data to Assess Climate Risk

摘要

The $3.8 trillion municipal-bond market has found a new tool in its effort to understand the impact ofclimate change: the array of satellites orbiting high above Earth.Assessing climate risks is a particularly vexing problem given that U.S. state and local governments tend togive investors information that’s often too little or just too late. But the use of geospatial data andinformation from sources like Google Earth could help municipal-bond investors evaluate and price therisks posed from a warming climate, rising sea levels and natural disasters.