Climate adaptation experts are urging more support to help Canadian municipalities assess and redress their climate risk, as a new study warns that U.S. municipalities are increasingly exposed to a vicious climate-debt cycle. The US$4.2-trillion municipal bond market currently funds over 70% of U.S.  infrastructure debt financing and has long been considered the “safe-as-houses” path for municipalities in that country to finance big projects like water treatment plants. [...]