Here is a blog piece that is worth reading by by Frank Lowenstein and Evan Girvetz of the Nature Conservancy.
Here are some juicy quotes;
"And this summer the impacts of our mounting climate debt became clear. July was the hottest month ever in U.S. history (3.3°F above the 20th century average). Drought has reduced water levels in soils and rivers across much of the country, and spectacular and unprecedented heat has evaporated what little water is available, baking our soils and forests. With the natural resilience of our forests and watersheds reduced, climate bankruptcy hits home, yielding charred homes from fires in Colorado; suffering in stifling, power-less homes across the East; and reduced yields in the parched breadbasket of the Midwest.