If cities were stocks, you’d want to short Phoenix.

Of course, it’s an easy city to pick on. The nation’s 13th largest metropolitan area (nudging out Detroit) crams 4.3 million people into a low bowl in a hot desert, where horrific heat waves and windstorms visit it regularly. It snuggles next to the nation’s largest nuclear plant and, having exhausted local sources, it depends on an improbable infrastructure to suck water from the distant (and dwindling) Colorado River.
In Phoenix, you don’t ask: What could go wrong? You ask: What couldn’t?
And that’s the point, really. Phoenix’s multiple vulnerabilities, which are plenty daunting taken one by one, have the capacity to magnify one another, like compounding illnesses. In this regard, it’s a quintessentially modern city, a pyramid of complexities requiring large energy inputs to keep the whole apparatus humming. The urban disasters of our time -- New Orleans hit by Katrina, New York City swamped by Sandy -- may arise from single storms, but the damage they do is the result of a chain reaction of failures -- grids going down, levees failing, backup systems not backing up. As you might expect, academics have come up with a name for such breakdowns: infrastructure failure interdependencies. You wouldn’t want to use it in a poem, but it does catch an emerging theme of our time.
Phoenix’s pyramid of complexities looks shakier than most because it stands squarely in the crosshairs of climate change. The area, like much of the rest of the American Southwest, is already hot and dry; it’s getting ever hotter and drier, and is increasingly battered by powerful storms. Sandy and Katrina previewed how coastal cities can expect to fare as seas rise and storms strengthen. Phoenix pulls back the curtain on the future of inland empires. If you want a taste of the brutal new climate to come, the place to look is where that climate is already harsh, and growing more so -- the aptly named Valley of the Sun.

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