As Arctic Night Falls, Sea Ice Holds Its Ground

The sun has just set at the top of the world, and the weather in that neck of the woods is about as lousy as you would expect. The temperature dropped to 4 degrees Fahrenheit earlier this week at the world’s northernmost outpost, Alert, in Canada’s Nunavut territory.

Another Arctic winter is coming.

Nevertheless, the high Arctic is still the epicenter of global climate change, and the scientific and policy controversies that surround the topic. Much of the region has just experienced another abnormally warm summer. Springtime snowpack was extremely low across Siberia, which set the stage for thawing breezes to blow offshore toward the Arctic Ocean’s ice pack. This followed a freakishly warm winter – part of last winter’s strong La Nina event – over Greenland and eastern Canada, which left that typically frigid locale almost devoid of sea ice last season.

The result was that the Arctic ice pack was smaller than average when the melt season started, and it declined rapidly when warm winds blew over it from Siberia. For much of the season, the National Snow and Ice Data Center (NSIDC) reported that the ice pack was at the smallest seasonal extent since regular satellite observations became available in 1979.

But the sea ice extent did not ultimately fall quite as low as the record set on Sept. 16, 2007. The NSIDC released preliminary figures this week showing that the ice pack reached its minimum on Sept. 9 at 1.67 million square miles, compared to 2007’s low of 1.61 million square miles. After touching its low for the year, the ice pack has made an unusually sharp turn upward, though it is not clear whether this is a result of early cold weather or of winds that can simply disperse the ice over a larger area of ocean.

These are the bare facts. How we interpret them depends largely on the perspectives and biases we bring to the task.

Most, though not all, of the climate science community is convinced that the reduction in Arctic sea ice, like many other phenomena such as the retreat of freshwater glaciers, is mainly the product of human-induced climate change. Reflecting this viewpoint, the NSIDC itself said this year’s low point “continues the decadal trend of rapidly decreasing summer sea ice.”

The NSIDC uses the first 22 seasons of satellite data, from 1979 through 2000, as its baseline for measuring departures from historic ice levels. During that period, the average minimum ice extent was 2.59 million square miles. The 2007 record low was 38 percent below this level – the continuation of a trend that was present even in the last decades of the 20th century, and which accelerated in the first years of the 21st.

But can we say that this year’s low marks a further progression of this trend? If we were just graphing the two data points – the minimum ice extent for 2007 and 2011 – we would observe a slight rise. The rise itself is not significant, but it calls into question whether this year’s data really represents a continuation of “rapidly decreasing” summer ice. (The NSIDC notes that other researchers, using other data sources that were not available during the baseline period, believe this year’s ice extent or volume was lower than in 2007, but there is no way to quantify long-term trends in those data sets.)

The trend line is equally unclear if we consider the results of the intervening years. In 2008, the sea ice recovered somewhat from its low point. It recovered further, and more substantially, in 2009. Then the ice pack shrank last summer back to 1.78 million square miles, a tad larger than 2008. I think the fairest way to describe the figures is that, after a period of rapid shrinkage earlier in the decade, the ice pack’s summer minimum size has fluctuated over the past four years.

This is not entirely unexpected. Researchers for the Study of Environmental Arctic Change wrote in 2008 that ice levels might fluctuate for several years until, as happened in the summer of 2007, a dramatic ice loss in a single year brings the pack to a new and lower plateau. The process would repeat itself as more time passed. Of course, if you were skeptical of the scare headlines from several summers ago that predicted the imminent demise of the ice pack, you would not be surprised to find that the floating ice has been holding its ground.

I follow developments in the Arctic for several reasons. First, I find the science interesting and the region fascinating. Second, the far northern latitudes have always been most sensitive to dramatic swings in climate, going back in recorded time to the Viking era and extending far earlier in prehistory. But mostly, I follow this because climate trends and what to do about them present one of the most important and difficult policy questions of our lifetime, one that may extend well into the adulthoods of our children and grandchildren.

Climate has always changed, often radically and sometimes suddenly. Not that long ago, geologically speaking, the great Laurentide ice sheet covered the sites of modern New York City and Chicago; a remnant persists on Canada’s Baffin Island today. Less than 13,000 years ago, as the glaciers generally retreated, a 1,300-year period known as the Younger Dryas (also called “the Big Freeze”) sent temperatures in the middle latitudes plummeting; scientists believe the change occurred in less than a decade. More recently, there was the warm period during which Iceland and Greenland were settled, the Little Ice Age that coincided with the Renaissance, and the modern period of warming.

I don’t doubt that climate changes, and I don’t doubt that human activity is a factor, given the changes in our atmosphere’s composition and in land use patterns. But I question our ability to accurately model future climate trends when we have such an imperfect understanding of historical climate shifts. And I especially doubt our political and scientific readiness to respond to climate change in ways that also recognize that the human population is 7 billion and growing and that all those people need adequate food, clean water, suitable shelter, and ways to make a living, now and in the future.

So I keep an eye each summer on the news from the far north. If the Arctic ice pack is really disappearing, it’s going to have to shrink further than it already has. The past four years have not provided much evidence either way.

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About Larry M. Elkin 564 Articles

Affiliation: Palisades Hudson Financial Group

Larry M. Elkin, CPA, CFP®, has provided personal financial and tax counseling to a sophisticated client base since 1986. After six years with Arthur Andersen, where he was a senior manager for personal financial planning and family wealth planning, he founded his own firm in Hastings on Hudson, New York in 1992. That firm grew steadily and became the Palisades Hudson organization, which moved to Scarsdale, New York in 2002. The firm expanded to Fort Lauderdale, Florida, in 2005, and to Atlanta, Georgia, in 2008.

Larry received his B.A. in journalism from the University of Montana in 1978, and his M.B.A. in accounting from New York University in 1986. Larry was a reporter and editor for The Associated Press from 1978 to 1986. He covered government, business and legal affairs for the wire service, with assignments in Helena, Montana; Albany, New York; Washington, D.C.; and New York City’s federal courts in Brooklyn and Manhattan.

Larry established the organization’s investment advisory business, which now manages more than $800 million, in 1997. As president of Palisades Hudson, Larry maintains individual professional relationships with many of the firm’s clients, who reside in more than 25 states from Maine to California as well as in several foreign countries. He is the author of Financial Self-Defense for Unmarried Couples (Currency Doubleday, 1995), which was the first comprehensive financial planning guide for unmarried couples. He also is the editor and publisher of Sentinel, a quarterly newsletter on personal financial planning.

Larry has written many Sentinel articles, including several that anticipated future events. In “The Economic Case Against Tobacco Stocks” (February 1995), he forecast that litigation losses would eventually undermine cigarette manufacturers’ financial position. He concluded in “Is This the Beginning Of The End?” (May 1998) that there was a better-than-even chance that estate taxes would be repealed by 2010, three years before Congress enacted legislation to repeal the tax in 2010. In “IRS Takes A Shot At Split-Dollar Life” (June 1996), Larry predicted that the IRS would be able to treat split dollar arrangements as below-market loans, which came to pass with new rules issued by the Service in 2001 and 2002.

More recently, Larry has addressed the causes and consequences of the “Panic of 2008″ in his Sentinel articles. In “Have We Learned Our Lending Lesson At Last” (October 2007) and “Mortgage Lending Lessons Remain Unlearned” (October 2008), Larry questioned whether or not America has learned any lessons from the savings and loan crisis of the 1980s. In addition, he offered some practical changes that should have been made to amend the situation. In “Take Advantage Of The Panic Of 2008” (January 2009), Larry offered ways to capitalize on the wealth of opportunity that the panic presented.

Larry served as president of the Estate Planning Council of New York City, Inc., in 2005-2006. In 2009 the Council presented Larry with its first-ever Lifetime Achievement Award, citing his service to the organization and “his tireless efforts in promoting our industry by word and by personal example as a consummate estate planning professional.” He is regularly interviewed by national and regional publications, and has made nearly 100 radio and television appearances.

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