Why Localities Must Fend for Themselves on Climate Resilience
While Hurricane Florence battered the Carolinas over the past week, talk of clean energy and climate resilience merged at several points across the country.
“Hurricane Florence is a wakeup call. But there have been so many wakeup calls before this,” Alan Rubin, a principal in the government relations practice of Blank Rome LLP in New York, said in his keynote speech Monday at the Rhode Island summit.
Rubin, while working with the bond underwriting team at Lehman Brothers in 1992, helped design a catastrophe fund to reconstruct South Florida after Hurricane Andrew inflicted $27 billion worth of damage.
“No one back then could have imagined how commonplace this kind of catastrophe would become,” Rubin said.
"Why Localities Must Fend for Themselves on Climate Resilience," by Paul Burton was published in The Bond Buyer on September 21, 2018.