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Last summer was the hottest in two millennia. We won’t get any relief this year.
An overwhelming majority of Americans will experience above-average heat this summer, and temperatures in more than half of the contiguous United States are expected to top the historical average by at least 2 degrees Fahrenheit, according to AccuWeather. New York is expected to endure twice as many 90-plus-degree days as last year; Boston could experience up to four times as many.
Americans got a taste of what’s to come this week, with a blistering heat wave that began in the Southwest and has scorched the East Coast for the past three days. That heat may have come early based on the historical averages, but considering more recent trends, it’s right on track.
“The biggest changes that we have seen in recent decades is that the heat wave season has been expanding, starting earlier in the late spring and ending later into early fall, on average,” AccuWeather Senior Meteorologist Brett Anderson told Heatmap.
The northern Rockies, Great Lakes, and the Northeast are areas of particular concern, Paul Pastelok, AccuWeather’s Lead Long-Range Forecaster, told Heatmap. Those regions will likely experience less precipitation and more intense heat this summer compared to their historical average. “The Northern Plains and Upper Midwest are tricky,” Pastelok said. “Right now, this area is getting rain, but this could cut off by the very end of June into July, and turn around to dryness with the heat following.”
While temperatures will most likely peak in the interior Southwest — Nevada, Arizona, and New Mexico — by early July, the region can expect temperatures between 112 and 118 degrees until then. Monsoon season, which brings warm winds and rainfall inland, will likely arrive in late July instead of the usual late June, Pastelok said. Peak heat could come much later — anytime between July and September — for those in the Great Lakes, the Ohio Valley, and the Northeast.
The biggest “warm anomalies” are expected in the Southwest and central Rockies, the Great Lakes, the Ohio Valley and the Northeast, according Tom Kines, a senior meteorologist at AccuWeather. “We are looking at anomalies for the entire summer of +4 degrees (F) which is pretty significant over a 3 month period,” Kines wrote in an email to Heatmap.
Heat won’t be the only extreme weather this season. Drought could be severe, particularly in the Southwest — including parts of Texas, Oklahoma, and Kansas, where rainfall could come in below 50% of the historical average. That dry spell could intensify over the northern Plains, Great Lakes, and the Northeast later in the summer. The Gulf Coast, meanwhile, can anticipate a staggering 22 to 36 inches of rain this season — compared to its usual 15 to 24 inches — which will likely make flooding an issue.
After a wetter winter, meteorologists anticipated a slow start to the wildfire season in California and the Southwest. In fact, the number of wildfires this year is expected to come in below average: AccuWeather meteorologists predict 35,000 to 50,000 wildfires this year, compared to a historical average of about 69,000. Yet the fires in California also seem to have picked up speed a little earlier than normal. Last week saw more than two dozen fires in the state, perhaps heralding increased fire activity to come.
So how will we deal with all this? Northern cities, especially, tend to be less equipped to deal with extreme summer heat. In Boston, temperatures reached a record-breaking 98 degrees on Wednesday, a day after Mayor Michelle Wu declared a heat emergency. The city opened cooling centers this week in an attempt to minimize the number of heat-related medical emergencies.
Boston Green New Deal Director Oliver Sellers-Garcia told Heatmap that the city is bringing more government agencies into the heat management effort. The Fire and Parks departments plan to set up misting stations, and the city will continue to provide extra pop-up cooling centers in coordination with Boston’s Centers for Youth and Families. Those strategies, Sellers-Garcia said, “can have an instant benefit for someone, whether it’s just a super hot day and they have to get to work or it’s a declared heat wave.”
In Florida, people are used to chronic heat, Miami-Dade County’s Chief Heat Officer Jane Gilbert told Heatmap. Last year the county had 42 heat advisories (which happens when the thermometer reaches 105) and 70 warnings (110), Gilbert said, and this season is already proving more intense: May was the warmest ever on record in the state. To protect residents, the county has established a comprehensive public awareness campaign that targets those most affected by the heat, including outdoor workers, children, pregnant women, the elderly, and people with chronic illnesses. It also runs more than 30 cooling centers.
According to Gilbert, the goal is to educate people about the extent of heat impacts so they can make better choices — drink more water, find shade, limit physical activity — and protect their health. “We haven’t fully appreciated, historically as a community, how it impacts our lives,” she said.
Here’s what’s happened so far ...
June 24: On Juneteenth, over 82 million Americans were under active National Weather Service extreme heat alerts — but, due to the national holiday, many publicly operated cooling centers were closed. While Boston had opened 14 new facilities in partnership with the Centers for Youth and Families, for instance, none of them stayed open Wednesday.
The same thing happened in New York, where more than 200 cooling centers were closed for the holiday, most of them libraries. While other heat preparedness measures were still in place — Gov. Kathy Hochul announced free admission for state parks — residents counting on a facility near home had to change plans last minute. On Sunday, New York turned 45 public schools into cooling centers, this time because the public libraries were closed due to budget cuts.
In Chicago, only one cooling center was open during the holiday. The lack of cooling spaces available sparked action from homelessness advocates, who are urging the city to offer more cooling centers that are open 24/7 and also to make those facilities available when the heat index is above 80 degrees Fahrenheit.
Because cooling centers are often multi-purpose spaces, data on their usage is limited. In Boston, 245 people visited cooling centers from June 18 to 20, the mayor’s office told me. New York City’s Department of Emergency Management could only say that six people visited four of the schools open Sunday.
June 21: Communities from Kansas to Maine experienced record-breaking temperatures, with heat indices above 100 degrees Fahrenheit in some places. Cities including Philadelphia, Cleveland, and Burlington, Vermont opened cooling centers, and Boston and New York activated heat emergency plans. Schools in Buffalo, New York moved to half-day schedules for the week in response to temperature advisories.
The heat wave was expected to hold into the weekend, increasing the risk of emergencies. But ensuring that at-risk residents are aware of public services and heat mitigation strategies is often more difficult than simply providing amenities like cooling centers and air conditioners, Benjamin Zaitchik, a professor of climate dynamics at Johns Hopkins University, told Heatmap. “Preventing heat deaths — in principle, at least — is easy,” Zaitchik said. “It just requires good planning, good communication, good networks.”
The same heatwave afflicted much of the Southwestern United States the week before. Temperatures in Phoenix and Las Vegas exceeded 110 degrees, breaking records and prompting cities to issue heat advisories covering tens of millions of people. At a Trump rally in Las Vegas, 24 people received treatment for heat-related complications and six were hospitalized, The Guardian reported.
June 14-19: More than 1,000 people died during the sacred Muslim pilgrimage known as the hajj as extreme heat gripped Saudi Arabia in mid-June. In Mecca, where temperatures exceed 120 degrees Fahrenheit, worshippers gripped umbrellas and water bottles to combat the heat. A study from 2019 predicted that hajj conditions would exceed an “extreme danger heat threshold” more frequently in the coming decades, especially when the pilgrimage — which is scheduled according to the lunar calendar — coincides with the warmer months of the year.
The death toll was about five times higher than last year, according to CNN.
June 10: Passengers on a Qatar Airways flight passed out from heat as their plane sat on the tarmac at Athens International Airport. Flight 204, which was delayed for three hours with passengers stuck inside, experienced a malfunction in its air conditioning. Two days later, authorities shut down the Acropolis for five hours due to the 102 degree weather, which marked Greece’s earliest heat wave on record. Many schools were also closed for the day, and several air-conditioned spaces were opened to the public. Greece’s Health Ministry advised older people and those with chronic illnesses to stay indoors.
The intense weather continued throughout the weekend, and at least five tourists were reported to have died due to extreme heat.
Other parts of Southern Europe, such as Cyprus and Turk, have also suffered through heat waves this year. During the second week of June, temperatures in Cyprus exceeded 104 degrees every day and classes ended early. On June 14, some areas experienced their hottest June day ever, reaching 113 degrees. That same week, Turkey also battled record temperatures — they were 8 to 12 degrees higher than the average for the season.
May and June: Both Mexico and India faced extreme temperatures during national elections.
Record-breaking heat waves have scorched Mexico since late March, causing blackouts, wildfires, heat strokes, and animal deaths. On May 25, Mexico City set a new heat record, with the temperature there surpassing 94.4 degrees, while other cities in the country registered even higher temperatures — well above 115 degrees. As of June 12, at least 125 deaths had been attributed to the heat, which has been made worse by an intense drought linked to El Niño. With reservoirs at less than 27% capacity, millions could run out of water by the end of this month.
World Weather Attribution, a research group that analyzes the degree to which climate change is causing extreme weather events, estimated that global warming has made extreme temperatures in the region 35 times more likely. “These trends will continue with future warming and events like the one observed in 2024 will be very common” in a world where average temperatures are 2 degrees Celsius higher than pre-industrial levels, the group stated in a release.
Despite sweltering conditions, about 100 million voters elected Claudia Sheinbaum, Mexico’s first female president, on June 2. In her victory speech, Sheinbaum, a climate scientist with a focus on energy engineering, said she will work to maintain the country’s energy sovereignty. While Sheinbaum has vouched to expand the country’s renewable energy, she has also been criticized for her support of Pemex, the state-owned oil company.
Two days later, on June 4, India re-elected Prime Minister Narendra Modi for a third term during the country’s longest-ever heatwave. By the time the weeks-long voting process wrapped, extreme heat had killed more than 100 people. In Uttar Pradesh, at least 33 poll workers died in a single day, CNN reported. In response, local governments have imposed measures to prevent water waste and protect construction workers. Yet, according to analysis by the Centre for Policy Research found in 2023, most of India’s heatwave policies are underfunded and fail to target the country’s most vulnerable groups.
More extreme weather hammered Mexico beginning June 20 as tropical storm Alberto brought torrential rain and flooding to the country’s east. AccuWeather meteorologists said the storm is just the start of a predicted intense hurricane season in the area. Most of India is still under heatwave alerts, but the weather is set to improve in the next few days as the monsoon finally advances after a week-long delay.
May: Scarce rainfall and soaring heat have led to drought conditions that are threatening China’s food production and water supply. The provinces of Shandong and Henan — crucial to the country’s wheat production — are some of the most affected, and the State Flood Control and Drought Relief Headquarters has dispatched two disaster relief guidance teams. New technology, such as multi-functional seeders, and multiple reservoirs have been deployed to ameliorate conditions.
Also on Wednesday, the China Meteorological Administration reported that several regional weather stations recorded the highest temperatures ever in mid-June. Conditions are expected to worsen, as some Chinese provinces are expected to reach 111 degrees this week.
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The storm currently battering Jamaica is the third Category 5 to form in the Atlantic Ocean this year, matching the previous record.
As Hurricane Melissa cuts its slow, deadly path across Jamaica on its way to Cuba, meteorologists have been left to marvel and puzzle over its “rapid intensification” — from around 70 miles per hour winds on Sunday to 185 on Tuesday, from tropical storm to Category 5 hurricane in just a few days, from Category 2 occurring in less than 24 hours.
The storm is “one of the most powerful hurricane landfalls on record in the Atlantic basin,” the National Weather Service said Tuesday afternoon. Though the NWS expected “continued weakening” as the storm crossed Jamaica, “Melissa is expected to reach southeastern Cuba as an extremely dangerous major hurricane, and it will still be a strong hurricane when it moves across the southeastern Bahamas.”
So how did the storm get so strong, so fast? One reason may be the exceptionally warm Caribbean and Atlantic.
“The part of the Atlantic where Hurricane Melissa is churning is like a boiler that has been left on for too long. The ocean waters are around 30 degrees Celsius, 2 to 3 degrees above normal, and the warmth runs deep,” University of Redding research scientist Akshay Deoras said in a public statement. (Those exceedingly warm temperatures are “up to 700 times more likely due to human-caused climate change,” the climate communication group Climate Central said in a press release.)
Based on Intergovernmental Panel on Climate Change reports, the National Oceanic and Atmospheric Administration concluded in 2024 that “tropical cyclone intensities globally are projected to increase” due to anthropogenic climate change, and that “rapid intensification is also projected to increase.”
NOAA also noted that research suggested “an observed increase in the probability of rapid intensification” for tropical cyclones from 1982 to 2017 The review was still circumspect, however, labeling “increased intensities” and “rapid intensification” as “examples of possible emerging human influences.”
What is well known is that hurricanes require warm water to form — at least 80 degrees Fahrenheit, according to NOAA. “As long as the base of this weather system remains over warm water and its top is not sheared apart by high-altitude winds, it will strengthen and grow.”
A 2023 paper by hurricane researcher Andra Garner argued that between 1971 and 2020, rates of intensification of Atlantic tropical storms “have already changed as anthropogenic greenhouse gas emissions have warmed the planet and oceans,” and specifically that the number of these storms that intensify from Category 1 or weaker “into a major hurricane” — as Melissa did so quickly — “has more than doubled in the modern era relative to the historical era.”
“Hurricane Melissa has been astonishing to watch — even as someone who studies how these storms are impacted by a warming climate, and as someone who knows that this kind of dangerous storm is likely to become more common as we warm the planet,” Garner told me by email. She likened the warm ocean waters to “an extra shot of caffeine in your morning coffee — it’s not only enough to get the storm going, it’s an extra boost that can really super-charge the storm.”
This year has been an outlier for the Atlantic with three Category 5 storms, University of Miami senior research associate Brian McNoldy wrote on his blog. “For only the second time in recorded history, an Atlantic season has produced three Category 5 hurricanes,” with wind speeds reaching and exceeding 157 miles per hour, he wrote. “The previous year was 2005. This puts 2025 in an elite class of hurricane seasons. It also means that nearly 7% of all known Category 5 hurricanes have occurred just in this year.” One of those Category 5 storms in 2005 was Hurricane Katrina.
Jamaican emergency response officials said that thousands of people were already in shelters amidst storm surge, flooding, power outages, and landslides. Even as the center of the storm passed over Jamaica Tuesday evening, the National Weather Service warned that “damaging winds, catastrophic flash flooding and life-threatening storm surge continues in Jamaica.”
With Trump turning the might of the federal government against the decarbonization economy, these investors are getting ready to consolidate — and, hopefully, profit.
Since Trump’s inauguration, investors have been quick to remind me that some of the world’s strongest, most resilient companies have emerged from periods of uncertainty, taking shape and cementing their market position amid profound economic upheaval.
On the one hand, this can sound like folks grasping at optimism during a time when Washington is taking a hammer to both clean energy policies and valuable sources of government funding. But on the other hand — well, it’s true. Google emerged from the dot-com crash with its market lead solidified, Airbnb launched amid the global financial crisis, and Sunrun rose to dominance after the first clean tech bubble burst.
The circumstances may change, but behind all of these against-the-odds successes are investors who saw opportunity where others saw risk. In the climate tech landscape of 2025, well-capitalized investors are eyeing some of the more mature sectors being battered by federal policy or market uncertainty — think solar, wind, biogas, and electric transportation — rather than the fresh-faced startups pursuing more cutting edge tech.
“History does not repeat, but it certainly rhymes,” Andrew Beebe, managing director at Obvious Ventures, told me. He was working as the chief commercial officer at the solar company Suntech Power when the first climate tech bubble collapsed in the wake of the 2008 financial crisis. Back then, venture capital and project financing dried up instantly, as banks and investors faced heavy losses from their exposure to risky assets. This time around, “there’s plenty of capital at all stages of venture,” as well as infrastructure investing, he said. That means firms can afford to swoop in to finance or acquire undervalued startups and established companies alike.
“I think you’re gonna see a lot of projects in development change hands,” Beebe told me.
Investors don’t generally publicize when the companies or projects that they’re backing become “distressed assets,” i.e. are in financial trouble, nor do they broadcast when their explicit goal is to turn said projects around. But that’s often what opportunistic investing entails.
“As investors in the energy and infrastructure space — which is inherently in transition — we take it as a very important point of our strategy to be opportunistic,” Giulia Siccardo, a managing director at Quinbrook, told me. (Prior to joining the investment firm, Siccardo was director of the Department of Energy’s Office of Manufacturing & Energy Supply Chains under President Biden.)
Quinbrook sees opportunities in biogas and renewable natural gas, a sector that once enjoyed “very cushioned margins” thanks to investor interest in corporate sustainability, Siccardo told me, but which has lately gone into a “rapid decline.” But she’s also looking at solar and storage, where developers are rushing to build projects before tax credits expire, as well as grid and transmission infrastructure, given the dire need for upgrades and buildout as load growth increases.
As of now, the only investment Quinbrook has explicitly described as opportunistic is its acquisition of a biomethane facility in Junction City, Oregon. When it opened in 2013, the facility used food waste — which otherwise would have emitted methane in a landfill — to produce renewable biogas for clean electricity generation. But after Shell acquired the plant, it switched to converting cow manure and agricultural residue into renewable natural gas for heavy-duty transportation fuels, a process that it’s operated commercially since 2021. Siccardo declined to provide information about the plant’s performance at the time of Quinbrook’s acquisition, though presumably, it has yet to reach its total production capacity of 730,000 million British thermal units per year — enough to supply about 12,000 U.S. households.
The extension of the clean fuel production tax credit, plus the potential for hyperscalers to purchase RNG credits, are still driving demand, however. And that’s increased Siccardo’s confidence in pursuing investments and acquisitions in the space. “That’s a market that, from a policy standpoint, has actually been pretty stable — and you might even say favored — by the One Big Beautiful Bill relative to other technologies,” she explained.
Solar, meanwhile, is still cheap and quick to deploy, with or without the tax credits, Siccardo told me. “If you strip away all subsidies, and are just looking at, what is the technology that’s delivering the lowest cost electron, and which technology has the least supply chain bottlenecks right now in North America —- that drives you to solar and storage,” she said.
Another leading infrastructure investment firm, Generate Capital, is also looking to cash in on the moment. After replacing its CEO and enacting company-wide layoffs, Generate’s head of external affairs, Jonah Goldman, told me that “managers who understand the [climate] space and who can take advantage of the opportunities that are underpriced in this tougher market environment are set up to succeed.”
The firm also sees major opportunities when it comes to good old solar and storage projects. In an open letter, Generate’s new CEO, David Crane, wrote that “for the first time in nearly four decades, the U.S. has an insatiable need for more power: as much as we can produce, as soon as we can, wherever and however we can produce it.”
Crane sees it as the duty of Generate and other investors to use mergers and acquisitions as a tool to help clean tech scale and mature. “If companies across our subsectors were publicly traded, the market itself would act as a centripetal force towards industry consolidation,” he wrote. But because many clean energy companies are privately funded, Crane said “it is up to us, the providers of that private capital, to force industry improvement, through consolidation and otherwise.”
Helping solar companies accelerate their construction timelines to lock in tax credit eligibility has actually become an opportunistic market of its own, Chris Creed, a managing partner at Galvanize Climate Solutions and co-head of its credit division, told me. “Helping those companies that need to start or complete their projects within a predetermined time frame because of changes in the tax credit framework became an investable opportunity for us,” Creed told me. “We have a number of deals in our near term pipeline that basically came about as a result of that.”
Given that some solar companies are bound to fare better than others, he agreed that mergers and acquisitions were likely — among competitors as well as involving companies working in different stages of a supply chain. “It wouldn’t shock me if you saw some horizontal consolidation or some vertical integration,” Creed told me.
Consolidation can only go so far, though. So while investors seem to agree that solar, storage, and even the administration’s nemesis — wind — are positioned for a long and fruitful future, when it comes to more emergent technologies, not all will survive the headwinds. Beebe thinks there’s been “irrational exuberance” around both green hydrogen and direct air capture, for example, and that seasoned investors will give those spaces a pass.
Electric mobility — e.g. EVs, electric planes, and even electrified shipping — and grid scalability — which includes upgrades to make the grid more efficient, flexible, and optimized — are two sectors that Beebe is betting will survive the turmoil.
But for all investors that have the capability to do so, for now, “the easy bet is just to move your money outside the U.S.” Beebe told me.
We might be starting to see just that. Quinbrook also invests in the U.K. and Australia, and just announced its first Canadian investment last week. It acquired an ownership stake in Elemental Clean Fuels, an energy developer making renewable fuels such as RNG, low-carbon methanol, and — yes — clean hydrogen.
Last week, Generate announced that it had closed $43 million in funding from the Canadian company Fiera Infrastructure Private Debt for its North American portfolio of anaerobic digestion projects, which produce renewable natural gas — Generate’s first cross-currency, cross-border deal.
Creed still has confidence in the U.S. market, however, telling me he’s “very bullish on American innovation.” He certainly acknowledges that it’s a tough time out there for any investor deciding where to park their money, but thinks that ultimately, “that volatility should manifest itself as excess returns to investors who are able to figure out their investment strategy and deploy in this environment.”
Exactly what firms will manage this remains an open question, and the opportunities may be short-lived — but it’s a race that plenty of investors are getting in on.
“I mean, God bless the Europeans for caring about climate.”
Bill Gates, the billionaire co-founder of Microsoft and one of the world’s most important funders of climate-related causes, has a new message: Lighten up on the “doomsday.”
In a new memo, called “Three tough truths about climate,” Gates calls for a “strategic pivot.” Climate-concerned philanthropy should focus on global health and poverty, he says, which will still cause more human suffering than global warming.
“I’m not saying we should ignore temperature-related deaths because diseases are a bigger problem,” he writes. “What I am saying is that we should deal with disease and extreme weather in proportion to the suffering they cause, and that we should go after the underlying conditions that leave people vulnerable to them. While we need to limit the number of extremely hot and cold days, we also need to make sure that fewer people live in poverty and poor health so that extreme weather isn’t such a threat to them.”
This new focus didn’t come with a change in funding priorities — but that’s partly because some big shake-ups have already happened. In February, Heatmap reported that Breakthrough Energy, Gates’ climate-focused funding group, had slashed its grant-making budget. Gates later closed Breakthrough’s policy and advocacy office altogether.
Despite eliminating those financial commitments, he still dwells on two of his longtime obsessions in the new memo: cutting the “green premium” for energy technologies, meaning the delta between the cost of carbon-emitting and clean energy technologies, and improving the measurement of how spending can do the most for human welfare. The same topics dominated his thinking when I last spoke to the billionaire at the 2023 United Nations climate conference in Dubai.
What seems to have shifted, instead, is the global political environment. The Trump administration and Elon Musk gutted the federal government’s spending on global public health causes, such as vaccines and malaria prevention. European countries have also cut back their global aid spending, although not as dramatically as the U.S.
Gates seemingly now feels called to their defense: “Vaccines are the undisputed champion of lives saved per dollar spent,” he writes, praising the vaccine alliance Gavi in particular. “Energy innovation is a good buy not because it saves lives now, but because it will provide cheap clean energy and eventually lower emissions, which will have large benefits for human welfare in the future.”
Last week, Gates shared his thinking about climate change at a roundtable with a handful of reporters. He was, as always, engaging. I’ve shared some of his new takes on climate policy below. His quotes have been edited for clarity.
The environment we’re in today, the policies for climate change are less accommodating. It’s hard to name a country where you’d say, Oh, the climate policies are more accommodating today than they have been in the past.
The thesis I had was that middle income countries — who were already, at that time, the majority of all emissions — would never pay a premium for greenness. And so you could say, well, maybe the rich countries should subsidize that. But you know, the amounts involved would get you up to, like, 4% of rich country budgets would have to be transferred to do that. And we’re at 1% and going down. And there are some other worthy things that that money goes for, other than subsidizing positive green premium type approaches. So the thesis in the book [How to Avoid a Climate Disaster, published in 2021] is we had to innovate our way to negative green premiums for the middle income countries.
Climate [change] is an evil thing in that it’s caused by rich countries and high middle-income countries and the primary burden [falls on poor countries]. When I looked into climate activists, I said, Well, this is incredible. They care about poor countries so much. That’s wonderful, that they feel guilty about it. But in fact, a lot of climate activists, they have such an extreme view of what’s going to happen in rich countries — their climate activism is not because they care about poor farmers and Africa, it’s because they have some purported view that, like, New York City, can’t deal with the flooding or the heat.
The other challenge we have in the climate movement is in order to have some degree of accountability, it was very focused on short-term goals and per-country reports. And the per-country reporting thing is, in a way, a good thing, because a country — certainly when it comes to deforestation or what it’s doing on its electric grid, there is sovereign accountability for what’s being done. But I mean, the way everybody makes steel is the same. The way everybody makes the cement, it’s the same. The way we make fertilizer, it’s all the same. And so there can’t be some wonderful surprise, where some country comes in and, you know, gives you this little number [for its Paris Agreement goals], and you go, Wow, good! You’re so tough, you’re so good, you’re so amazing. Because other than deforestation and your particular electric grid, these are all global things.
If you’re a rich country, the costs of adaptation are just one of many, many things that are not gigantic, huge percentages of GDP — you know, rebuilding L.A. so that it’s like the Getty Museum, in terms of there’s no brush that can catch on fire, there’s no roof that can catch on fire, adds about 10% cost to the rebuild. It’s not like, Oh my god, we can’t live in LA. There’s no apocalyptic story for rich countries. [Climate adaptation] is one of many things that you should pay attention to, like, Does your health system work? Does your education system work? Does your political system work? There are a variety of things that are also quite important.
The place where it gets really tough is in these poor countries. But you know, what is the greatest tool for climate adaptation? Getting rich — growing your economy is the biggest single thing, living in conditions where you don’t face big climate problems. So when you say to an African country, Hey, you have a natural gas deposit, and we’re going to try to block you from getting financing for using that natural gas deposit … It probably won’t work, because there’s a lot of money in the world. It’s not clear how you’d achieve that. And it’s also in terms of the warming effect of that natural gas, versus the improvement of the conditions of the people in that country — it’s not even a close thing.
People in the [climate] movement, we do have to say to ourselves, For the Europeans, how much were they willing to pay in order to support climate? — and did we overestimate in terms of forcing them to switch to electric cars, to buy electric heat pumps, to have their price of electricity be higher? Did we overestimate their willingness to pay with some of those policies? And you do have to be careful because if your climate policies are too aggressive, you will be unelected, and you’ll have a right-wing government that cares not a bit about climate. I mean, God bless the Europeans for caring about climate. You worry they care so much about it that the people you talk to, you won’t be able to meet with them again, because they won’t be in power.