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Showing posts with label Leo Hickman. Show all posts
Showing posts with label Leo Hickman. Show all posts

Thursday, June 13, 2013

Leo Hickman: Met Office to brainstorm on UK weather whiplash and causes

Met Office brainstorms UK bad weather

Climate scientists and meteorologists are meeting next week to debate the causes of UK's disappointing weather in recent years
Woman walking through floodwater
Flooding at North Cave, near Hull, in June 2007. The Met Office is hosting a meeting to discuss the UK’s unusual weather. Photograph: Christopher Furlong/Getty Images
 
Washout summers. Flash floods. Freezing winters. Snow in May. Droughts. There is a growing sense that something is happening to our weather. But is it simply down to natural variability, or is climate change to blame?

To try to answer the question the Met Office is hosting an unprecedented meeting of climate scientists and meteorologists next week to debate the possible causes of the UK's "disappointing" weather over recent years, the Guardian has learned.

Tuesday's meeting at the forecaster's HQ in Exeter is being convened in response to this year's cool spring, which, according to official records, was the coldest in 50 years.
The one-day gathering will be led by Stephen Belcher, head of the Met Office Hadley Centre and professor of meteorology at the University of Reading, and will include up to 20 experts from the UK's leading climate research institutions.

The "roundtable workshop" will attempt to outline the "dynamical drivers of the cold spring of 2013," but attendees are expected also to debate the "disappointing summers of the last seven years." 

Official records show that above-average temperatures in summer last occurred in 2006, a season that had above-average sunshine hours, and below-average rainfall. The only summer since then to give us average conditions nationally was in 2010.

The meeting will also discuss the washout summer of 2012 and the freezing winter of 2010–2011.

The Met Office said it had never held a formal meeting in this way to discuss possible causes behind the UK's unusual weather of recent years.

Scientists are normally reluctant to attribute anomalous weather to climate change because climate is typically defined as a regional average pattern of weather witnessed over a period of 30 or more years.

However, the attendees will discuss a range of possible causes, including melting Arctic sea ice, changes to ocean currents in the north Atlantic, and alterations to the jet stream.

They will examine the current state of the science regarding these possible drivers and identify what further research is needed, and a discussion about whether climate models need to be revised to take into account any recent changes to weather patterns, not just in the UK but across the rest of Europe. This week, the National Farmers Union said that 30% less wheat than normal was being grown in the UK this year due to the recent weather. In addition to this year's cold spring, 2012 was the second wettest year in England since 1910, according to the Met Office.

Peter Stott, who leads the Met Office's climate monitoring and attribution team, said there were "tentative indications in recently published papers that melting Arctic sea ice is affecting the position and behaviour of the jet stream." But the recent unpredictability could be caused by "natural variability or something more long term." It was still too soon to be sure.

One attendee at the meeting, Doug Parker, professor of meteorology at the University of Leeds, said: "We are universally finding that the links between the weather and climate communities are increasing and overlapping. Most climate issues reduce down to questions about what weather events are like, and the representation of short-term weather events is a key challenge in climate modelling. People are increasingly conscious that there is a change [to our weather]. There have been informal discussions in our communities about this for a while now. The key question is whether this is down to natural variability alone, or whether climate change is now projecting on to, and adding to, natural variability. I am going to the meeting with my eyes and ears open."

A Met Office spokesman said: "We have seen a run of unusual seasons in the UK and northern Europe, such as the cold winter of 2010, last year's wet weather and the cold spring this year. This may be nothing more than a run of natural variability, but there may be other factors impacting our weather there is emerging research which suggests there is a link between declining Arctic sea ice and European climate – but exactly how this process might work and how important it may be among a host of other factors remains unclear."
 
http://www.guardian.co.uk/uk/2013/jun/13/met-office-uk-bad-weather-cause

Friday, April 12, 2013

Jeremy Grantham, environmental philanthropist: 'We're trying to buy time for the world to wake up'

You've probably never heard of him, and for years Jeremy Grantham liked it that way. But now the man who made billions by predicting every recent financial crisis is speaking out

environmental philanthropist Jeremy Grantham
'Anyone who says government can’t do this, or can’t do that, I say a pox on you' … environmental philanthropist Jeremy Grantham. Photograph: Martin Godwin for the Guardian
by Leo Hickman, The Guardian, April 12, 2013

One icy morning in February, a train pulled into Washington, DC. It was loaded with environmentalists planning to handcuff themselves to the gates of the White House, in protest at the building of a 3,500-km oil pipeline from Canada to the Gulf of Mexico. Amid the hundreds of placard-carrying protesters stood a somewhat incongruous figure in a suit – Jeremy Grantham, a 74-year-old fund manager. "What we are trying to do is buy time," he told reporters. "Buy time for the world to wake up."
Grantham – who occupies a legendary place in the world of finance for predicting all the major stock market bubbles of recent decades (and doing very well in the process) – had decided, after 15 years of low-key environmental philanthropy, to, as he puts it, "walk the walk."
"I was committed to getting arrested," says Grantham, a tall, slight man, as he looks out across the City from his London office on the 15th floor of a glass-and-steel tower next to the Bank of England. He speaks machine gun-quickly in a soft, mid-Atlantic accent. "But the day before [the protest] my wife checked with the lawyer, who said, 'Don't do that!'" It turned out that being arrested would give him serious problems when it came to travelling. "I've had a green card since completing my MBA at Harvard in 1964."
Grantham, co-founder and chief strategist of GMO, a Boston-based global investment group, manages $106bn (£69bn) of assets on behalf of 1,000 institutional investors, and employs 600 people, so he decided that the fallout would be too great. He was forced to stand back and watch as his daughter Isabel got arrested, alongside the actor Daryl Hannah, the US's highest-profile environmentalist Bill McKibben, and NASA climate scientist James Hansen.
So he is speaking out instead. From where he stands, this bubble, the "carbon bubble," is the biggest he's seen. "We're already in a bad place. The worst accidents are [only] 20, 30, 40 years from now." Such apocalyptic talk is often the preserve of deep-green doom-mongers – the kind of talk that has led many to reject environmentalism. But Grantham insists he's guided "by the facts alone." On some issues (immigration and education) he "would be considered rightwing," but with the environment, he says he calls it as he sees it. He is disdainful of those who ignore the data, or worse, misinform the public.
"I find the parallels between how some investors refuse to recognise trends, and our reaction to some of our environmental challenges, very powerful," he says. "There is an unwillingness to process unpleasant data. In a bull market you want to believe good news. You don't want to hear that the market is going to go off a cliff." He finds climate sceptics – led by a "little army of non-scientific, persuasive loony lords," as he characterises them (a barely disguised reference to the former Conservative chancellor Lord Lawson and Ukip's Lord Monckton, both of whom promote, to varying degrees, climate-sceptic views) – a frustrating ideological phenomenon. "They have profound beliefs – as opposed to knowledge – that they are willing to protect by all manner of psychological tricks. So you have people who are very smart – great analysts and hedge-fund managers – who on paper know that their argument is wrong, but who promote it fiercely because they are libertarians. Anyone with a brain knows that climate change needs governmental leadership, and they can smell this is bad news for their philosophy. They are using incredible ingenuity to steer their way around facts they do not choose to accept."
Grantham, who was born in Hertfordshire and raised by his Quaker grandparents in Doncaster, freely admits to being a "late arrival to all this." After completing a degree in economics at the University of Sheffield in the early 1960s, he worked for a short stint at Shell before going to Harvard for an MBA. In 1977, he co-founded GMO [Grantham, Mayo, Van Otterloo]. Making his clients – and himself – wealthy filled his working days until the mid-1990s. And then he went on holiday with his children, to the Amazon and Borneo. "And without thinking about it, you start talking about the logs along the side of the river and the lack of mature forests in Borneo." He smiles, seeing the risk of being accused of being driven by emotion rather than rigorous statistical analysis. "That played a role, but we didn't treat it as an epiphany."
And he didn't preach. For years he has remained, Oz-like, behind the curtain of the environmental movement. He has shunned in-depth interviews and expressed his views only in quarterly newsletters published on GMO's website, where he writes of long-term risk, climate change and dwindling resources – not just oil, coal and natural gas, but also phosphorus and potash, whose use in modern farming methods "must be drastically reduced in the next 20–40 years or poorer countries will begin to starve."
At the same time, he has poured an ever-larger amount of his personal wealth into his Grantham Foundation for the Protection of the Environment, which he runs, with family input (his children are trustees) and minimal staff, out of GMO's Boston headquarters. The foundation's latest tax filing shows that in 2011 he increased the fund's coffers by $46m (£30m), bringing the total to something approaching $400m (£260m), up from $106m in 2006. Ever the wise moneyman, he has largely reinvested this money, in order to guarantee the foundation's long-term security. But he also spends about $17m annually on his chosen causes, in the process becoming, according to one magazine, the "world's most powerful environmentalist."
Run your finger down the tax document and you see why. In 2011 alone, his foundation gave $1m to each of the leading US conservation charities, the Sierra Club and Nature Conservancy, as well as $2m to the Environmental Defense Fund, where his German-born wife Hannelore is a trustee and where Isabel has also worked. He is perhaps best known in the green world for funding the London School of Economics' Grantham Research Institute on Climate Change and the Environment ($2.2m in 2011), and Imperial College London's Grantham Institute for Climate Change ($1.9m in 2011), but he funds climate researchers in India, too. He has written large cheques for the Carnegie Institute of Science, the Smithsonian, 350.org, WWF, Greenpeace and, keen to counter what he calls the "misinformation machine," funds environmental journalism at National Public Radio, the Center for Investigative Journalism, grist.org, Media Matters and the Yale Forum on Climate Change & the Media. Until last year (when he decided investigative and environmental journalism was "dying out" due to cutbacks), he funded the world's most lucrative journalism award, the annual $80,000 Grantham prize for environmental reporting.
In the past few months, however, there has been a conspicuous gear-shift in his activities. In addition to being more outspoken, he intends to support new research initiatives, particularly into "avant garde, sustainable" farming techniques. He talks of a "hybrid" form of farming that takes the best of organic farming and the best from "Big Ag." He doesn't rule out "compromises" such as genetic modification, which some environmentalists will find hard to swallow.
Having said that, his interest isn't entirely selfless. "Fifteen years ago, we started a forestry division [at GMO] because I had fallen in love with land and trees, and because I realised it was a mispriced asset class. We have done extremely well in that sector, outperforming the benchmark for 15 years."
Many deep-greens – who claim the root cause for our environmental woes is the slavish quest for economic growth – will recoil at the thought of a hard-boiled capitalist such as Grantham underpinning so much of the environmental movement. He is unconcerned. "Capitalism does millions of things better than the alternatives. It balances supply and demand in an elegant way that central planning has never come close to. However, it is totally ill-equipped to deal with a small handful of issues. Unfortunately, they are the issues that are absolutely central to our long-term well-being and even survival."
More awkwardly, he insists his substantial investments in oil and gas don't contradict his green views. "We need oil. If we took oil away tomorrow, civilisation ends. We can burn all the cheap, high-quality oil and gas, but if we mean to burn all the coal and any appreciable percentage of the tar sands, or even third-derivative, energy-intensive oil and gas, with 'fracking' for shale gas on the boundary, then we're cooked, we're done for."
He does think there's some cause for hope. For example, "the business mathematics of alternative energy are changing much faster [than many people] realise." Looming carbon taxes ("hopefully, in the not-too-distant future"), coupled with the increasing affordability of alternative energy, will mean that coal and oil from tar sands run the "very substantial risk of being stranded assets." There there's the "amazing" fall in fertility rates across the world ("the absolute minimum hope of survival is a gracefully declining population").
But "China is my secret weapon," he says enthusiastically. His eyes widen with excitement, and he talks quicker and quicker. "The Chinese cavalry riding to the rescue. I have very high hopes for China because they have embedded high scientific capabilities in their leadership class. They know this is serious. And they are acting much faster now than we are. They have it within their capabilities to come back in 30 years with the guarantee of complete energy independence – all alternative and sustainable for ever. They have an embarrassment of capital. We have an embarrassment of debt. So they can set a stunning pace, which they are doing. And they could crank it up. To hell with their five-year plans, they should move up to 25-year plans. They would have such low-cost energy at the end of it they'd be the terror of the capitalist system. Low energy and low labour, that's the ball game."
But he argues that there is no reason why the west can't compete. "Anyone who says government can't do this, or can't do that, I say a pox on you; have a look at the Manhattan Project. They did remarkable things. They stuck the brightest minds out in the desert. They were herding cats with great egos, but it worked. If we did that on alternative energy, we'd be home free."
Read a longer version of this interview, discussing the books he's currently reading and his views on austerity and Superstorm Sandy, at guardian.co.uk/environment on Monday