The unofficial end of summer is upon us, and the climate is leaving its mark.
As of last week, 51 wildfires were still burning across the country, prompting the federal government to raise the national firefighters preparedness level to its highest rating effectively putting firefighters on a “war footing” reports Climate Central.
The most significant wildfire still raging is in Yosemite National Park, and its threatening San Francisco’s water supply.
Texas is now in its third year of drought. Last week’s report from the Texas government shows 97% of the state is suffering from drought.. Texas is not alone, 63% of the nation was experiencing drought conditions at the end of July.
The nation’s investors are worried. An August survey found, according to Bloomberg, “About 81 percent of asset owners and 68 percent of asset managers said they view climate change as a material risk across their entire investment portfolio … Most of the remaining respondents identified climate risks only for certain asset classes, such as real estate and infrastructure.”
If you want to try to find the silver lining, you might note that we haven’t had any hurricanes yet this year. But so far, that’s just a bit of luck. The increased water vapor from climate change doesn’t create hurricanes, it just makes hurricanes that form stronger. And the hurricane season isn’t over yet.