Global warming is a looming planetary disaster, but there will be winners along with the losers, writes Brookings Institute Fellow Gregg Easterbrook. While arable regions turn into arid wasteland and coastal communities sink beneath rising oceans, climate change could trigger a real estate and mineral resources boom in balmier Alaska, Canada, Scandinavia, Russia and newly-thawed Greenland, three times the size of Texas.
The biggest winner may be temperate Siberia, whose endless tracts of permafrost and tundra would become some of the most sought after real estate on earth. There is even advice for keeping your 401ks in line with the rising mercury. Think green energy corporations and Big Pharma.