The collision of the credit crunch and the climate crunch could be a boon
We are living through two great meltdowns – the credit crunch, and the climate crunch. The heating of the planet is now happening so fast it's hard to pluck a single event to fix on, but here's one. By the summer of 2013, the Arctic will be free of ice. How big an event it this?
The Wall Street Crash hadn't happened for 80 years. The Arctic Crash hasn't happened for three million years: that's the last time there was watery emptiness at the top of the world. The Arctic is often described as the canary in the coal mine. As one Arctic researcher put it to me this week: the canary is dead. It's time to clear the mine, and run.
We now have higher levels of warming gases in the atmosphere than at any point in modern geological history. The last time they were higher than this was during the ecocene, 50 million years ago. Sea levels were 300 feet higher than today, and crocodiles swam at the poles.
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