In the fourth episode of Allspring’s 2023 outlook series, the topic of conversation is how our climate is increasingly influencing societies and markets and the potential implications of that. Tom Lyons, head of Climate Investment Research, and Nashat Moin, senior ESG (environmental, social, and governance) analyst on the Global Fixed Income Research team discuss this with Jamie Newton, head of Global Fixed Income Research for Allspring.
As we write this article in mid-August, authorities across the Rocky Mountains are issuing flood warnings. Monsoon rains have drenched deserts and mountains in Arizona, Nevada, Utah, Colorado, and Wyoming, with eight million Americans significantly affected. These extraordinary conditions belie an even more severe and longer-term challenge: the intense drought crisis throughout the western U.S.