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

climates previously thought to be inhospitable for crops.

Through three parts—titled “The Melt,” “The Drought,” and “The Deluge”—Funk chronicles the stories of the lesser known opportunists and victims of a changing environment. We rightly know much about those that have been hurt by ecological changes, such as communities in low-lying communities in Bangladesh or South Pacific islands that watched oceans swallow their homes. Fund reports that the Marshall Islands are expected to be the first nation “extinguished” by climate change.

What I found fascinating were the lesser-known stories, the ones of communities or companies finding opportunities in climate change. Take, for example, Greenland, which Funk calls “the first country in the world to be created by global warming.”

Hotter temperatures and shrinking glaciers in the last century meant an untapped “Gulf of Mexico in the North Atlantic” and newly exposed deposits of gold, zinc, and diamonds have become accessible. That newly accessible economic bounty has spurred a push for independence for Greenland, which has been a colony of Denmark since 1721.

Rising seas are creating new opportunities for centuries-old Dutch know-how. The need to keep the sea at bay in the Netherlands has not only created expertise in dam-building but also innovation in tools such as a “floating beach” (the work of Dutch architect Koen Olthuis, patent pending) and “smart soils” that use bacteria to create sandstone in a week, instead of years (an effort by Deltares, a Dutch institute.)

Arcadis, a Dutch engineering firm, wants to export a dual-armed dam system that currently protects Rotterdam to stand guard just north of the Verrazano-Narrows Bridge to protect New York from devastating storms like Hurricane Sandy.

In Europe’s Alps mountain range, where melting ice is leading to shorter ski seasons, less fresh powder, and rockier trails, there is an

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.