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Climate change posing risks to municipal bond market

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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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