The climate is changing and most of us are aware of this fact. The earth has gone through very warm periods (22°C some 50 to 70 million years ago) and very cold periods (6°C some 600,000 years ago). The average global temperature is currently 14°C.
Historically, most of this variation was caused by the elliptical orbit the earth takes around the Sun or by the release of carbon by extreme volcanic periods such as the uplift of the Himalayas 60 million years ago. By studying the effects of these historical events, we have a good understanding of what the impacts of rising global temperatures caused by the release of carbon may have for the future of the Earth, and thus the impacts on industry.
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Source: Business Advantage PNG