Investors' attention span for physical climate risk buried in municipal bonds is limited, and so local investment in adaptation may be being squelched. Maybe limiting the federal tax exemption would focus things - post today: https://open.substack.com/pub/susanpcrawford/p/municipal-bonds-continuing-on-despite?r=2kk7rx&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true
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