Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Sunday, September 8, 2013

Global warming continues

Yet more evidence:

The melting of Antarctic and Greenland ice sheets is accelerating and may trigger faster sea level rise than predicted, according to leaked details of the forthcoming Intergovernmental Panel on Climate Change report.
Greenland's ice added six times more to sea levels in the decade through 2011 than in the prior 10 years, according to details of a draft 2200-page study by the UN agency, obtained by Bloomberg.
The Antarctic experienced a five-fold increase, prompting the UN to raise its forecast for how much the two ice sheets would add to Earth's oceans by 2100.

And this throw-away line:

Together, Greenland and Antarctica contain enough ice to raise global sea levels by almost 66 metres.

[Read more here]

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