Counterculture or moon shots? Rachel Carson or James Lovelock? What prompted U Thant, the Secretary General of the UN in 1969, to sign the declaration to bring about an annual Earth Day? The first one was celebrated in 1970, the Paris Climate Treaty was signed on another. Now in a year that has seen record breaking heat waves simultaneously at both poles (40 Celsius above normal in Antarctica, 30 Celsius above in the Arctic) in a week in early March, and a heat wave in April covering south east, south, and central Asia, Earth Day has come around again. All tipping points are long past, now it is a matter of survival.
The risk of Armageddon has risen dramatically. Stay bullish on stocks over a 12-month horizon.
Attributed to BCA Research in a tweet
We have known for quite a while that climate changes in the past couple of million years drove the evolution of the genus Homo. A brilliant new paper gathers archaeological and computational evidence that Homo sapiens arose in a climate change event 300-400 thousand years ago. If we are the product of a climate change, it stands to reason that large changes in the global climate can drive us into extinction, or at least into a population crash. If the weather is not the end of us, it could be the end of civilization. Quite a storm? Place a buy order with your broker. Better still, read some books or listen to an interesting lecture. Some suggestions follow.
Grasslands of India by Jayashree Ratnam (on Youtube)
Yesterday I listened to Ratnam’s talk about the unrecognized savannas of India. She gave a very clear definition: if the tree canopy is not continuous, then it is a savanna. The sunlight percolating to the ground allows lots of ground layer plants to grow. As a result, the competition to reach the sun does not drive the ecology, and it is totally different from a forest with a canopy. Whenever I’ve traveled in the last couple of years I’ve come across a savanna mis-classified as a degraded forest. As a result of this colonial-era mistake these habitats are being destroyed and species which need such a habitat are now endangered: the black buck, the Indian elephant, the great Indian bustard, the Bengal Florican. Ratnam gave a wonderful account of the under-counting of biodiversity in such biomes. She went on to talk about the cost of this mistake in climate mitigation efforts. Large scale tree planting in these biomes kill the undergrowth and release soil carbon into the atmosphere which is not compensated by the trees. The discussion at the end was specially interesting.
A take-away lesson: by merely re-focusing on highly modified ecologies like cities, roads, their verges and those of farmlands, the very large economy that has been built around carbon-neutrality can work without endangering grassland species.
Otherlands by Thomas Halliday (Penguin)
Traveling across the planet can give us a view of the enormous variety of life that shares this current climate with us. But they are mostly limited to what grows in this current range of temperatures, humidity, or oxygen and CO2 in the atmosphere. Halliday then takes us on a tour of what kinds of biomes the earth supported in vastly different eras. The billion year journey is illuminating: our current crisis is not a crisis for the earth, it is for our own survival. A changed climate will support different animals and different plants.
A take-away lesson: the earth endures, species don’t.
A Natural History of the Future by Rob Dunn (Hachette)
If you live in a city you might have noticed the life around you. Not just the gardens full of roses, other colourful flowers, and the weeds, the songbirds, pigeons, and crows, dogs and rats and their individual fleas, the mosquitos, flies, and the cockroaches, but also the lichens and mosses that grown on concrete, SARS-CoV-2, and other diseases, all live in an ecology we have created. Dunn writes about how the human-modified environment drives evolution. One of the interesting chapters in the book looks at the particular ecological niche that we humans occupy. Interestingly, most humans continue to occupy this niche even today. Across the globe today, and in recorded history, less ideal climates, or extreme climate variability, generally contribute to a fall in GDP and an increase in violent crime.
A take-away lesson: free movement is essential for the survival of species as the climate changes; so one needs to create green corridors joining different biospheres. It is an interesting political exercise to think that the same lesson also holds for humans.