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“Windfall – the Booming Business of Global Warming” by McKenzie Funk

This book (another grab from the “new arrivals” shelf) overwhelmed me. I am woefully ignorant about business and finance, and my ignorance increases with scale. Most of what Funk discusses is global in scope.

Funk is a journalist, and it is harder for me to evaluate his work than, for example, that of a scientist like Richard Primack (author of Walden Warming, see this blog, June 23, 2014). I feel like I need to enlist my local cast of experts about this book, and worry that in some subject areas, I don’t know anyone.

If you decide not to read this book, you should at least look at the seven-page epilogue, entitled “MAGICAL THINKING”. Towards the end, Funk states, “Climate change is often framed as a scientific or economic or environmental issue, not often enough as an issue of human justice.” Good point.

Funk divides climate impacts into three categories – melting (problems of the Arctic), drought and sea level rise. Four chapters are devoted to each of these subjects.

The warming of the arctic puts Canada in a position of incredible strategic importance. Canada will “benefit” in many ways (longer growing season, open Northwest Passage, etc) but I put “benefit” into quotes because so many complications can be foreseen. One is sovereignty. Will Canada become the 51st state of the US? What will happen if our perceived interests diverge? Will the US “let” Canada chart an independent course?

And what about Greenland? I was barely aware of it as a country. I thought I was doing well to have some acquaintance with Iceland! Will Greenland become an agricultural state? A major source of strategic minerals? A tourist Mecca? We can safely assume it will emerge from obscurity.

On the subject of drought, I found Funk’s chapter on the Sahara most interesting, because he considers both desertification and human migration. Are the Africans currently trying to get to Europe “climate refugees”? Under what circumstances will the countries of Europe decide to admit “climate refugees”, and how will they be integrated? Will the richer Northern countries help their poorer, more southerly neighbors (like, say, Malta) that often receive the largest number of undocumented refugees? Can workers from Africa fill important needs in the US or northern Europe?

Many questions, few answers…

In his chapters on “the deluge”, aka sea level rise, Funk considers some technological fixes that might allow adaptation to climate change. One is genetic engineering of insects (starting with the mosquito) to inhibit malaria and dengue, and keep the tropics livable. Most surprising (to me) and actually, maybe somewhat feasible is the introduction of sulfur dioxide into the upper atmosphere to mimic the cooling impact of volcanic eruptions. This is referred to as the “Mount Pinatubo” proposal, because of the cooling which followed Pinatubo’s 1991 eruption.

I recommend this book because most of us need to think and act “bigger” on climate change.

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