Norwegian research vessel RV Kronprins Haakon moves through sea ice north-west of the Arctic archipelago of Svalbard. AP Images
Norwegian research vessel RV Kronprins Haakon moves through sea ice north-west of the Arctic archipelago of Svalbard. AP Images
Norwegian research vessel RV Kronprins Haakon moves through sea ice north-west of the Arctic archipelago of Svalbard. AP Images
Norwegian research vessel RV Kronprins Haakon moves through sea ice north-west of the Arctic archipelago of Svalbard. AP Images

Arctic could be ice-free by summer 2027, scientists warn


Neil Murphy
  • English
  • Arabic

An ice-free Arctic is possible by the summer of 2027, even earlier than previous pessimistic predictions by climate scientists.

Arctic ice is shrinking at an unprecedented rate of 12 per cent every 10 years due to greenhouse gas emissions, potentially leading to its first ice-free day before the end of the decade. Such an event is expected to significantly alter the Earth's ecosystem and lead to more extreme weather.

Scientists at the University of Boulder Colorado in the US and the University of Gothenburg in Sweden used computer modelling to predict when the first ice-free day could occur. They carried out hundreds of computer simulations and found that, while still unlikely, an ice-free day was possible in the next three to six years as global air temperatures rise. The findings were published on Tuesday in the journal Nature Communications.

“The first ice-free day in the Arctic won’t change things dramatically,” said Alexandra Jahn, associate professor in the Department of Atmospheric and Oceanic Sciences and fellow at CU Boulder’s Institute of Arctic and Alpine Research. “But it will show that we've fundamentally altered one of the defining characteristics of the natural environment in the Arctic Ocean, which is that it is covered by sea ice and snow year-round, through greenhouse gas emissions.”

A polar bear on ice floes in the British Channel in the Franz Josef Land archipelago in 2021. AFP
A polar bear on ice floes in the British Channel in the Franz Josef Land archipelago in 2021. AFP

The team's previous analysis published in March found that the ice-free milestone could occur sometime in the mid-2030s. They have previously looked at the impact of an ice-free month in the Arctic.

At 1.65 million square miles, or 4.28 million square kilometres, this year's Arctic sea ice minimum the day with the least frozen seawater – was one of the lowest on record since 1978, but above the all-time low observed in September 2012. That was a stark decline compared to the average coverage of 6.85 million square kilometres between 1979 and 1992. When the Arctic Ocean has less than 1 million square kilometres of ice, scientists say the Arctic is ice-free.

This year is on track to be the hottest on record, according to the World Meteorological Organisation, which has also issued a red alert to highlight that 2015-2024 will be the warmest decade in history.

Prof Jahn and Dr Céline Heuzé from the University of Gothenburg estimated the first ice-free Arctic day using output from over 300 computer simulations. They found that most models predicted that the first ice-free day could happen within nine to 20 years after 2023, regardless of how humans alter their greenhouse gas emissions.

The researchers found that a series of extreme weather events could melt two million square kilometres or more of sea ice in a short period of time: an unusually warm autumn first weakens the sea ice, followed by a warm Arctic winter and spring that prevents sea ice from forming. When the Arctic experiences such extreme warming for three or more years in a row, the first ice-free day could happen in late summer. Warm years have already happened – for example, in March 2022 areas of the Arctic were 10°C (50°F) warmer than average, and areas around the North Pole were nearly melting.

With climate change, the frequency and intensity of these weather events will only increase, according to Dr Heuzé. Sea ice protects the Arctic from warming by reflecting sunlight back into space. With less reflective ice, darker ocean waters will absorb more heat from the Sun, further increasing temperatures in the Arctic and globally. In addition, warming in the Arctic could change wind and ocean current patterns, leading to more extreme weather around the world.

But there is also good news: a drastic cut in emissions could delay an ice-free Arctic and reduce the time the ocean stays ice-free, according to the study. “Any reductions in emissions would help preserve sea ice,” Prof Jahn said.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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Favourite place in UAE: Al Rams pearling village

What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft

Your favourite type of pearl: All of them. No pearl looks the same and each carries its own unique characteristics, like humans

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Ruwais timeline

1971 Abu Dhabi National Oil Company established

1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants

1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed

1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.  

1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex

2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea

2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd

2014 Ruwais 261-outlet shopping mall opens

2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies

2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export

2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.

2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery 

2018 NMC Healthcare selected to manage operations of Ruwais Hospital

2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13

Source: The National

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Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

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The National's picks

4.35pm: Tilal Al Khalediah
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Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Company profile

Company: Eighty6 

Date started: October 2021 

Founders: Abdul Kader Saadi and Anwar Nusseibeh 

Based: Dubai, UAE 

Sector: Hospitality 

Size: 25 employees 

Funding stage: Pre-series A 

Investment: $1 million 

Investors: Seed funding, angel investors  

UK’s AI plan
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  • £10bn AI growth zone in South Wales to create 5,000 jobs
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  • £250m to train new AI models
Company Profile

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Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

The bio

Studied up to grade 12 in Vatanappally, a village in India’s southern Thrissur district

Was a middle distance state athletics champion in school

Enjoys driving to Fujairah and Ras Al Khaimah with family

His dream is to continue working as a social worker and help people

Has seven diaries in which he has jotted down notes about his work and money he earned

Keeps the diaries in his car to remember his journey in the Emirates

If you go

The flights

Fly direct to London from the UAE with Etihad, Emirates, British Airways or Virgin Atlantic from about Dh2,500 return including taxes. 

The hotel

Rooms at the convenient and art-conscious Andaz London Liverpool Street cost from £167 (Dh800) per night including taxes.

The tour

The Shoreditch Street Art Tour costs from £15 (Dh73) per person for approximately three hours. 

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Name: Maitha Qambar

Age: 24

Emirate: Abu Dhabi

Education: Master’s Degree

Favourite hobby: Reading

She says: “Everyone has a purpose in life and everyone learns from their experiences”

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Uefa Champions League semi-finals, second leg:

Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE

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Updated: December 04, 2024, 6:36 AM