Climate change posing risks to municipal bond market

Jeff Gitterman, CEO of Gitterman Asset Management, joins Remy Blaire at the New York Stock Exchange to discuss how the recent L.A. wildfires have had a significant impact on the $4T dollar municipal bond market. According to VanEck, approximately $70B dollars of this market was exposed to the wildfires at the end of January, with half – concentrated in the L.A. Department of Water and Power, LA Unified School District, and LA County Metropolitan Transportation Authority.

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