Windfall: The Booming Business of Global Warming

Global warming's physical impacts can be separated into three broad categories: melt, drought, and deluge. Funk travels to two dozen countries to profile entrepreneurial people who see a potential windfall in each of these forces.

The melt is a boon for newly arable, mineral rich regions of the Arctic, such as Greenland-and for the man-made snow trade. Drought creates opportunities for private firefighters working for insurance companies as well as for fund managers backing south Sudanese wa...