Worsening US drought conditions are a major 2021 weather story
Drought is an insidious climate threat — by the time it has a hold of a region, impacts on ecosystems and water supplies can be locked in. It may not grab extreme weather headlines like the disrupted polar vortex or record hurricane season, but drought during 2020 and heading into 2021 is a looming story likely to grow in importance….In the Southwest, population growth and years of drought conditions are putting the region on a collision course with drastic water management decisions. On Wall Street, traders can now bet on California water futures on commodity markets, enabling them to hedge against future scarcity…