Green bonds can avert catastrophic infrastructure failure

A carbon-free world won't come cheap. Green bonds will help finance sustainable infrastructure in communities that need it most. In February we once again witnessed what a collision of climate change and inadequate infrastructure looks like: When severe winter storms hit Texas and temperatures plummeted to record-setting lows, the power grid was paralyzed, forcing rolling blackouts across a large swathe of the state. The power outages and deep freeze combined to shut down water supply in many places. Scores of people died, and recovery from the damages will cost billions. …