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Higher global demand for the drink and climate change’s effect on supply are behind the upward trend.
The most populated North American metro area is facing a “Day Zero” scenario, and longstanding issues with infrastructure and water management are part of the problem.
Banks have invested trillions of dollars since the Paris Agreement went into effect.
With climate change hiking insurer costs, the state may allow catastrophe modeling as a stopgap, says former Insurance Commissioner Dave Jones.
“We can’t really address the problem without engaging business at full scale,” says Columbia Business School’s Bruce Usher.
The Energy Information Association expects electricity demand to rise by 4% this summer, anticipating that it’ll be even hotter than last year.
Regions that depend on it are having to look to other sources of energy — which can cost more.
Climate risk and inflation are making insurance harder to find and mortgages harder to afford.
Private equity investor Jay Koh says more than 800 companies in the public markets offer solutions that create financial opportunity.
The key to building out the low-carbon energy source could be the city’s trademark alleys.