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Kindle Free Windfall: The Booming Business of Global Warming

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Saturday, October 12, 2013

Windfall: The Booming Business of Global Warming

Author: Visit Amazon's McKenzie Funk Page | Language: English | ISBN: 1594204012 | Format: EPUB

Windfall: The Booming Business of Global Warming Description

Amazon.com Review

An Amazon Best Book of the Month, January 2014: In addition to having one of the cooler author names, Funk has written one of the more fascinating accounts of the coming economic impact of climate change. Rather than exploring the science or politics of an alarmingly warming world (a la An Inconvenient Truth), the author has focused exclusively on the economics and opportunism developing around climate change. The result is part eco-thriller, part adventure story, part investigative exposé. There’s a wildly speculative and entrepreneurial game being played out there by some forward-thinking risk takers. Not a hand-wringer among them, these are the gamblers who see profit where others see doom. Impressively researched over six years, Windfall takes us to the front lines: to the deck of a Canadian battleship, where the author blasts a machine gun into the ice cap; to formerly frozen Siberian lands, which investors envision as future mega-farms; to the Sudan, Greenland, Wall Street, and beyond. Like a mashup of Michael Lewis and Mark Twain, Funk is an intrepid investigator and a lively, smart writer. From eco hedge funds to dam building to desalination plants, he shows how climate change is creating new opportunities and a potential boon for cowboy entrepreneurs. This is the rare book that’s both important and highly readable. --Neal Thompson

Review

The Wall Street Journal:
“In Windfall McKenzie Funk, an intrepid American journalist, reports on the lesser-known victims and profiteers of climate change brings a dizzyingly abstruse phenomenon down to a more human scale. Mr. Funk leads us away from the rarefied air of Al Gore and his lethal PowerPoint slides, to mingle with the militiamen, inventors, politicians and activists trying to find their way through an era of turmoil.”

The Associated Press:
“Funk has written a fun book humanizing the problems of climate change, focused on the colorful entrepreneurs who see in an increasingly inhospitable world golden opportunities.”

Nature:
"This exposé of the powers and people that view global warming as an investment opportunity is darkly humorous and brilliantly researched. Journalist McKenzie Funk looks at the impacts deemed a windfall for 'climate capitalists': melting ice, drought, sea-level rise and superstorms. He reports far and wide, on the oil-rich far north, where nations jostle as the ice retreats; blaze-prone California and its burgeoning band of firebreak specialists; water-rich South Sudan, where large tracts of foreign-owned farmland could become a gold mine as other regions dry up; and beyond."

Men’s Journal:
"The idea that, when it comes to climate change, the meaningful divide isn't between believers and doubters but winners and losers is at the heart of McKenzie Funk's immersive and startling Windfall: The Booming Business of Global Warming."

Mother Jones:
"Most writings on climate change are tedious or polemical. This fabulous book is neither. Journalist McKenzie Funk travels the globe, mingling with the characters who are cashing in (or preparing to) on global warming: Wall Street land and water speculators, Greenland secessionists, Israeli snowmakers, Dutch seawall developers, geoengineering patent trolls, private firefighters, mosquito-abating scientists, Big Oil scenario planners, and African officials overseeing the first phase of a quixotic 4,7000-mile-long foliage barrier against the encroaching Sahara. Rather than waste our time on a settled question (duh, it's real!), Funk offers an up-close-and-personal glimpse of climate change's likely winners—and inevitable losers."

Wired:
“Some Like it Hot: Forget bitcoin—savvy investors bet on water....In his new book, Windfall: The Booming Business of Global Warming, McKenzie Funk investigates the profiteers cashing in on the planet's woes."

GQ:
“In Windfall, McKenzie Funk introduces us to people betting money on our dear planet's decimation. Spoiler: They're rich.”

Outside Magazine:
“There have been plenty of books documenting the myriad ways that climate change will take us all down. McKenzie Funk takes a contrarian approach, reporting on the people—and, in the case of Greenland and Canada, countries—that are poised to profit handsomely from the coming chaos.”

Scientific American:
"Funk's reporting brings him face-to-face with individuals who are investing in planetary crisis. Far from vilifying these opportunists, he attempts to see the warming world through their eyes. "

Canadian Business: 
"The business of climate change is growing, in other words, at least somewhat because political action on climate change has so overwhelmingly failed."

Barnes & Noble: 
"The bad news is that we're not cutting our carbon emissions. The 'good' news, according to McKenzie Funk's Windfall is that greedy banks and ambitious entrepreneurs are making billions of dollars on global warming. Much of these new frontiers of money-making derive from calculated bets on continued failure and warming, not on corrective measures. Funk's modern day muckraking lends new perspective and detail to mainstream media coverage and the ongoing debates about climate change. Definitely a conversation starter."

The New Yorker’s Page-Turner:
"Funk's take on global-warming profiteering is as entertaining as it is disturbing." 

Kirkus Reviews (STARRED): 
“A shocking account of how governments and corporations are confronting the crises caused by global warming… A well-written, useful global profile emphasizing concrete solutions rather than ideological abstractions.”

Publishers Weekly:
"For most of the planet, the specter of global warming is ominous, but as journalist Funk reveals in this startling book, there are those who view the Earth's dangerous meltdown as a golden opportunity...Funk's original, forthright take on this little-discussed profit-taking trend in the climate change sweepstakes is very unsettling."

Eliza Griswold, author of The Tenth Parallel:
"Funk's talent shimmers from the pages of Windfall. Here is a brilliant young stylist at work, pushing the boundaries of investigative journalism and literary non-fiction. With grace, humor and hard-nosed reporting on the startling business of climate profiteering, he takes us along on a searing ride into the maw of the apocalypse."

Charles Graeber, author of The Good Nurse:
“Funk is a first-rate storyteller who packs adventure and humor in his journalist's bag, and delights in the absurd details of business as unusual. The result is a meticulously researched romp through the backrooms of the climate change industry, by turns thrilling and appalling, and ultimately rather important. There's money under the melting ice, and Funk follows it. Perhaps the only fun book on global climate change you'll ever read.”

See all Editorial Reviews
  • Product Details
  • Table of Contents
  • Reviews
  • Hardcover: 320 pages
  • Publisher: Penguin Press HC, The (January 23, 2014)
  • Language: English
  • ISBN-10: 1594204012
  • ISBN-13: 978-1594204012
  • Product Dimensions: 9.3 x 6.3 x 1.1 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
First off, this book is just fun to read. The author has found some great people and places, and built unforgettable sketches around them, and embedded the disparate material in a coherent narrative. He takes a technical, unsexy and complex topic and makes it as entertaining as escapist fluff. It's journalism at its best. It will remind you of writers like Michael Lewis and Jim McManus. I wish McKenzie Funk a long career.

The book consists of investigations into a variety of people hoping to make money from climate change. A major distinction, which the author curiously does not recognize, is between the pay-me-now and the pay-me-later folks. The first group claims to be able to predict climate change (or its consequences or the consequences of specific policies) and wants money today whether they are right or wrong: investment management fees, research funding, salaries to legislate or agitate, subsidies. The pay-me-later group is spending its own money today in projects that will pay off later only if they are right.

As you would expect, the differences between these types of people are dramatic. Among pay-me-now people, "the assumption is that climate change now suffers mainly from a PR problem." They put great stress on "consensus" and never fail to mention "overwhelming evidence.
In order to illustrate the true depth of Climate Change (aka Global Warming), McKenzie Funk literally follows the money. For as much as the mainstream media wants to highlight the specious "debate" over climate change, it's accepted not only by 97 percent of scientists but by many in finance and industry. Unlike scientists, however, these entrepreneurs aren't going to suggest unsexy solutions like conservation or efficiency; those don't make anyone a lot of money. They are instead looking at ways that they can pull a profit. But is that going to be as difficult as, say, pulling excess carbon out of the atmosphere?

Some of the technological solutions seem reasonable at the outset. For example, Israel has been a pioneer in water desalination for decades, and as the more of the world's water becomes salt water, the rest of the world will need that kind of expertise. However, as Funk points out, the desalination process requires a lot of energy, which emits a lot of carbon, which increases warming, which will lead to less freshwater and more saltwater- which will necessitate more desalination. He describes the process as a serpent biting its own tail; "vicious circle" would work as well.

As technically feasible but even more questionable are the ways in which Arctic governments (of which the United States is one) and energy companies are taking advantage of the now less-frozen region for everything from increased agricultural activity to oil drilling. Interestingly, while more northern Canada is primed to be able to take advantage of these resources even more than the U.S., they are aware that their "new" resources coupled with their relatively small armed forces will actually increase their vulnerability.

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