Tag Archives | Global Warming

Wall Street Exploring Ways To Profit From Global Warming

Turning lemons into really pricy lemonade. Bloomberg on the investment companies banking on massive windfalls as the planet heats:

Investing in climate change used to mean putting money into efforts to stop global warming. Now some investors are taking another approach. Working under the assumption that climate change is inevitable, they’re investing in businesses that will profit as the planet gets hotter.

Derivatives that help companies hedge against abnormal weather and natural catastrophes are drawing increased interest from big players. In January, KKR bought a 25 percent stake in Nephila Capital, an $8 billion Bermuda hedge fund that trades in weather derivatives.

Drought is helping spur business at Water Asset Management. The New York hedge fund, which has about $400 million under management, buys water rights and makes private equity and stock market investments in water treatment companies.

Ole Christiansen is also investing to take advantage of rising temperatures. “Last summer we were exploring in south Greenland, mainly for gold,” says the chief executive officer of NunaMinerals (NUNA), a local mining company.

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Research Suggests Volcanoes Are Tamping Down Global Warming

Via the University of Colorado Boulder:

A team led by the University of Colorado Boulder looking for clues about why Earth did not warm as much as scientists expected between 2000 and 2010 now thinks the culprits are hiding in plain sight — dozens of volcanoes spewing sulfur dioxide.

The study results essentially exonerate Asia, including India and China, two countries that are estimated to have increased their industrial sulfur dioxide emissions by about 60 percent from 2000 to 2010 through coal burning, said lead study author Ryan Neely, who led the research as part of his CU-Boulder doctoral thesis. Small amounts of sulfur dioxide emissions from Earth’s surface eventually rise 12 to 20 miles into the stratospheric aerosol layer of the atmosphere, where chemical reactions create sulfuric acid and water particles that reflect sunlight back to space, cooling the planet.

Neely said previous observations suggest that increases in stratospheric aerosols since 2000 have counterbalanced as much as 25 percent of the warming scientists blame on human greenhouse gas emissions.

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Earth Goes From Coldest Decade To Hottest In Just One Century

Cavell Glacier with Crevices and Annual RingsNever mind what’s causing it, it’s gettin’ hot up in here! From CNN:

Global warming has propelled Earth’s climate from one of its coldest decades since the last ice age to one of its hottest — in just one century.

A heat spike like this has never happened before, at least not in the last 11,300 years, said climatologist Shaun Marcott, who worked on a new study on global temperatures going back that far.

“If any period in time had a sustained temperature change similar to what we have today, we would have certainly seen that in our record,” he said. It is a good indicator of just how fast man-made climate change has progressed.

A century is a very short period of time for such a spike.

It’s supposed to be cold
The Earth was very cold at the turn of the 20th century. The decade from 1900 to 1909 was colder than 95% of the last 11,300 years, the study found.

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Green Fatigue: Who Cares About Global Warming?

Dry river bed in CaliforniaApparently people are fed up with the challenges of stopping or at least slowing the global warming trend. Sam Masters reports that worldwide concerns about climate change have dropped dramatically since 2009, in the Independent:

Public concern about environmental issues including climate change has slumped to a 20-year low since the financial crisis, a global study reveals.

Fewer people now consider issues such as CO2 emissions, air and water pollution, animal species loss, and water shortages to be “very serious” than at any time in the last two decades, according to the poll of 22,812 people in 22 countries including Britain and the US.

Despite years of studies showing the impact of global warming on the planet, only 49 per cent of people now consider climate change a very serious issue – far fewer than at the beginning of the worldwide financial crisis in 2009.

Worries about climate change first dropped in industrialised nations but they have now also fallen in developing economies including Brazil and China, according to the survey by GlobeScan Radar.

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Institute Pinpoints Which Cities May Be Consumed By Rising Sea Levels

If you’re planning on being cryogenically frozen and then revived in the 22nd century, consider selling your apartment in Tokyo now. New Scientist writes:

Sydney, Tokyo and Buenos Aires watch out. These cities will experience some of the greatest sea level rises by 2100, according to one of the most comprehensive predictions to date.

Sea levels have been rising for over 100 years – not evenly, though. Several processes are at work, says Mahé Perrette of the Potsdam Institute for Climate Impact Research in Germany. Some land is sinking, some is rising. The gravitational pull of disappearing ice sheets lead to a fall in sea levels in their surrounding areas.

Perrette has modeled all of these effects and calculated local sea level rises in 2100 for the entire planet. The global average rise is predicted to be between 30 and 106 centimeters. Coasts around the Indian Ocean will be hard hit, as will Japan, south-east Australia and Argentina.

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Climate Foes Dispute UN Report On Sun’s Role In Global Warming

The sun1Trust Fox News to be in the lead on showcasing climate skeptics delight at a leaked report from the United Nations suggesting that the Sun may be a larger factor in global warming than most scientists have admitted to date:

The Earth has been getting warmer — but how much of that heat is due to greenhouse gas emissions and how much is due to natural causes?

A leaked report by a United Nations’ group dedicated to climate studies says that heat from the sun may play a larger role than previously thought.

“[Results] do suggest the possibility of a much larger impact of solar variations on the stratosphere than previously thought, and some studies have suggested that this may lead to significant regional impacts on climate,” reads a draft copy of a major, upcoming report from the U.N.’s Intergovernmental Panel on Climate Change (IPCC).

The man who leaked the report, StopGreenSuicide blogger Alec Rawls, told FoxNews.com that the U.N.’s statements on solar activity were his main motivation for leaking the document.

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Atmospheric Oxygen Levels Are Dropping Faster Than Atmospheric Carbon Levels Are Rising

http://upload.wikimedia.org/wikipedia/commons/thumb/c/c7/Earth6391.jpg/128px-Earth6391.jpgForget rising temperatures and bigger storms, this is the big problem that neither side of the mainstream debate over environmental destruction is talking about.  Peter Tatchell reported for the Guardian back in 2008:

The rise in carbon dioxide emissions is big news. It is prompting action to reverse global warming. But little or no attention is being paid to the long-term fall in oxygen concentrations and its knock-on effects.

Compared to prehistoric times, the level of oxygen in the earth’s atmosphere has declined by over a third and in polluted cities the decline may be more than 50%. This change in the makeup of the air we breathe has potentially serious implications for our health. Indeed, it could ultimately threaten the survival of human life on earth, according to Roddy Newman, who is drafting a new book, The Oxygen Crisis.

I am not a scientist, but this seems a reasonable concern.

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Four Lectures on Climate Change: Kevin Anderson, Andrew Simms, Gwynne Dyer, and Daniel Nocera

via chycho

We have treated the world as a garbage dump. The damage we have done has been devastating and the repercussions unimaginable.

From the disappearing bees to plastic waste vortex’s in the oceans, from the commodification of water to increasing CO2 emissions for cheap gasoline, from deforestation (pdf) to the melting ice caps, from fracking to the oil sands, our politics, our economics, and our way of life are devastating ecosystems across the globe.

The simple fact is that even though it is our technological evolution that is bringing about an economic metamorphosis that we see manifesting itself as a global financial crisis, it will be the environmental revolution forcing our civilization to implement the concept of sustainability that will finally transform our society. In essence, we need to seriously rethink our current economic system.

There are positive changes taking place on the political front, and then some, but we are losing the battle:

“Humans must immediately implement a series of radical measures to halt carbon emissions or prepare for the collapse of entire ecosystems and the displacement, suffering and death of hundreds of millions of the globe’s inhabitants, according to a report commissioned by the World Bank.

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Climate Alarmism – Using Our Fear of Hurricanes

Via Wattsupwiththat.com

Climate alarmists excel at gathering government funding to “fight” climate change. Today, the U.S. government is spending almost $9 billion each year in grants to study man-made climate change. Tens of billions more are spent for green energy subsidies, grants and loans. The world is spending over $250 billion each year to try to “decarbonize” national economies. Yet, mounting evidence shows that climate change is natural and man-made influences are very small. Suppose we shift efforts away from misguided efforts to control climate and toward solving the real problems of our nation and the world?

Guest post by Steve Goreham

Hurricane Sandy has come and gone, leaving a path of destruction. More than 100 people have been killed and 8.5 million lost power. Nineteen states from Maine to Tennessee were impacted, with deaths reported in 10 states. Widespread flooding and fires caused extensive damage in New Jersey and New York.

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