Analysis | As Climate Damage Rises, Utilities Turn to 'Recovery Bonds'
Briefly

FORT WORTH, TX - FEBRUARY 16: Pike Electric service trucks line up after a snow storm on February 16, 2021 in Fort Worth, Texas.Winter storm Uri has brought historic cold weather and power outages to Texas as storms have swept across 26 states with a mix of freezing temperatures and precipitation.(Photo by Ron Jenkins/Getty Images) (Photographer: Ron Jenkins/Getty Images North America)As climate change makes extreme weather events more common, US utilities and energy companies are turning to a once rare vehicle to raise funds for coping with the infrastructure damage they cause: recovery bonds.
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