The opening of this story does not bring us to a happy world. Climate change has had a major impact, most strongly felt in the heat and the shortage of potable water.
The tech that's involved here, though, includes magic. The companies expected to address the problem are the great magic academies, among them Ozymandias Academy, where once upon a time, a young man named Noah hoped to become a student. When he's finally accepted, though, it's without any financial aid, and his mother, struggling just to support the two of them, has no money. Noah, being a bright young man, puts the blame where it belongs, and in some ways, that sets up later events.