Blog: States are exploring paths to finance climate resilient infrastructure
As extreme weather events become more intense and more common, states already face an estimated backlog of nearly $1 trillion for deferred maintenance and needed upgrades to public infrastructure. To finance long-overdue repairs and ensure that America’s roads, bridges, and water systems can withstand future climate impacts, states are turning to new strategies and adapting existing approaches to address the substantial work needed to boost the resilience of these vital systems. … California residents recently passed a $10 billion bond proposal, which would cover similar water infrastructure improvements and projects to protect these systems from the effects of extreme heat.