I spent 8 years flood-proofing a city. Capital markets are running out of time to take El Niño seriously
Capital markets are slow to recognize the financial benefits of climate resilience infrastructure, despite growing demand and the potential for significant cost savings. The author, a former mayor, highlights projects like Hoboken's ResilienCity Park, which reduced flooding and maintained the city's credit rating. Experts project a massive demand for resilience investments by 2030, but the market struggles to value avoided losses, which are spread across various stakeholders. AI
