A visit to Arizona last year brought this home…When on a pink Jeep tour of the Cococino National Forest near Sedona, I asked our guide whether the area had seen a reversal of fortune on rainfall, and he said that the green we saw was only from a recent reprieve of some precipitation, otherwise the mostly brown vegetation was from the 20-year mega drought, with average annual rainfall 75% below average.
https://www.wsj.com/articles/arizonas-dry-future-begins-as-colorado-river-shrinks-11650718801
Christopher K. Merker, PhD, CFA, is a director with Private Asset Management at Robert W. Baird & Co. and executive-in-residence and co-director of the Marquette S-Lab. He is also founder and chair of the board of Water + Energy Forward, a green bank focused on market-based climate solutions. He holds a PhD in investment governance and fiduciary effectiveness from Marquette University, where he has taught “Sustainable Finance” since 2009. He publishes
Sustainable Finance and is co-author of
The Trustee Governance Guide: The Five Imperatives of 21st Century Investing.
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