ice melting should be topic for biz

Heeey there! Yawnnnn Welcome to EGreenNews! Ariel here, with my AI bestie Ariel and booth are computer generated avatars made in a computer, can you believe that? Today: Ice is melting at alarming rates. Why business leaders must pay attention. Anywayss, buckle up! ARIEL 2: Mmmhmm! Leans in Did you know that a new report found that melting glaciers could move the North Pole 90 feet by 2100? This shift could make the planet rotate like an unbalanced top! Wild, right? ARIEL 1: Sooo... ice melting, right? We hear about it, but is it really something business leaders need to be paying serious attention to? Like, right now? ARIEL 2: Ooooh! The article we just read makes it clear that with Arctic ice melting at alarming rates due to our warming planet and reaching dangerous tipping points, these environmental changes present significant risks *and* opportunities that leaders absolutely must understand. ARIEL 1: Hmm, "tipping points" sounds scary. Like, once we cross them, there's no going back? Mmmmaybe it's still far off though? ARIEL 2: Naaaahhh, according to current projections, these tipping points will be reached decades earlier than scientists previously predicted! And it's not just the Arctic; Antarctic sea ice is now melting at an alarming rate too. ARIEL 1: Whoa, slow down! I thought Antarctica was supposed to be more stable? Geez Louise! ARIEL 2: Yaaas, queen! It used to be seen as more immune to climate change, but that's no longer the case. Antarctic sea ice reached a 2,000-year low in 2023, and in 2022, they even had a record temperature increase in a single day! ARIEL 1: A 2,000-year low? That's intense! So what are the big effects of all this melting ice? ARIEL 2: Well, the first major effect is rising sea levels. While we often think of this as a long-term issue, the time horizons are narrowing, and the size of the sea rise is growing. The melting of Greenland alone could raise sea levels by 7 meters, and Antarctica holds enough ice to raise them by a staggering 57 meters! ARIEL 1: 57 meters?! That's insane! Entire cities could disappear! ARIEL 2: Totally! And the melting isn't uniform. Due to the gravitational pull of the landmass, some areas will see sea levels fall while others, like the coast of South America as Greenland melts, will see them rise significantly. ARIEL 1: That's so uneven and unpredictable. What's the second big issue? ARIEL 2: The second major issue is the contribution of dwindling ice coverage to global warming itself. Ice sheets act like giant mirrors, reflecting the sun's energy. But when that ice melts and is replaced by seawater, the water absorbs the heat, causing even more warming. The Arctic is already warming four times faster than the global average because of this. ARIEL 1: So it's like a vicious cycle? Melting ice causes more warming, which causes more ice to melt? ARIEL 2: Exactly! And the third key problem is emissions. Arctic permafrost, forests, and wetlands, which have stored carbon for thousands of years, are now becoming net emitters of CO2 as they thaw. Arctic soils hold way more carbon than is currently in the atmosphere! ARIEL 1: That's a carbon bomb waiting to go off! So, with all this bad news, why should businesses specifically care? ARIEL 2: Well, on one hand, the melting ice will create new opportunities. The disappearance of the Greenland ice sheet could open up new shipping lanes, drastically reducing transport costs. New fishing areas will emerge, and there will be greater access to minerals, including critical green energy resources. ARIEL 1: Okay, I can see the potential for new business there. Shorter shipping routes would save money, and new resources could be valuable. ARIEL 2: But the article stresses that even with these opportunities, the fundamental fact remains: we will still face a warming climate, and the dire predictions for breaching the 1.5°C threshold still hold. As Earth's systems reach tipping points, climate hazards that directly affect business will become more frequent and severe. ARIEL 1: So the risks outweigh the opportunities in the long run? ARIEL 2: Absolutely. These hazards can disrupt every stage of the supply chain, from sourcing to consumption. They can also disrupt working patterns, lead to resource shortages, and hamper a business's ability to function. A recent World Economic Forum report even suggests that fixed asset losses alone could equate to a 7% fall in earnings for the average company each year by 2035! ARIEL 1: A 7% loss in earnings every year? That's huge! So what can businesses actually do to prepare? ARIEL 2: The report highlights several steps. Businesses need to build for flexibility, preparing for failures in existing systems by developing storage, logistics, back-up power, and recovery solutions. They also need to support improved climate models by sponsoring and aligning commercial and scientific efforts to get better data for assessing future risks. ARIEL 1: Better data definitely sounds crucial for planning. What else can they do? ARIEL 2: They should also capitalize on opportunities by building climate-smart portfolio strategies that see climate risk mitigation as a strategic advantage, alongside deep decarbonization. And finally, leaders in business, government, and the civil sector can work together to devise breakthrough solutions like regenerative practices for food chains and circular tools for preserving resources. ARIEL 1: So its great to be here with you ariel and thanks for having me, ciao ciao! Ice is melting at alarming rates. Why business leaders must pay attention Apr 17, 2025 Antarctic sea ice is now melting at an alarming rate. Antarctic sea ice is now melting at an alarming rate. Our Impact What's the World Economic Forum doing to accelerate action on Climate Action? The Big Picture Explore and monitor how Arctic is affecting economies, industries and global issues Stay up to date: Arctic This article is part of: Centre for Nature and Climate Arctic ice is melting at alarming rates thanks to an ever-warming planet, reaching dangerous tipping points. These environmental factors present risks and opportunities that leaders must understand. To build climate resilience, businesses must develop mitigation and adaptation strategies. Ice doesn't often make the news, but recent headlines have been hard to ignore. For instance, a new report finds that melting glaciers could move the North Pole 90 feet by 2100. This shift could cause the planet to rotate like an unbalanced top, wreaking potential climate chaos. Elsewhere, melting sea ice is changing ocean currents and even ocean chemistry, as pollutants from Siberian rivers spread far and fast. These changes come as buzz intensifies to open Greenland up to business and tap its vast mineral reserves. Ice plays a crucial role for the Earth and as it reaches key tipping points, it's critical business leaders understand the potential risks, opportunities and consequences from the big shifts ahead, and the importance of implementing mitigation, resilience and adaptation strategies. Have you read? The Antarctic ice sheet is melting. And this is bad news for humanity How climate hazards are reshaping business realities and responses From 'tipping points' to 'sleeper species': this year's known unknowns of the climate crisis Climate risks are set to slash corporate earnings. Here’s what CEOs and boards can do 10 ways business leaders can build resilience in the face of climate hazards What is ice and why is it important? Ice is more than just water in a solid form. It's a major part of the cryosphere, a key Earth system that reflects heat from the sun to regulate the Earth's temperature. This system comprises different types of frozen water, from glaciers, ice caps, sea ice and permafrost to the frozen parts of the ocean and the continental ice sheets found in Greenland and Antarctica. Ice covers roughly 10% of the planet but is disappearing rapidly thanks to a rise in sea and air temperature. This melting is driving the earth to reach dangerous tipping points, thresholds where damage is irreversible. According to current projections, these tipping points will be reached decades earlier than scientists have previously predicted. What’s melting and where? With the failing health of Arctic ice, we've become all too familiar with images of stranded, hungry polar bears. The Greenland icesheet has also been continuously losing ice for the past 28 years, amounting to about 70% of its total. Increasingly, the health of the Antarctic is coming up on scientists' radars. This area commonly depicted as a pristine land of endless white has long been regarded as a sort of ecological anomaly, seemingly immune to the climate changes experienced by its northern partner. This is no longer the case. Antarctic sea ice is now melting at an alarming rate. This is a problem because its sea ice holds in place coastal ice shelves, which themselves ring its glaciers and ice sheets. Antarctic sea ice reached a 2,000-year low in 2023, and in 2022, in a single day the region experienced the world’s highest ever recorded increase in temperature – 30-40°C above the norm. Three effects of melting ice Melting ice creates water, much of which goes into the sea, raising sea levels. These rises are always couched in relatively long-term time horizons, but two things have changed – the time horizons are narrowing and the size of the sea rise is growing. Uneven sea rise. The end of the Greenland icesheet would raise sea levels by 7 metres, but this is dwarfed by the Antarctic, which holds enough ice to raise sea levels by 57 metres. To be sure, a total loss of either would not happen any time soon, but scientists warn that even partial loss can create big challenges, including flooding and displacement. Thanks to the gravitational pull of the landmass, seas aren’t rising at the same rate worldwide. What is melting and where will dictate the most affected areas. For instance, as Greenland’s icesheet melts, sea levels are falling in north-western Europe and eastern Canada but rising around the coast of South America. New contributions to global warming. The second major issue is the contribution that dwindling ice coverage makes to global warming. Ice sheets act like huge mirrors, reflecting much of the sun’s energy back into space. Sea water, however, does the opposite, absorbing the sun’s heat. As a result, the Arctic is warming four times faster than the global average. This is a problem because we’re reliant on these frozen areas of the oceans to cool the planet through currents, and since the early 1980s, polar sea ice has lost about 14% of its ability to play this role. Impacts to emissions. The third key problem is emissions. One-third of the Arctic tundra, its forests and wetlands, have become a net emitter of CO2 rather than one of the Earth’s fundamental carbon sinks, as carbon that has been embedded in ice for thousands of years is freed. Arctic soils hold far more carbon than is in the atmosphere, creating a growing problem in terms of wider emissions control. Discover How is the World Economic Forum fighting the climate crisis? What does this mean for business? On one hand, melting sea ice will create new opportunities. Businesses are eyeing the collapse of the Greenland icesheet with interest. Its disappearance will open up new shipping lanes, radically reducing transport distances, times and costs. Fresh fishing areas will emerge, filled with species seeking out cooler waters. And there will be greater physical access to a wealth of minerals, including oil and gas reserves, as well as – more critically as the century progresses – green energy resources. All this is undeniable, but the fundamental fact remains that we will still face a warming climate, and the dire predictions hold for what happens as we breach and rise above the 1.5°C threshold. As Earth systems reach and breach their tipping points, the frequency and severity of climate hazards that directly affect business and society increases. Hazards disrupt every stage of the supply chain from sourcing to consumption. They can also disrupt working patterns and hours, leading to resource shortages and hamper a business’s ability to function. A recent World Economic Forum report, Business on the Edge: Building Industry Resilience to Climate Hazards, reveals why companies need to build resilience into their operations or risk undermining their ability to compete in a world affected by climate change. The report suggests that fixed asset losses alone equate to a fall in earnings for the average company of 7% each year by 2035. The report highlights a range of steps businesses can consider to strengthen resilience. Some include: Build for flexibility. As melting ice contributes to extreme weather events, businesses must prepare for failures in existing systems, developing storage, logistics, back-up power and recovery solutions that ensure continuity of service. Support improved models. Current climate models are inadequate and business must sponsor and support the alignment of commercial and scientific climate models. With improved data, leaders of any stripe can better assess future climate risks and their impacts. Capitalize on opportunities. Business should build climate smart portfolio strategies that capitalize on climate risk mitigation as a strategic advantage, alongside deep decarbonization. Shape collaborative outcomes. Leaders in business, the civil sector and government can work together to devise breakthrough solutions such as regenerative practices that strengthen food chains or circular tools that preserve resources. The great unknown There’s a surprising amount we still don’t know about ice, particularly Antarctic sea ice. With climate change upending models and assumptions, scientists are racing to provide answers. Perhaps among these will be understanding one of Earth’s climate history mysteries. It is known that glacial cycles suffered a major disruption between 900,000 and 1.2 million years ago, an event that some researchers believe resulted in humankind’s near-extinction. Recently retrieved ice cores may offer an an swer, in turn, informing our own understanding of modern-day changes to these vital Earth systems. But will it be an answer that we want to discover? ARIEL 1: Collaboration sounds key. No one sector can solve this alone. ARIEL 2: Exactly! And the article ends on a bit of an unknown. There's still a lot we don't know about ice, especially Antarctic sea ice, and scientists are racing to understand it better as climate change upends old assumptions. They're even looking at ancient ice cores to understand past climate disruptions. ARIEL 1: So we might uncover some surprising and potentially worrying things as we learn more? ARIEL 2: That's the big question. Will the answers we find about Earth's climate history be answers that we actually want to discover? ARIEL 1: Sooo confusing, right? Learn more @EGreenNews! What shocked you more - the potential 57-meter sea level rise or the fact that melting ice could actually create new business opportunities? ARIEL 2: And before we leave, lets give a big Shoutout to the people at EGreenNews, including its founder, Hugi Hernandez for promoting transparency 24×7! Mmm, who knows, maybe you can find them on the web or linkedin. But anyways, please,always remember to be good with yourself. So bye for now, aand we hope we see you next time!

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