Xconomy Bookclub: “Windfall” Looks at the Business of Climate Change

Summer is around the corner and with it the seasonal hot-and-sticky climate, favored stomping grounds for mosquitoes. This year, health officials have warned Houston and other coastal communities along the Gulf coast that Zika virus-bearing mosquitoes could add a very unpleasant twist to the summer season.

Over a decade ago, it was dengue fever, which caused two deaths in Houston. Warmer temperatures for longer parts of a year mean more mosquitoes and more disease.

But what if mosquitoes like the Zika-bearing Aedes Aegypti could be, well, modified so that the insects’ spawn are incapable of transmitting disease? One British company, Oxitec, is working on a program to create modified male Aedes mosquitoes—a Trojan horse that when bred with native females may produce offspring that would not live beyond the larval stage. The goal would be to reduce the mosquito population and thereby reduce the spread of disease.

That sort of innovation are among the topics covered by independent journalist McKenzie Funk in his book “Windfall: The Booming Business of Global Warming.”

“Windfall” does not discuss whether global warming is real. Instead, Funk takes readers on an expedition around the world to meet companies and governments that are seeking products and services to cope with the effects of global warming or those peddling solutions, seeking to make money from climate change. “An ecological catastrophe was not necessarily a financial catastrophe for everyone,” Funk writes.

Indeed, changing weather patterns are good for business for not only mosquito bioengineers but also private firefighting companies hired by insurers in California; Israeli desalination plants that are now selling snow in the Alps; Dutch seawall builders finding new markets for their expertise; and Wall Street profiteers brokering new agricultural lands in

Author: Angela Shah

Angela Shah was formerly the editor of Xconomy Texas. She has written about startups along a wide entrepreneurial spectrum, from Silicon Valley transplants to Austin transforming a once-sleepy university town in the '90s tech boom to 20-something women defying cultural norms as they seek to build vital IT infrastructure in a war-torn Afghanistan. As a foreign correspondent based in Dubai, her work appeared in The New York Times, TIME, Newsweek/Daily Beast and Forbes Asia. Before moving overseas, Shah was a staff writer and columnist with The Dallas Morning News and the Austin American-Statesman. She has a Bachelor's of Journalism from the University of Texas at Austin, and she is a 2007 Knight-Wallace Fellow at the University of Michigan. With the launch of Xconomy Texas, she's returned to her hometown of Houston.