Climate change

The study also projected a $1.475 trillion loss to productive infrastructure by 2050.

The ratio of local government municipal debt to GDP in aggregate has fallen to around 10% from 20% in 2010.

California and Texas have received the most amount of federal investment to date, according to a pair of reports tracking the climate law's investments.

As extreme weather events occur with more frequency across the country, Michael Gaughan, executive director of the Vermont Bond Bank, says municipal bond banks can help smaller communities deal with the effects of them. Gaughan speaks with The Bond Buyer's Lynne Funk on the effects of climate change and how the various levels of government can work together to address it.

Clyde, Texas, missed payments on certificates of participation due Aug. 1, the same day it declared a water emergency. Bond insurers are paying the holders.

Proposed guidelines for federal tax credits could undermine the effort to build a clean hydrogen market, critics say.

Efforts at every level to respond to the growing problem of extreme heat are beginning to reshape how state and local governments think about emergency management.

Challenges to laws banning investment banks from underwriting municipal bonds and the targeting of other financial firms for divestment purposes may result from a recent Oklahoma ruling.

In Texas, the Austin City Council set a climate bond election for no later than November 2026, while an Arizona water authority is dealing with a funding drought.

The new rule will require FEMA to consider climate change's impact on future flood patterns in determining how and sometimes if to build back after flooding.