Quick answer
Weather sentences have no subject: Хо́лодно (it’s cold), Идёт дождь (it’s raining — literally “rain is going”).
What it is doing
How it feels
The seasons
In use
Typical mistakes
Э́то хо́лодно.
Хо́лодно.
Weather sentences need no subject at all.
Дождь идёт на у́лицу.
На у́лице идёт дождь.
Outside as a place is на у́лице, prepositional.
Check yourself
How do you say “it is raining”?