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WINE
grapes don’t grow very well in the Maldives. Actually,
other than coconuts and bananas, not much does.
Yet this
tropical paradise has something in common with the
world’s oldest vineyards. Not the grapes—the rose
bushes. Vintners often surround their vines with more
fragile vegetation as a kind of alarm system. If some
kind of disease emerges, it will show up on the bushes
on the periphery first.
The same
is true of the
Maldives
with regard to the forces of climate change. A crude
analogy perhaps, yet one to which politicians and
investors should pay more attention. Our global rose
bushes are flashing warning signs.
“We are
on the frontlines,” fisherman Akbar Ibrahim, 48,
recently told me in Male, the Maldives capital, while
preparing to head out to sea. “I hope we are sending
signals out across the world.”
The
average elevation of this 1,200-island-nation in the
Indian Ocean is 1.5 meters (59 inches) above sea level.
Home to 330,000, the Maldives was reminded of its
vulnerabilities during the tsunami of December 2004.
Most of the nation was underwater for a few minutes.
Since
then, President Abdul Gayoom has stepped up efforts to
get rich nations to reduce greenhouse gases and reverse
global warming. Last week, he hosted a meeting of small
island-nations to find a common strategy to halt trends
that threaten to submerge them.
“The
projected rise in sea levels by the end of this century
could mean that our islands may become uninhabitable,”
said Gayoom, who has long worried that rising
temperatures and melting ice caps will precipitate the
“death of a nation.”
Good
news
The good
news is that the world is listening. Former US Vice
President Al Gore sharing this year’s Nobel Peace Prize
with a United Nations panel was a huge boost. Another
important step came November 17 when the
Intergovernmental Panel on Climate Change warned
governments they will have to spend billions of dollars
annually to slow warming and adapt to its effects.
“Slowing
and reversing these threats is the defining challenge of
our age,” UN Secretary-General Ban Ki Moon said last
week.
The bad
news is that it’s easier said than done. By 2100, the
panel said, sea levels might rise as much as 59
centimeters (23 inches) and temperatures could increase
6.4° Celsius (11.5° Fahrenheit) thanks to greenhouse-gas
emissions. These projections may even prove
conservative; it could all happen much sooner.
Bad news
Yet the
odds favor the status quo as leaders from Washington to
Beijing realize the magnitude of the steps necessary.
A report
last year by former World Bank economist Nicholas Stern
found that failure to invest now might cut global gross
domestic product by 5 percent to 20 percent. The longer
leaders wait, the more expensive things will become and
the more detrimental it will be to bond and stock
markets.
Bold and
rapid action is needed; world leaders are still only
talking. Even as leaders such as
US
President George W. Bush talk more seriously about
climate change, there are too many reasons for pessimism
to list here.
Bush’s
unwillingness to force Americans to conserve energy more
comes to mind. So does the way many Asian governments
plan to fuel their economies for years to come with
so-called clean coal. It’s a marginal improvement over
conventional coal, yet Asia must pursue cleaner
energies, not other fossil fuels.
Dodgy
air
Consider, too, Tata Motors Ltd.’s plan to introduce a
car priced at about 100,000 rupees ($2,474) in 2008.
While great news for emerging-market consumers, it’s
dismal news for Asia’s air quality. Imagine how things
will look when 500 million Chinese and 500 million
Indians own cars and a couple of air conditioners.
Or
consider Saudi Prince Alwaleed bin Talal buying an
Airbus SAS A380 superjumbo jet for personal use. That
$319-million purchase is being financed by a lack of
energy conservation and efficiency. Just as there are
magazine-cover curses that signal peaks in markets,
there are purchases that epitomize the hubris of our
times. This has got to be one of them.
We need
“political, economic and moral leadership to address
climate change,” said Amjad Abdulla, assistant director
of the Maldives Ministry of Environment, Energy and
Water. “Failure to address these challenges will have
devastating consequences for human rights, homes,
livelihoods and, ultimately, human lives.”
Bigger
targets
Well
before that happens, the Maldivian economy might be
devastated. Rising ocean temperatures threaten the
nation’s famed coral reefs. That would take out the two
biggest industries of
South Asia’s richest economy: tourism and fishing.
The more
we fill up our sport-utility vehicles and pump
industrial waste into our skies without a second
thought, the less chance low-lying nations have of
surviving. If you’re still wondering why you should
care, consider this: Once the Maldives is underwater,
rising sea levels will start encroaching on far bigger
targets such as Jakarta, Mumbai, New York, Shanghai and
Tokyo.
The
world can pretend there’s no crisis; our global rose
bushes show one is indeed budding. |