Dr. David Allen
In part I we looked at how CO2 levels have spiked since the industrial revolution and the alarming warming trend since 1970.
In part II we look at a range of before and after images that highlight just how quickly our world is changing.
Move the slider from left to right for each image to see the change.
In the Mawson Sea, named after one of Australia’s greatest explorers, new islands are being discovered as the ice recedes over mere decades.
In the Nile Delta, farmland used for millennia is being engulfed by desert.
In Chile, a decade long mega drought has depleted snow depth.
In Australia, we have experienced record-breaking floods as weather patterns become more extreme.
In New Zealand, glaciers are receding at an alarming rate and will not recover unless the warming trend is reversed.
In the Arctic, ice is retreating at a rate of 12% per decade, and it is very likely that the summer sea ice will disappear complete within this century.
Sadly, climate change is impacting ecosystems and livelihoods, not in some distant future, but right now before our eyes.
About the Author
Dr David Allen is head of Short/Long Strategies at Plato, managing the Plato Global Net Zero Hedge Fund. He holds a PhD from Cambridge and Bachelor of Business with First Class Honours.
This communication is prepared by Plato Investment Management Limited (‘Plato’) (ABN 77 120 730 136, AFSL 504616) as the investment manager of the Plato Global Net Zero Hedge Fund (ARSN 654 914 048) (‘the Fund’). Pinnacle Fund Services Limited (‘PFSL’) (ABN 29 082 494 362, AFSL 238371) is the product issuer of the Fund. PFSL is not licensed to provide financial product advice. PFSL is a wholly-owned subsidiary of the Pinnacle Investment Management Group Limited (‘Pinnacle’) (ABN 22 100 325 184). The Product Disclosure Statement (‘PDS’) and Target Market Determination (‘TMD’) of the Fund are available via the links below. Any potential investor should consider the PDS and TMD before deciding whether to acquire, or continue to hold units in, the Fund.
This communication is for general information only. It is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making a decision in relation to investment. It has been prepared without taking account of any person’s objectives, financial situation or needs. Any persons relying on this information should obtain professional advice before doing so. Past performance is for illustrative purposes only and is not indicative of future performance.
Whilst Plato, PFSL and Pinnacle believe the information contained in this communication is reliable, no warranty is given as to its accuracy, reliability or completeness and persons relying on this information do so at their own risk. Subject to any liability which cannot be excluded under the relevant laws, Plato, PFSL and Pinnacle disclaim all liability to any person relying on the information contained in this communication in respect of any loss or damage (including consequential loss or damage), however caused, which may be suffered or arise directly or indirectly in respect of such information. This disclaimer extends to any entity that may distribute this communication.
Any opinions and forecasts reflect the judgment and assumptions of Plato and its representatives on the basis of information available as at the date of publication and may later change without notice. Any projections contained in this presentation are estimates only and may not be realised in the future.
Unauthorised use, copying, distribution, replication, posting, transmitting, publication, display, or reproduction in whole or in part of the information contained in this communication is prohibited without obtaining prior written permission from Plato. Pinnacle and its associates may have interests in financial products and may receive fees from companies referred to during this communication.
“A good decision is based on knowledge and not on numbers.”
Plato (427-347 BC)