Equity, tech and climate change: Three big takeaways from the infrastructure bill

Link:https://lizfarmer.substack.com/p/equity-tech-climate-change-infrastructure-bill

Excerpt:

Green bonds. Issuance is expected to hit a record high this year and so are municipal green bond offerings. My friend and colleague Mark Funkhouser explains why local leaders should take advantage of this alignment of financial interests and moral ones.

More spending flexibility in the American Rescue Plan. Legislation now making its way through Congress would allow governments to use some of their ARP funds for highway and transit projects and to address natural disasters.

Rising income tax revenue. The K-shaped recovery and federal stimulus has resulted in the largest median state personal income jump in 14 years. According to Fitch Ratings, state income tax revenues increased by 6.3% last year and this year is expected to produce similar growth. This has implications for public pensionstax cuts and — of course — the 2022 midterms.

Author(s): Liz Farmer

Publication Date: 17 Nov 2021

Publication Site: Long Story Short at substack

Italy Goes Green for the First Time With Inaugural Bond Sale

Link: https://finance.yahoo.com/news/italy-goes-green-first-time-082347375.html?.tsrc=fin-srch

Graphic:

Excerpt:

Italy is making its first foray into the green bond market, the latest major debt issuer to tap into one of the fastest-growing sectors of finance.

The nation is selling debt maturing in 2045 via banks, an unusual tenor that is expected to draw interest from domestic investors as well as specialist environmental funds. European nations are piling into the market as they seek to finance a greener recovery from the pandemic.

Author(s): John Ainger

Publication Date: 3 March 2021

Publication Site: Yahoo Finance