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.
Tom Lyons, senior investment analyst and head of Allspring’s Climate Investment Research team, and Andy Hunt, head of Fixed Income Solutions, discuss climate change and how to navigate the current challenges and opportunities in climate transition investing, especially for fixed income investors.
You think that because you understand “one” that you must therefore understand “two” because one and one make two. But you forget that you must also understand “and.”
— Donella Meadows, Thinking in Systems, 1990