Bedfellows with the Taliban: cricket beds down with terrorists

One day, a young Talib beat Laila with a radio antenna. When he was done, he gave a final whack to the back of her neck and said, “I see you again, I’ll beat you until your mother’s milk leaks out of your bones.” – A passage from the novel A Thousand Splendid Suns by Khaled Hosseini, which describes the lives of two fictional Afghan women.1

While the above quote is said to a fictional woman in a novel, the reality is that in just the past 12 months, Afghanistan’s Taliban government has:
1. Codified 35 restrictive articles banning women’s voices in public, requiring full Arabic-style hijab, and prohibiting depiction of humans or animals in media. Women may not travel, study, or appear in public spaces without a male guardian (mahram).​2
2. Mandated that women adopt “Arabic hijab style” within five days, with imprisonment for violators. Families are held responsible for non-compliance.3
3. Prohibited women from entering three district parks, extending the preexisting national ban.3
4. Criminalised women speaking or singing audibly in public, across broadcast and real-life settings.4
5. Prohibited women from afternoon medical visits without male accompaniment, severely restricting access to care in provinces like Badakhshan.5
6. Authorised arrests of women and men for “moral corruption”; 38 arrests reported in nine provinces.6
7. Expelled all female medical students from health training colleges nationwide.7
8. Prohibited shopkeepers from talking to female customers in Takhar and Nangarhar provinces to “protect modesty”.8
9. Ordered women to block home windows to avoid being seen by neighbors.9
10. Blocked Hazara-led religious ceremonies in Bamyan and Daykundi Provinces ahead of Ashura.10
11. Facilitated dispossession of Hazara farmlands for Kuchi nomads under “historic restitution” justifications; over 25,000 displaced in 2024–25.11
12. Diverted international rations away from Hazara-majority central highlands to Pashtun-controlled areas.11
13. Marginalised Shia observances by defining “permissible Islamic behavior” under Sunni Hanafi doctrines.12

In all, in the past few months, Afghanistan’s Taliban government has entrenched a dual system of apartheid– gender and sectarian- now recognised by experts as constituting crimes against humanity and genocide risk indicators according to the UN and Human Rights Watch.​

And yet, cricket remains nearly entirely silent.

ICC’s policy on political intervention in cricket
The International Cricket Council (ICC) is cricket’s international governing body. It claims to uphold the autonomy of cricket via its official policy, which prohibits political appointments and undue government interference in the administration of national cricket boards, favouring free elections and board independence,13 and they can suspend a country’s membership for government meddling, with bans or warnings applied until compliance is restored.14

Here are some recent examples of this policy in action:

  • Zimbabwe (2019): The ICC suspended Zimbabwe Cricket for failing to ensure no government interference in its cricket administration, barring their teams from ICC events until the suspension was lifted.15
  • Sri Lanka (2024): Sri Lanka Cricket was suspended by the ICC due to evidence of government interference, including the sacking of board officials and attempts at regulatory control.16 

The South Africa Precedent
One does wonder what the difference is between apartheid South Africa, and present-day Afghanistan in ICC’s eyes. ​

In 1970, the ICC banned South Africa from international cricket due to racial apartheid policies that prevented non-white players from representing the national team and subjected touring players of color to discriminatory treatment.1718 This ban remained in effect for 21 years, until Nelson Mandela’s release and the dismantling of apartheid in 1991.1718

The ICC maintained the ban despite South Africa’s 1976 attempt to desegregate cricket through the formation of a non-racial governing body, the South African Cricket Union.1718 Only after apartheid’s complete dismantling and at the personal request of Nelson Mandela was South Africa readmitted to the ICC and Test cricket in 1991.17

Here’s a comparison of the actions of the Taliban government in Afghanistan with those of some other comparable governments:

CategoryTaliban Afghanistan (2024–2025)Apartheid South Africa (1948–1991)Nazi Germany (1933–1945)Myanmar Junta vs Rohingya (2016–Present)
Basis of OppressionGender, ethnicity, and religion (women, Hazaras, Shia, Tajiks)Race and ethnicity (Black Africans, Coloureds, Indians)Race and religion (Jews, Roma, disabled)1819Ethnicity and religion (Rohingya Muslims)2326
Right to EducationTotal ban on women and girls attending secondary and tertiary institutionsSegregated and inferior “Bantu Education Act” (1953)Jews banned from universities (1933–1938)2021Rohingya schools closed or destroyed2728
Employment RestrictionsWomen banned from most occupations; Hazara excluded from government postsNon‑whites restricted to menial labourJews removed from public service (1933)21Rohingya barred from public sector roles2930
Freedom of MovementWomen require male guardian; Hazaras displaced from ancestral landsPass laws required for Black movement across provincesJews prohibited from using public transport (1941)2223Rohingya confined to internment camps3132
Legal SystemShia and women excluded; Taliban enforces Hanafi systemSeparate, racially biased courts; no franchise for non‑whitesNuremberg Laws stripped Jews of citizenship (1935)24No legal recourse for Rohingya abuses3334
Violence and AtrocitiesTargeted killings, sexual violence, execution of Hazara protestorsPolice brutality, executions, detentionsHolocaust: extermination camps, 6 million Jews killed242017–present killings, over 700,000 displaced3536
Cultural ErasureDestruction of Hazara monuments; ban on female voices and presenceSuppression of African culture and languagesBook burnings, bans on Jewish culture25Destruction of mosques and Rohingya villages3738
International ResponseLimited sanctions, ICC charges for gender persecutionUN boycott and sports sanctions, 1970–1991Nuremberg Trials post‑WWII20ICC genocide probe, UN sanctions on Myanmar3940
ClassificationGender apartheid & ethnic persecutionRacial apartheidGenocide [UN 1948]19Genocide [UN Fact‑Finding Mission 2018]3941
Apparently not an apartheid according to the powers that be in Cricket

Negotiating with terrorists
It’s evident that the ICC believes in being gentle with cricket’s resident terrorists. In April 2025, the ICC confirmed it would not cut funding to the Afghanistan Cricket Board and would instead “pursue dialogue and constructive engagement”.42 An ICC spokesperson told Sky News: “We are committed to leveraging our influence constructively to support the Afghanistan Cricket Board in fostering cricket development and ensuring playing opportunities for both men and women in Afghanistan”.43

Naturally, this approach has yielded no progress.

The India Connection
I believe India’s geopolitics is directly shaping the ICC’s approach to Afghanistan, a pattern evident across multiple recent ICC decisions.

India is responsible for a large part of the ICC’s global revenue,44 primarily through the BCCI and the massive domestic cricket market, and Jay Shah, the son of Indian Home Minister Amit Shah, was elected unopposed as ICC chairman in December 2024, after serving as BCCI secretary and Asian Cricket Council chief.45 India has helped build Afghanistan’s cricketing infrastructure, provided technical training, hosted Afghan teams, funded stadiums, and arranged commercial sponsorships.46

While India does not formally recognise the Taliban government in Afghanistan,47 it (we the citizens, our elected politicians) have adopted a policy of “engagement without recognition.”4849 This means India maintains working diplomatic and economic relations with the Taliban regime, while refraining from granting it official, de jure legitimacy.49 We engage with the Taliban government as the de facto authority in Kabul for practical and strategic reasons, therefore granting it legitimacy.

India’s activities in Afghanistan under the Taliban include diplomatic representation, large-scale humanitarian aid, development assistance, and ongoing political dialogue, especially to safeguard its security and regional interests.50 This approach mirrors India’s policies towards other regimes like the Myanmar junta and Taiwan: open channels for practical coordination, yet withholding formal recognition, consistent with international law on diplomatic relations.5152

​However, In October 2025, following the visit of Taliban Foreign Minister Amir Khan Muttaqi to New Delhi, India announced the upgrading of its technical mission in Kabul to a full embassy, a clear sign of deepening engagement, despite the absence of formal recognition.53

At this point, please also note that I do understand that sanctions against Afghanistan would be less effective than those against apartheid South Africa because the Taliban government, unlike South Africa’s white minority regime, does not depend on international legitimacy or economic integration with cricket-playing nations, and yet if India cared about the girls, women and minorities being oppressed in Afghanistan, they would be banned from cricket.

But India needs a counterweight to Pakistani terrorism against India. Afghanistan under the Taliban serves as a strategic buffer and potential ally in India’s regional security calculations,54 and the Afghan women and minorities are simply not part of the consideration. And as we know, India’s power has affected ICC’s decisions previously.555657

What’s happening right now
Australia remains the only country in cricket that has taken a stand on the matter by refusing to play bilateral matches, citing deep discomfort with the Taliban regime’s escalating crackdown on women’s rights and participation in sport. Since 2021, Cricket Australia has cancelled multiple series, most recently a T20 fixture in 2025.5859

Australia also hosts exiled women cricketers from Afghanistan, such as Benafsha Hashimi and Firooza Amiri, the latter of whom has pleaded that the ICC doesn’t even need to ban the Afghanistan men’s team: “Don’t ban the Afghanistan men’s side from playing international cricket but do expect them to do more for the women and girls who don’t have the same rights they do,” Amiri told ESPN, once again underlining cricket’s silence.60

In March 2025, Human Rights Watch addressed an open letter to ICC Chair Jay Shah, urging the council to suspend Afghanistan’s membership until women and girls regain access to education and sport. Minky Worden, HRW’s Director of Global Initiatives, argued that the ICC’s permissiveness “places it on the side of the Taliban, not the women cricketers in exile”.61

Human Rights Watch and several national cricket boards, including the England and Wales Cricket Board (ECB), have pressed the ICC to adopt a formal human rights policy aligned with UN principles, similar to frameworks now required by the International Olympic Committee (IOC).62 The IOC previously suspended Afghanistan’s Olympic Committee in 1999 for barring female athletes- an exact parallel to today’s situation.

Publicly, the council maintains support for the displaced Afghan women cricketers in exile but has stopped short of recognition or reallocation of resources to them.63 In April 2025, the ICC announced a separate initiative to support displaced Afghan women cricketers through a task force partnering with Cricket Australia, the England and Wales Cricket Board, and the Board of Control for Cricket in India.64 Critically, however, this new funding stream does not reduce or redirect any money from the ACB- the board responsible for excluding women continues to receive full funding.65

As of 2025, the ICC continues to provide the Afghanistan Cricket Board (ACB) with approximately $17 million USD (£13 million) in annual funding, exclusively allocated to men’s cricket.66 This funding persists even as Afghanistan remains the only ICC full member without a women’s team.

Meanwhile, while the International Cricket Council continues to sleep on their job, 2.2 million girls remain banned from school and university education indefinitely.67

NB: I’m not expecting this to make any institutional changes. I’m not expecting any difference in the state of the suffering Afghans. I have no hope of anything getting better. I even understand the geopolitics and the realpolitik behind the Indian Government’s engagement with the terrorists- they’re trying to choose fewer terrorism deaths for Indians over people they are not morally responsible for. I’m writing because I’m exhausted. I’m tired of women paying the price and men absconding responsibility, even traveling the world playing goddamn cricket with impunity while at it. And I’m writing because who else will? The terrorised Afghans certainly cannot. The exiled Afghan cricketers can barely speak out even in a supposedly safe nation like Australia. But perhaps one day this piece may serve as the evidence that people knew what was happening, or even just show those who suffered that we saw them. You were not erased, my sisters.

Sources

  1. A Thousand Splendid Suns Quotes With Page Numbers
  2. Afghanistan: An update on the Taliban’s new “Morality law”
  3. Tracking the Taliban’s (Mis)Treatment of Women
  4. BBC News – Taliban bans women’s voices in public media spaces
  5. UNAMA – Moral Oversight Report: Impacts on Afghan Women (PDF)
  6. USCIRF – 2025 Issue Update: Afghanistan Morality Law
  7. The Lancet – Taliban expels female medical students from Afghan colleges
  8. Human Rights Watch – World Report 2025: Afghanistan
  9. Le Monde – Taliban assault on women’s rights reaches new level
  10. Kabul Now – Taliban blocks planned Shia religious gathering
  11. Minority Rights Group – Hazaras 2025: Ongoing persecution and displacement
  12. Jurist – Violence and Exclusion of Hazaras and Shias under Taliban Rule
  13. ESPNcricinfo – ICC reviewing stance against government interference
  14. Cricbuzz – ICC bans political interference in cricket
  15. BBC Sport – ICC suspends Zimbabwe over political meddling
  16. Church Court Chambers – Why the ICC suspended Sri Lanka Cricket
  17. ESPNcricinfo – Cricket’s Turning Points: South Africa are isolated
  18. Dawn – South Africa uniquely placed as a cricketing nation
  19. Anne Frank House – What is the Holocaust?
  20. Holocaust Memorial Day Trust – Nazi Persecution of the Jews
  21. Holocaust Museum Houston – Anti-Jewish Legislation Research Guide
  22. U.S. National Archives – The Nuremberg Laws
  23. Holocaust Encyclopedia – The Nuremberg Race Laws
  24. Holocaust Encyclopedia – The Nuremberg Race Laws
  25. Holocaust Memorial Day Trust – Nazi Persecution of the Jews
  26. Council on Foreign Relations – What Forces Are Fueling Myanmar’s Rohingya Crisis?
  27. Al Jazeera – Rohingya facing “lost generation” of children out of school
  28. Oxford Human Rights Hub – The Elusive Right to Education for the Rohingya People
  29. Nature – Poverty and Precarious Employment: The Case of Rohingya Refugees
  30. Frontiers in Political Science – Statelessness of an Ethnic Minority: The Case of Rohingya
  31. Fortify Rights – UN Security Council: Refer Mass Internment of Muslims in Myanmar to ICC
  32. Al Jazeera – Myanmar’s Military Coup Prolongs Misery for Rohingya
  33. UK Home Office – Myanmar: Rohingya (including Rohingya in Bangladesh)
  34. OHCHR – Myanmar Authorities Must Ensure Full Legal Recognition of Citizenship Rights
  35. UN OHCHR – Report of the Independent International Fact-Finding Mission on Myanmar (PDF)
  36. Human Rights Watch – No Justice, No Freedom for Rohingya: Five Years On
  37. Human Rights Watch – Burma: Scores of Rohingya Villages Bulldozed
  38. Anadolu Agency – UN Investigative Body Finds Rohingya Villages Destroyed, Land Seized
  39. UN IIMM – Situation of Bangladesh / Myanmar (ICC Documentation Page)
  40. Al Jazeera – ICC Prosecutor Seeks Arrest Warrant for Myanmar Military Regime Chief
  41. Columbia Journal of Transnational Law – Three Avenues to Justice for the Rohingya
  42. ICC – Provides Update on Displaced Afghan Women Cricketers Initiative
  43. ICC – Announces Initiative to Support Afghan Women Cricketers
  44. ESPNcricinfo – BCCI Set to Get Nearly 40% of ICC’s Annual Revenue Share
  45. ICC – Jay Shah Elected Unopposed as Independent Chair of ICC
  46. Sputnik News – How India Has Contributed to Afghanistan’s Rise in Cricket
  47. Hindustan Times – India Formally Upgrades Technical Mission in Kabul to Embassy
  48. ICWA – India’s First Ministerial Engagement with the Taliban
  49. Indian Express – Engagement Without Recognition: Decoding India’s Taliban Policy
  50. Reuters – India to Reopen Its Embassy in Kabul
  51. South China Morning Post – India’s Myanmar Diplomacy Imperils ASEAN’s Peace Process
  52. Carnegie Endowment for International Peace – The Case for a Pragmatic India-Taiwan Partnership
  53. Times of India – India Reopens Kabul Embassy; Full Mission Returns After Four Years
  54. Al Jazeera – Afghan Foreign Minister in India: Why New Delhi Is Embracing the Taliban Now
  55. NDTV Sports – Champions Trophy Hybrid Model ‘Finalised’, Says Report
  56. Cricbuzz – CT 2025: PCB choose UAE as neutral venue for India games
  57. Business Standard – Asia Cup 2023 to be held in Hybrid Model from August 31st to September 17
  58. Al Jazeera – Cricket Australia Defends Afghanistan Boycott After ‘Hypocrisy’ Accusations
  59. SuperSport – Cricket Australia Defends Afghanistan Boycott Stance
  60. ESPNcricinfo – Exiled Afghanistan Women Players Urge Men’s Team to ‘Be the Voice of the Girls’
  61. ESPNcricinfo – Human Rights Watch Asks ICC to Suspend Afghanistan’s Membership
  62. Cricbuzz – ICC Urged to Take Action on Women’s Cricket in Afghanistan
  63. DW – Cricket: Afghanistan Women’s History Is Starting Again
  64. ABC News Australia – ICC Plan for Afghan Women’s Cricket Team “Exciting but Unclear”
  65. Cricket Australia – ICC Establishes Support Fund for Displaced Afghan Women’s Cricketers
  66. Forbes – Funding Set for Displaced Afghan Women Cricketers, but Questions Remain
  67. UNESCO – Afghanistan: Four Years On, 2.2 Million Girls Still Banned from School

Financing Climate Solutions IV: Insurance

Economic and financial impacts of climate change
First, some explanations. In climate change contexts, economists use “Economic Loss” to mean the total monetary impact on communities, sectors, or entire countries, including uninsured damages and broader ripple effects.12 Economic loss is further divided into two types of loss, pure economic loss and consequential economic loss.

Pure Economic Loss is financial harm that occurs without any associated physical damage to property or persons, such as when bad weather warnings keeping people away from events they would otherwise pay to attend.34 Consequential Economic Loss is loss that happens as a consequence of that physical impact, even if not immediately obvious, for example if excessive rains damage a local shop, which then has to shut shop for repairs compromising sales for the period.34

​These distinctions matter because even when it is not immediately evident, climate change drives losses through the economy in multiple ways large and small. Think of unemployment in a region due to a climate exacerbated disaster such as a forest fire which burns down parts of a town or a city, let’s say some warehouses or farms burn down, not only are assets lost in such cases, so is future consumption due to loss in employment income for those who worked in those warehouses or farms. Further, not every loss is or can be insured, but losses such as those caused by consumption loss after considerable climate disasters tend to have ripple effects across economies with no clear physical starting point.

Financial Loss refers to losses in actual money or other financial instruments (for example unencashed cheques lost in a flood event). It’s a more direct concept and includes only what can be counted.23

Understanding these terms helps us understand the following statistics a little better, while also realising that they can never grasp the full magnitude of climate damages.

Economic losses from natural disasters totalled $368 billion globally, driven by hurricanes, severe storms, and record heatwaves. As mentioned, the first half of 2025 is trending higher. In India, climate disasters cost India over $12 billion in 2025, with floods and heatwaves hitting agriculture and productivity especially hard.5 Projections show GDP per capita losses could reach 2.13% by 2025 and exceed 25% by 2100.5 Indeed, if global warming reaches 3°C by 2100, cumulative economic output could shrink by 15–34%. The net cost of inaction translates to a loss equivalent to three times current global health spending by 2100.6

Insuring against climate risks helps manage losses from climate change impacts such as extreme weather events, floods, droughts, and tropical cyclones, as well as more mundane events like too much or too little weather that affect economic performance, such as agricultural output, disrupted sports matches, rained in vacation seasons, and so on. The costs and frequency of extreme weather events have soared, with $100 billion in insured losses recorded in the first half of 2025 alone,78 which is 40% higher than the same period in 2024 and more than double the 21st-century average7.

TermWhat it Means in Practice
Pure Economic LossFinancial hit without physical damage—like lost ticket sales because a bad weather warning kept customers away, even if nothing broke.
Consequential Economic LossCosts that ripple out from a disaster—like lost income when a business shuts for repairs, or when workers lose jobs after a factory burns.
Financial LossTangible money lost—cheques that float away in a flood, crashed stock market values, or direct property damage costs.
In summary

Risk
The standard formula for risk is: Risk = Probability × Impact, where probability is the simple likelihood of an event happening, like we studied in school (here’s a post that talks about probability in deeper detail), and impact is how severe the consequences of the event would be, if it were to happen.9

In practice, insurers and climate researchers use risk matrices or quantitative models to assess and rank multiple risks in order of urgency, severity and other metrics. The formula for these kinds of advanced risk models can substitute “probability” with metrics like frequency, exposure, vulnerability, or asset value, and here the formula can change to something closer to: Risk = Threat Frequency × Vulnerability × Asset Value.910

Financial institutions increasingly conduct climate stress tests to assess resilience under various climate scenarios. These tests measure CRISK, which measures the expected capital shortfall under climate stress scenarios, and functions similarly to financial crisis stress tests but incorporating climate risk factors.10 During the 2020 fossil fuel price collapse, major global banks experienced substantial CRISK increases; Citigroup’s climate-related capital shortfall rose by $73 billion in 2020 alone.10

Stress testing involves three steps: measuring climate risk factors (often using stranded asset portfolio returns as transition risk proxies), estimating time-varying climate betas for institutions, and computing capital shortfalls under stress scenarios.11

DON’T PANIC HERE’S AN EXPLANATION: It’s like asking, if climate disasters happen, how much trouble would this bank be in? A stranded asset portfolio is the collection of companies that the bank is lending to, or whose stocks it owns, that would suffer most if the world suddenly got serious about fighting climate change. From this we subtract the returns of some regular stocks so that we can isolate the impacts of climate change. So let us say an extreme climate event happens, and this portfolio crashes by 50% in market value (market value is the value the portfolio assets would get if sold in the open market). Climate beta is a way to understand how much the bank’s own share price responds to climate events, or to governments cracking down on transition sensitive industries that it owns in the stranded asset portfolio. If a bank has lent lots of money to an oil and gas company, it will have a higher climate beta. We use the share price of the bank because it provides a real-time, market-based reflection of how investors perceive the bank’s overall financial health and risk exposure, including its sensitivity to climate-related events, making it a practical and observable indicator for assessing potential future losses and calculating stress test outcomes, which basically means that markets process information faster than accountants. Continuing with our example, let’s assume the bank has a climate beta of 0.6. In extreme climate stress (50% fossil fuel portfolio crash), this bank’s stock price would fall by 30% (0.6 × 50%). The final step is to understand, if the worst possible climate scenario happens, how much money would the bank need to stay afloat, for which the following formula can be used: Capital Shortfall = (Minimum Required Capital that a bank must maintain as mandated by the government) – (Bank’s Remaining Equity After Climate Shock).

Another example: Portfolio crash = 50%, climate beta = 1.2, therefore the bank’s stock price crashes by 60%. Now suppose the bank has total assets (the market value of the loans it has given out, the shares it owns, and any other assets) of $100, and the government has said that at the minimum it must have 10% of this amount with it at all times (the bank cannot use this money), so 10% of $100 is $10. Now let us say that the same bank had $40 in equity share capital, but because the price of this $40 crashed by 60%, it is now only worth 40% × $40 = $16. Since the $16 > the $10 the government said the bank must always have, this bank is safe. It is easy to see that banks that have different combinations of numbers will have different results.

Climate risk is not an abstract concept any longer simply because it is happening all around us, and we’re all suffering from it (and also because financiers have made formulae). Areas that suffer frequent climate impacts, whether (hehe, weather) direct or indirect are likely to suffer more financial consequences and have poorer asset protection since insurers would prefer to limit losses.1213 It just so happens that these geographies are also the previously colonised Global South now suffering from the extended consequences of colonialism and the industrial revolution they did not partake in.1415

In 2023, the global insurance protection gap reached 67%- only 33% of $357 billion in economic losses from natural hazards were insured.16 This gap widens dramatically in developing countries, most of which are the historically colonised nations, where less than 10% of disaster losses have insurance coverage;5 Africa insures merely 0.5% of climate-related losses.17 Without intervention, uninsured global losses could double to $560 billion annually by 2030.16 Regions may become effectively “uninsurable” as coverage becomes inadequate, inaccessible, or prohibitively expensive.9 Another relevant stat: research indicates each 1% increase in insurance coverage moves countries 5.8% closer to achieving Sustainable Development Goals.181920

The protection gap stems from multiple factors:

  • Unaffordable premiums: Rising climate-related losses push insurers to increase premiums to reflect heightened risk, further widening affordability gaps and leaving many unprotected.2122
  • Insufficient local risk data: In many emerging markets and developing economies, hazard maps and exposure data are incomplete, outdated, or inaccessible, limiting confidence in risk assessment tools and complicating underwriting decisions.2123
  • Lack of government coordination across ministries: Fragmented policy frameworks, inadequate integration of disaster risk management with financial protection strategies, and limited inter-ministerial collaboration obstruct the scaling of insurance solutions and premium support schemes.2124
  • Inadequate domestic financial sector development: In many emerging economies results in underdeveloped insurance markets, limited technical capacity among insurers and supervisors, low financial literacy, and weak distribution channels. These structural weaknesses restrict both the supply of insurance products and the demand from potential policyholders, perpetuating the protection gap.2125

Types of climate risk26
Climate risk refers to the potential negative impacts on society, ecosystems, or economies resulting from climate change. These risks are typically grouped into three main categories: physical risks, transition risks, and liability risks.

  1. Physical Risks: These arise from the direct effects of climate change and are further divided into two subcategories:
    • Acute physical risks are event-driven, such as hurricanes, floods, wildfires, tornadoes, heatwaves, or intense storms. These can cause sudden and severe damage to property, infrastructure, and supply chains.
    • Chronic physical risks develop over a longer time frame. These include rising sea levels, gradual increases in average temperatures, changes in precipitation patterns, persistent droughts, land degradation, water scarcity, and ocean acidification.
  2. Transition Risks: These are risks associated with the shift to a low-carbon economy and include challenges related to changes in policy, technology, market preferences, and investments. Examples include regulatory changes (carbon pricing, emissions limits), sudden shifts in market demand (e.g., decline in demand for fossil fuels), technological disruption (rapid adoption of renewables), or reputational damage if organisations are slow to adapt. Such changes may render some business models or assets less viable or even obsolete (these are called “stranded assets”).
  3. Liability Risks: These stem from parties seeking compensation for losses they attribute to climate change. As regulatory requirements around disclosure and climate responsibility tighten, companies face increasing legal actions over failure to adequately manage or disclose climate risks, or for contributing to environmental harm.

More about stranded assets: To limit warming to 1.5°C, approximately 60% of oil and gas reserves and 90% of coal reserves must remain unburned, creating potentially $1.4 trillion in stranded fossil fuel assets globally.27 Coal-fired power plants face the highest stranding risk, requiring retirement 10-30 years earlier than historical patterns to meet Paris Agreement targets.28 Stranding extends beyond fossil fuels—aviation, heavy manufacturing, and carbon-intensive real estate also face obsolescence as the economy decarbonises. Physical climate risks like sea-level rise, floods, and droughts can also directly strand assets by making them uninhabitable or uneconomical. Buildings failing to meet emerging energy efficiency standards face early economic obsolescence, requiring costly retrofits or suffering reduced marketability.​

The financial industry’s exposure to climate change1011
The financial industry is exposed to climate risks on both sides.

In finance, buy side and sell side refer to the two broad categories of financial market participants and their roles in the investment ecosystem. The buy side includes entities whose primary role is to invest capital (money) for themselves or their clients, and their main goal is to generate positive returns from the purchase and management of these assets. Sell side entities provide investment products, research, and execution services to buy-side clients and often facilitate transactions between buyers and sellers.

  1. Buy side entities face climate risk in the form of:
    • Asset Value Declines: Physical climate events can damage or destroy underlying assets (like real estate, farmland, or infrastructure), eroding the value of investments.
    • Transition Risks: As economies move to lower-carbon models, the value of companies or sectors exposed to fossil fuels, heavy industry, or outdated technologies may collapse, turning previously valuable holdings into “stranded assets”.
    • Market Volatility: Unexpected regulatory policy, carbon pricing, or shifts in investor preferences can result in sharp drops in certain securities, particularly where climate risks were previously underpriced, or even unpriced.
    • Reputational and Compliance Pressure: Asset managers are increasingly required to disclose their climate risk exposures, scenario analysis, and decarbonisation strategies under frameworks such as TCFD, EU taxonomy, and other local regulations.
  2. And Sell side entities face them in the form of:
    • Credit Risk and Loan Defaults: Borrowers struck by climate disasters (flood, drought, hurricane) may default on loans as asset values drop or cash flow dries up. Large-scale disasters can lead to significant concentrations of defaults in a short period.
    • Collateral Devaluation: The value of physical collateral backing loans (properties, crops, factories) declines with repeated climate events or chronic risks such as sea-level rise or desertification.
    • Underwriting Risk: Insurers see more frequent and severe claims for natural disasters, complicating pricing and threatening profitability.
    • Rising Compliance and Capital Costs: Regulators increasingly require sell side firms to conduct climate stress tests, manage exposures, and allocate more capital against climate-vulnerable loans or portfolios (so that if their value suddenly declines, there is enough money to cover for it).

Some of the newer insurance instruments

Traditional vs. Parametric Insurance:10 Traditional indemnity insurance requires extensive damage assessment and claims verification, causing significant delays when communities need immediate relief. Parametric or index based insurance (called so because payouts are triggered by weather indices that measure heat waves, number of rainy days, wind speeds, etc.) trigger automatic payouts when predefined thresholds are met.

For example, if wind speeds in an area exceed 150 km/h, it may immediately send money to the people who are insured in that area, if rainfall below 200mm happens during growing season in an area, automatic payout will happen in that area, as long as data confirms that the threshold criteria were met. This brings transparency, expedites claims processing, and provides policyholders discretionary use of funds for their most urgent needs.​ Parametric insurance is also expanding to cover urban businesses, tourism, and logistics.

Catastrophe Bonds (CAT Bonds):28 Catastrophe bonds are alternative risk transfer instruments that connect disaster risk to capital markets. Governments or corporations issue these high-yield debt securities through Special Purpose Vehicles, attracting investors including pension funds, asset managers, and hedge funds. Investors receive attractive returns—typically higher than traditional bonds—as long as specified catastrophes don’t occur. However, if predetermined triggers are met (a cyclone reaching specific intensity, earthquake exceeding certain magnitude, or insured losses surpassing threshold levels), investors forfeit some or all principal, which immediately transfers to the issuer for disaster relief and reconstruction.

The CAT bond market has grown substantially, reaching approximately $40-50 billion by 2025, up from minimal levels in the 1990s when they emerged after Hurricane Andrew devastated the insurance industry. India is exploring CAT bonds as the country faces $9-10 billion in annual disaster losses, with single events like the 2013 Uttarakhand floods causing over $6 billion in damages.​

Risk Pooling Mechanisms:2926 Regional catastrophe risk pools aggregate disaster risks across multiple countries, exploiting geographic diversification where weather events affecting one nation are unlikely to simultaneously impact others. Research shows optimal regional pooling can increase risk diversification by 35-40% compared to individual country approaches. The three major global pools demonstrate this model’s effectiveness:​

  1. The Caribbean Catastrophe Risk Insurance Facility (CCRIF) covers tropical cyclones, earthquakes, and excess rainfall across Caribbean and Central American nations.
  2. The African Risk Capacity (ARC) primarily addresses drought risk across African countries, with some coverage for other perils.
  3. The Pacific Catastrophe Risk Insurance Company (PCRAFI) protects Pacific island nations against tropical cyclones and seismic risks.

These pools signed a Memorandum of Understanding at COP27 to collaborate on product development, advocacy, and capacity building.​

Microinsurance for Climate Resilience:29 Microinsurance extends risk coverage to low-income households in developing countries whose livelihoods are vulnerable to climate impacts. More than one billion unbanked adults live in the most climate-vulnerable countries, and they lack the financial resilience to withstand climate shocks.

Climate-linked index microinsurance products use satellite monitoring to trigger automatic payouts when drought, flood, or temperature indices reach predetermined levels, eliminating verification costs and fraud risks while providing rapid relief. Evidence suggests microinsurance helps vulnerable communities adopt risk management rather than harmful coping mechanisms after the events have happened, which then deepen poverty cycles.​

Some microinsurance programs are now pairing parametric coverage against climate shocks with access to savings accounts or lines of credit accounts for post-disaster recovery. The idea is that this can strengthen community resilience.30

Nature-Based Solutions and Insurance Innovation:5 Insurers increasingly recognise ecosystems2 as protective infrastructure deserving of coverage. Mangrove forests, coastal wetlands, and coral reefs provide natural storm surge barriers, while urban green spaces reduce flood risk and heat stress.

Insurance products now protect these natural assets and enable nature-based solutions, understanding that ecosystem degradation directly increases insured losses, although less than 2%29 of international climate finance currently supports nature-based solutions for adaptation.

InstrumentWhat It CoversHow It WorksWho Uses ItStrengthsChallenges
Parametric InsuranceWeather extremes (rainfall, wind, drought, heat)Policies pay out automatically if a set index (like rainfall, temperature) crosses a threshold—no need to prove physical lossFarmers, governments, businesses in exposed areas, humanitarian agenciesFast payouts, limited paperwork, works for hard-to-insure risksMay not match actual losses perfectly; needs reliable data
Traditional InsurancePhysical damage from weather/disasterPayouts come after damage is verified, based on actual bills and assessmentsProperty owners, businesses, local governmentsFamiliar, covers wide loss types, can be customisedSlow response, costly verification, may not cover all gaps
Catastrophe Bonds (CAT Bonds)Large-scale disasters (cyclones, earthquakes, floods)Governments/businesses issue ‘high-yield’ bonds; investors lose their money only if disaster triggers payoutCountries, insurers, pension funds, asset managersBrings capital markets into disaster relief, diversifies riskComplex setup, investors risk losing principal if disaster strikes
Risk PoolingWeather or disaster risks across regions or countriesMultiple countries/areas join a pool to share risks; one area hit, all pay, but events rarely hit all at onceSmall nations, regional groups, insurance agenciesReduces premiums, helps small countries access coverageGovernance is tricky, payouts depend on group solidarity
MicroinsuranceSmall losses for low-income, vulnerable groupsUltra-affordable coverage, often parametric, sometimes bundled with savings, delivered by NGOs/banks/mobileFarmers, informal workers, small businesses in climate hotspotsSwift and simple, increases resilience, avoids deep povertyCan be less comprehensive, difficult to scale, requires outreach
Nature-Based/Ecosystem InsuranceMangroves, reefs, wetlands, green urban assetsPolicies protect/capitalise the restoration/maintenance of natural infrastructureCoastal cities, local governments, conservation groups, insurersReduces cost of disasters naturally, preserves biodiversityNot yet widespread, requires monitoring and valuation of natural assets
Comparable explanations of the different climate-related insurance products

In conclusion

As climate change intensifies, traditional insurance models face unprecedented challenges. Historical weather data, which is the foundation of actuarial science, becomes less reliable when climate patterns shift fundamentally.26 Failure to manage climate risks exposes both buy and sell side firms to financial instability, reputational harm, and even legal action. 

Financial institutions are adapting by increasingly adopting active risk management strategies that include scenario analysis, stress testing, enhanced data collection, and real-time monitoring of exposures to physical and transition risks, and by aligning governance structures, investing in climate modeling and reporting platforms, and embedding climate risk in all business decision layers including by setting climate-reduction targets, assessing financed emissions, and developing new risk-adjusted pricing and hedging strategies.

Sources

  1. Economic losses and fatalities caused by weather – per country
  2. The Climate Dictionary: An everyday guide to climate change
  3. What is climate change ‘Loss and Damage’?
  4. Measuring economic losses caused by climate change
  5. Climate disasters cost India $12 billion in 2025
  6. The huge economic impact of inaction on climate change
  7. Climate events have cost $162b in 2025. Insurance …
  8. Global insured catastrophe losses hit $80 billion in first half …
  9. Climate risk
  10. Scientific study S2949728024000233
  11. Economic losses climate change NGFS scenarios
  12. Global protection gaps and recommendations for bridging them (PDF)
  13. giz-2016-en-climate_risk.pdf
  14. Human Rights-based Approach to Climate Risk Insurance
  15. How climate colonialism affects the global south
  16. GAR2025
  17. From floods to drought: the 2025 climate story of India
  18. Sustainable development goals
  19. Insurance Sector’s Contribution to the SDGs
  20. Insurance enabler inclusive growth, poverty reduction
  21. G20 SFWG: Addressing insurance protection gaps (PDF)
  22. Affordable climate insurance for vulnerable communities
  23. Innovation & Technology: IDF Presentations (PDF)
  24. Thematic Report on Finance
  25. Insurance Protection Gap in India: Challenges & Opportunities (PDF)
  26. Loss and damage climate change
  27. Global warming more than 3C may wipe 40% off economy (The Conversation)
  28. Global warming more than 3C may wipe 40% off economy (Down to Earth)
  29. Policy recommendations for climate action and loss/damage
  30. Inclusive Insurance for Climate-Related Disasters – CERES

Alyssa Healy is the difference

Four years ago, she was a middle order bat, and not doing all that well at it.1 Thankfully, head coach Matthew Mott and assistant coach Tim Coyle decided to give her a go as an opener in 2017-18, and maybe it was their belief in her that helped, because at the time the Australian team had eight players who opened for their respective WBBL teams.2

Alyssa after creating problems for India, as usual.7 📷: ESPN Cricinfo

And her numbers tell a story:1

FormatPeriod/ RoleMatchesRunsAverageStrike Rate
ODIMiddle Order (2010–2016)5283015.9685.0
ODIOpening (2017–2025)682,47035.40100.07
ODIAs Captain (2023–2025)2790033.3395.2
T20IMiddle Order (2010–2016)801,39517.44112.0
T20IOpening (2017–2025)821,66024.25127.60
T20IAs Captain (2023–2025)2560024.00125.00
TestMiddle Order (Early Career)620033.3345.0
TestOpening (Recent)428940.1460.5
TestAs Captain (2023–2025)415037.5055.0
Alyssa Healy’s stats as on 13.10.2025

So that’s 120 ODIs (3,303 runs at 97.90 strike rate), 162 T20Is (3,054 runs at 129.79 strike rate), and 10 Tests (489 runs).1 

The statistical contrast between Healy’s middle-order years and her opening career comes packaged with multiple record breaking innings: In 2019, her unbeaten 148 (off 61) against Sri Lanka set the world record for the highest individual score in women’s T20Is.3 In the 2020–21 Women’s Big Bash League, Healy struck 111 off 52 balls for the Sydney Sixers against the Melbourne Stars, featuring 14 fours and four sixes, then an unbeaten 100 in a chase of 176 in 2022.4

Her record in ICC finals is mind boggling:

  1. In the 2020 T20 World Cup final at the MCG, her 75 off 39 balls in front of 86,174 spectators was transformational for women’s cricket. The innings featured the fastest fifty in an ICC final by any player, male or female, achieved in just 30 balls with a strike rate of 192.30. This was the record across formats at the time, and she broke multiple Indians along the way for it- the record used to belong to Hardik Pandya before this display, and she scored the runs against us. Of course she did.5
  2. But big players routinely do big things. She then made 170 off 138 balls against England broke Adam Gilchrist’s record for the highest individual score in any World Cup final.6 This was also her return to form and her first century as captain.

And now, Healy’s 142 off 107 balls against India in the ongoing World Cup created history as Australia achieved the highest successful chase in women’s ODI history at 331 runs. I’d ask why us, but really, it’s all her.7

She also holds the record for most dismissals by any wicketkeeper in T20I cricket, with 92 dismissals (42 catches and 50 stumpings, MS Dhoni has the most for men, 918). So far, she’s kept in 99 T20Is, the most for any cricketer, male or female.1

Indian cricket fans know world cup heart break a little too well, mostly thanks to Australians like Healy, so we can appreciate how freaking clutch she is. But it extends beyond her individual performances- she’s also a pretty impressive captain: 43 wins from 56 matches across formats at 78.18%. In ODIs specifically, she stands at 84.61% wins, with 22 victories from 27 matches.9 Under her leadership, Australia has maintained their status as cricket’s most dominant team, and now has an extraordinary winning record: 12 consecutive World Cup wins since 2022.9

Her genius and resilience has fundamentally changed Australia’s approach, which means she is shaping cricket itself. As usual, Alyssa Healy is the difference.

Sources

  1. Alyssa Healy – Cricket Player Australia
  2. Pressure for spots helping Healy thrive | cricket.com.au
  3. Healy plunders T20I world record with 148
  4. Alyssa Healy powers Sixers to easy win in WBBL opener
  5. ESPNcricinfo Awards 2020 Women’s batting winner
  6. Alyssa Healy breaks Adam Gilchrist’s world record with 170-run knock
  7. Australia v India Women’s World Cup report, scores, highlights
  8. Alyssa Healy breaks MS Dhoni’s record of most dismissals by wicket keeper in T20Is
  9. Alyssa Healy Captaincy Record in ODI, T20I, Test & WPL

ESG investing

First, a list of definitions:

  1. Asset: Any resource of economic value owned or controlled by an individual or entity, expected to provide future financial benefit.
  2. Asset Class: Broad categories of assets that behave similarly, e.g., equities (stocks), fixed income (bonds), cash, real estate.
  3. Asset Type: Specific forms within an asset class, e.g., large cap, small cap stocks within equity.
  4. Portfolio: A collection of investments held by an individual or entity.
  5. Portfolio Weight: The percentage each asset contributes to the total value of a portfolio.
  6. Asset Allocation: The strategy for distributing investments among different asset classes for balancing risk and return.
  7. Diversification: Investing in different assets to reduce overall portfolio risk.
  8. Rebalancing: Adjusting asset proportions in a portfolio to maintain target allocation that had been decided at the time of deciding asset allocation.
  9. Liquidity: How easily an asset can be converted to cash without affecting its price.
  10. Risk: The chance an investment might lose money or underperform expectations.
  11. Risk Tolerance: Willingness or ability to withstand investment losses or volatility.
  12. Volatility: The degree and frequency of changes in prices of an asset.
  13. Portfolio Risk: The uncertainty of the entire basket of investments losing value or performing below expectations.
  14. Market Risk/ Systematic Risk: Risk due to economy-wide factors affecting all investments.
  15. Credit Risk: Risk that bond issuers or borrowers may default.
  16. Company-specific Risk/ Unsystematic Risk: Risk tied to individual companies or securities.
  17. Downside Risk: The potential for an investment to lose value due to negative market conditions. This focuses only on the probability and quantity of losses rather than the probability of volatility of prices. ESG investing primarily provides downside protection rather than return enhancement.
  18. Volatility: The degree of price fluctuation in either direction in an asset or portfolio over time.
  19. Benchmark: A standard (often an index) for comparing investment performance (e.g., Nifty 50).
  20. Tracking Error: The difference between a portfolio’s returns and the returns of the benchmark its tracking.
  21. Capital Gain: Profit made from selling an asset for more than it’s cost.
  22. Dividend: Payments made by companies to shareholders, usually from profits.
  23. Compound Interest: Earning interest on initial investment plus prior earned interest—critical for long-term growth.
  24. Net Asset Value (NAV): Value per share of mutual funds or ETFs, calculated as total assets minus liabilities divided by shares.
  25. Bull Market / Bear Market: Extended period of rising (bull) or falling (bear) asset prices.
  26. Yield/ Return: Income return on investments, such as interest or dividends.
  27. Turnover: The rate at which securities are bought/sold in a portfolio; high turnover can mean higher costs.
  28. Sharpe Ratio: Measures risk-adjusted return, penalising for volatility.
  29. Portfolio Optimisation: Selecting the best mix of assets to maximise returns for a given risk.
  30. Passive/Active Management: Passive strategies track a benchmark, active invest based on analysis, not constrained to an index.
  31. Index: A selection of securities representing a market or sector, used for performance tracking and benchmarking.
  32. Index Risk Characteristics: How much an index’s value fluctuates due to its components; calculated via weighted average of the securities’ price changes.
  33. Portfolio Tilting: Adjusting portfolio weights to emphasise preferred features (like ESG leaders) while maintaining diversification.
  34. ESG Ratings/Scores: Independent evaluations of companies’ ESG performance.
  35. Materiality: How significantly issues affect a company’s business or financial outcomes.
  36. Greenwashing: Misleading claims of sustainability or ESG compliance by firms, especially the G part.
  37. Greenhushing: Deliberately under-reporting or not reporting genuine environmental action.
  38. Stakeholder: All groups affected by company actions, such as shareholders, employees, customers, suppliers, communities.

Now onto ESG investing.

What
ESG investing is a way to put money into companies while considering more than just their financial returns. The non financial factors considered are Environmental, Social, and Governance (ESG) aspects of the company.

Here’s a list of ESG laws in India.

A small list of different ESG aspects:

Environmental FactorsSocial FactorsGovernance Factors
Resource use, pollution, waste creation, waste disposal, sustainable procurement, biodiversity impacts, Human rights, equality, equity, diversity, inclusion, human capital management, customer safety, customer satisfaction, Corporate governance, executive compensation, board membership, whistleblower protection, corporate transparency, business ethics, shareholder compensation and rights, stakeholder engagement

Why
ESG investing has evolved from a niche ethical consideration to a fundamental component of modern investment strategy due to the recognition that environmental, social, and governance factors pose material financial risks that can devastate companies when left unmanaged. The core imperative for ESG investing lies not in altruism but in financial reality: companies that fail to manage ESG risks face losses that can destroy shareholder value and damage their competitive position.

Mismanaged environmental risks can result in extensive fines, settlements and other costs, stock price collapse, CEO resignations, criminal investigations, and business model restructuring.

Examples:
The Volkswagen emissions scandal: the company was charged over $30 billion in fines, settlements, and other costs after installing “defeat devices” in 11 million diesel vehicles to cheat on emissions tests.1 The misconduct triggered an immediate stock price collapse, forced resignations, sparked criminal investigations across multiple continents, and required the company to fundamentally restructure its entire business model toward electric vehicles.

The BP Deepwater Horizon oil spill resulted in $20.8 billion in environmental damage settlements, the largest in U.S. history, plus additional billions in cleanup costs, lost revenues, and operational disruptions.23 The environmental damages translated directly into financial losses through fishing industry shutdowns, tourism declines, and permanent ecosystem service losses valued at $17.2 billion.4

Here’s an explanation of ecosystem services.

Social risks create equally devastating financial consequences when companies fail to maintain proper governance over workplace culture and employee treatment.

Examples:
The Wells Fargo cross-selling scandal, where employees created 3.5 million fraudulent accounts without customer consent, resulted in $3.7 billion in settlements and fundamentally shattered the bank’s reputation for customer-centric service.5 The scandal emerged from toxic sales cultures that imposed impossible quotas on employees, leading to widespread fraud, customer harm, and eventual regulatory intervention.

In 2025, Google agreed to pay $50 million to settle a lawsuit alleging bias against Black employees.6 Simultaneously, the company paid an additional $28 million to settle claims that it favored white and Asian employees.7 Adding to Google’s social risk exposure, the company faced a separate $118 million gender discrimination settlement involving approximately 15,500 employees.8 These combined settlements totaling $196 million (50+28+118) reflect systematic failures in Google’s workplace culture and diversity management that created material financial liabilities.

While risk management drives the primary rationale for ESG investing, additional business benefits strengthen the investment case. Better risk management reduces costly scandals and regulatory penalties, improved stakeholder relationships enhance operational resilience, and ESG practices often drive operational efficiencies that reduce costs.

Investor demand increasingly favors ESG-compliant companies, with over 90% of younger investors showing interest in sustainable investing.9 ESG-focused institutional investments are projected to reach $33.9 trillion by 2026,10 while 89% of investors consider ESG when making investment decisions11. This demand translates into better access to capital and lower financing costs for companies with strong ESG credentials.

Regulatory momentum makes ESG compliance increasingly mandatory rather than voluntary. The European Union’s Corporate Sustainability Reporting Directive, India’s Business Responsibility and Sustainability Report framework, and similar regulations worldwide require comprehensive ESG disclosures and accountability. Companies failing to meet these requirements face market access restrictions, regulatory penalties, and competitive disadvantages.

Research demonstrates that ESG investing provides downside protection, especially during social or economic crises.12 During the COVID-19 pandemic, companies with robust ESG practices demonstrated greater financial resilience and risk management capabilities compared to conventional peers.12 This downside protection stems from ESG companies’ superior risk management, stakeholder relationships, and operational flexibility.

Climate-related weather events are expected to cost suppliers $1.3 trillion by 2026.13 Companies with strong environmental practices position themselves to avoid these costs through improved resilience, supply chain diversification, and proactive adaptation measures. This represents massive potential savings compared to companies that ignore environmental risks.

How
ESG investment strategies provide multiple pathways for investors to align their portfolios with environmental, social, and governance principles while pursuing financial returns. Understanding these distinct approaches enables investors to select methods that best match their values, risk tolerance, and impact objectives.

Negative Screening (Exclusionary Screening)
Negative screening represents the oldest and most straightforward ESG approach, systematically excluding companies or entire sectors that fail to meet specific ethical or sustainability criteria. This strategy originated in the 1970s with religious investors avoiding industries like tobacco, alcohol, gambling, and weapons manufacturing.1415

Modern negative screening has expanded significantly beyond traditional “sin stocks” to exclude companies with poor environmental records, human rights violations, or severe governance failures. For example, many European pension funds exclude companies involved in coal mining or controversial weapons, while Norway’s Government Pension Fund Global eliminates companies with severe environmental damage or human rights violations from its portfolio.

The screening criteria can range from broad sector exclusions to specific revenue thresholds, such as excluding companies that derive more than 10% of revenue from fossil fuel extraction. This approach allows investors to avoid supporting business activities that conflict with their values while maintaining diversification across other sectors.

Positive Screening (Best-in-Class Selection)
Positive screening takes the opposite approach by actively seeking companies that demonstrate superior ESG performance within their respective industries. This “best-in-class” methodology allows investors to maintain sector exposure while favoring companies with the strongest sustainability credentials.

Unlike negative screening, positive screening doesn’t automatically exclude controversial sectors like oil and gas or mining. Instead, it identifies companies within these industries that show the best ESG practices, commitment to improvement, and transition strategies. For instance, an oil company might qualify if it demonstrates the lowest carbon intensity, strongest safety record, and most credible renewable energy transition plan in its peer group.

BlackRock, the world’s largest asset manager, exemplifies this approach by selecting companies with the highest ESG ratings in each sector for its ESG-focused funds. The Dow Jones Sustainability Indices follow similar principles, annually selecting the top 10% of companies in each sector based on ESG criteria.16

ESG Integration
ESG integration systematically incorporates environmental, social, and governance factors into traditional investment analysis alongside financial metrics. Rather than simply screening companies in or out, this strategy uses ESG data to better understand risks, opportunities, and long-term value creation potential.

This approach recognises that ESG factors can significantly impact a company’s financial performance, competitive position, and operational resilience. Investment analysts examine how climate risks might affect a utility company’s infrastructure costs, how labor relations impact a retailer’s operational efficiency, or how board composition influences strategic decision-making quality.

Unilever demonstrates ESG integration through its Sustainable Living Plan, which focuses on environmental impact, social responsibility, and governance to reduce risk, build stakeholder trust, and deliver consistent financial performance.

Thematic Investing
Thematic investing focuses on specific ESG themes or sectors that address major global challenges while offering growth opportunities. This strategy identifies long-term sustainable trends and invests in companies positioned to benefit from these developments.

Common thematic areas include renewable energy, clean technology, water management, sustainable agriculture, healthcare access, and financial inclusion. The iShares Global Clean Energy ETF exemplifies this approach by investing specifically in companies involved in solar, wind, and other renewable energy sources.

Thematic investing differs from broad ESG approaches by concentrating on specific solutions rather than applying general ESG criteria across all sectors. This focused approach can offer higher growth potential but typically involves greater concentration risk.

Impact Investing
Impact investing seeks to generate measurable positive social or environmental outcomes alongside competitive financial returns. This approach targets specific problems and requires evidence of additionality- demonstrating that the investment creates positive change that wouldn’t occur otherwise. The Global Impact Investing Network reports that impact investing assets under management have grown to $1.6 trillion in 2024.1718

Impact investments often focus on underserved markets or pressing global challenges such as affordable healthcare, clean water access, financial inclusion, sustainable agriculture, and climate solutions. Examples include microfinance institutions serving underbanked populations, funds supporting affordable housing projects, and companies developing clean water solutions for developing regions. To be noted, unlike thematic investing, impact investing requires ongoing measurement and reporting of social and environmental outcomes, not just investment in relevant sectors.

Shareholder Engagement and Stewardship
Shareholder engagement uses ownership rights to influence corporate behavior and improve ESG practices through dialogue, proxy voting, and shareholder resolutions. This strategy recognises that investors can create positive change by actively engaging with companies rather than simply avoiding or divesting from problematic investments.

Engagement activities include regular dialogue with management, filing shareholder proposals, voting on proxy measures, and participating in collaborative initiatives with other investors. BlackRock reported conducting over 2,600 engagements with nearly 1,700 companies during 2019, focusing on issues like board diversity and climate risk disclosure.19

A cinematic example of ESG shareholder activism occurred in 2021 when Engine No. 1, a small hedge fund with just $40 million invested, successfully elected three directors to ExxonMobil’s board to promote climate-focused strategies.20 This campaign demonstrated how strategic engagement can achieve significant influence even with modest shareholdings.

Norm-Based Screening
Norm-based screening evaluates companies based on compliance with internationally recognised standards and norms covering ESG factors. This approach screens investments according to frameworks established by organisations such as the United Nations Global Compact, OECD Guidelines for Multinational Enterprises, and International Labour Organization conventions.

Unlike values-based exclusions, norm-based screening focuses on minimum acceptable business conduct standards rather than sector preferences. Companies failing to comply with basic human rights, labour standards, environmental protections, or anti-corruption measures may be excluded regardless of their industry.

EUROFIMA exemplifies this approach by monitoring investee compliance with the Ten Principles of the UN Global Compact, derived from international human rights, labour, environmental, and anti-corruption standards. Non-compliant positions must be liquidated and business relationships terminated.21

Portfolio Tilting and Overweighting
Portfolio tilting adjusts portfolio weights to favour companies with higher ESG ratings while maintaining similar sector and risk characteristics to a benchmark index. This approach provides ESG exposure without dramatically altering portfolio diversification or risk profiles.

Rather than completely excluding companies or sectors, portfolio tilting reduces exposure to ESG laggards while increasing allocations to ESG leaders. A fund might replicate the Russell 3000 index structure but tilt toward companies with superior ESG scores, maintaining broad market exposure while expressing ESG preferences.

This strategy appeals to investors seeking ESG alignment without accepting significant tracking error relative to market benchmarks. The approach balances ESG considerations with traditional portfolio management objectives like diversification and risk control.

Double Materiality
Double materiality is the cornerstone of the European Union’s Corporate Sustainability Reporting Directive (CSRD). Double materiality looks at the company’s impact on the environment, which is seen in impact materiality and sustainability issues influence a company’s development, performance, and financial position, which is evaluated through financial materiality.

Choosing the Right Strategy
The selection of appropriate ESG strategies depends on individual investor priorities, risk tolerance, and desired level of impact. Many investors combine multiple approaches—using negative screening to exclude unacceptable investments while applying positive screening or ESG integration to select among remaining options.

Beginners often start with ESG mutual funds or ETFs that employ professional management and established methodologies. More sophisticated investors might combine thematic investments with shareholder engagement activities to maximise both financial returns and positive impact.

Who
Pension funds have emerged as significant drivers of ESG investment due to their long-term investment horizons and exposure to ESG-related downside risks.22 According to recent research, 71% of sovereign wealth fund respondents have adopted an ESG approach,23 examples include Norway’s Government Pension Fund Global (GPFG), the world’s largest sovereign wealth fund at $1.3 trillion, which has become a stand-out example of responsible investing through negative screening and divestment from companies causing severe environmental damage.24 Insurance companies are the third influencial group interested in the ESG investing, with 85% of global insurers believing ESG will impact all functions of their business. They identify investments as the single largest area of ESG impact, with 91% recognising significant implications.25 Finally, asset management giants are the remaining very large investor: BlackRock now oversees roughly $320 billion of dedicated ESG funds,26 Vanguard offers both exclusionary ESG funds that filter out certain sectors and actively managed products that allocate capital to companies with leading or improving ESG practices,27 and State Street Global Advisors manages over $516 billion in ESG assets under management, comprising roughly 12.5% of the firm’s total assets under management as of 2021.28

Current ESG Related Monetary Flows
The ESG fund flow landscape has experienced significant volatility in recent years. Global sustainable funds recorded the highest inflows of 2024 in the fourth quarter, reaching $16.0 billion. However, the first quarter of 2025 saw record outflows of $8.6 billion, marking the worst quarter on record.​2930 The market showed signs of recovery in the second quarter of 2025 with net inflows of $4.9 billion, driven primarily by European investors who contributed $8.6 billion after redeeming $7.3 billion in the prior quarter.31

Global sustainable funds attracted $31 billion in net inflows during 2024, though this represented slower growth compared to previous years. The combined assets of mutual funds and ETFs investing according to ESG criteria increased by $8.43 billion to $605.23 billion in the United States alone.3233

Meanwhile, Germany leads global ESG enforcement with the largest single penalty imposed on DWS (Deutsche Bank’s asset management arm), which paid €25 million ($27 million USD) in 2025 for greenwashing violations;34 Australia has also demonstrated a comprehensive enforcement program with three major greenwashing penalties totaling $23.3 million USD in the last year;353637 United Kingdom reports £7.3 million ($7.3 million USD) in individual penalties during 2024/25, representing a 225% increase from the previous year;38 and even the United States has fined $19 million across multiple actions.3940

Challenges and Market Evolution

  1. The ESG landscape faces significant challenges from regulatory uncertainty and political backlash, particularly in the United States where ESG principles have become politically controversial.41
  2. The absence of unified global ESG standards represents one of the most persistent challenges facing the sector. 25% of global investors identify inconsistency in ESG scores from different rating providers as their primary challenge, while 37% of executives highlight the lack of consistent reporting standards as a major operational obstacle.42 This fragmentation creates significant compliance burdens for multinational corporations. Companies operating across multiple jurisdictions must navigate the CSRD, TCFD, GRI, SASB, and ISSB standards, each with different disclosure requirements.
  3. Columbia University and London School of Economics research comparing 147 ESG fund portfolios with 2,428 non-ESG portfolios found that companies in ESG portfolios had worse compliance records for both labor and environmental rules. These findings contribute to growing skepticism, with 53% of UK investors considering ESG factors in 2023, down from 65% in 2021.​4344
  4. 46% of investors highlight the lack of comprehensive ESG data as a significant challenge , particularly for Scope 3 emissions and supply chain risk assessments.4546
  5. Supply chain due diligence presents major compliance challenges, as most ESG risks occur outside an organisation’s direct operations. Companies must ensure their entire supply chain complies with ESG standards, which can be resource-intensive, particularly when dealing with suppliers in emerging markets that may lack resources or expertise to meet compliance standards.​47
  6. There is a growing role of artificial intelligence and machine learning in ESG data collection and analysis. Technology solutions address the 46% of investors who identify lack of comprehensive ESG data as a significant challenge, representing a practical solution to implementation barriers.

In conclusion, understanding these diverse ESG investment strategies enables investors to construct portfolios that reflect their values while pursuing competitive financial returns and contributing to positive environmental, social, and/ or corporate governance changes, if they wish to do so.

ESG factors represent material business risks that directly impact financial performance, not ancillary social concerns: NYU Stern meta-analysis showing 58% positive relationships and 90% non-negative correlations between ESG performance and financial returns.48 This positions ESG as fundamental risk management rather than values-based investing overlay. Therefore, companies that excel at managing these risks demonstrate superior long-term value creation, while those that ignore ESG factors face potentially catastrophic financial losses that can destroy decades of shareholder value.

Sources

  1. Volkswagen’s Dieselgate Costs Top $33.6 Billion
  2. U.S. and Five Gulf States Reach Historic Settlement with BP to Resolve Civil Lawsuit Over Deepwater Horizon
  3. BP Settlement in Gulf Oil Spill Is Raised to $20.8 Billion
  4. Economists Price BP Oil Spill Damage to Natural Resources at $17.2 Billion
  5. Wells Fargo to Pay $3.7 Billion for Illegal Conduct That Harmed Millions of Consumers
  6. Google Settles Lawsuit Alleging Bias Against Black Employees
  7. Google to Pay $28 Million to Settle Claims It Favored White, Asian Employees
  8. Google Agrees to Pay $118 Million to Settle Gender Discrimination Lawsuit
  9. Sustainable Signals: Individual Investors 2025 Report
  10. ESG-Focused Institutional Investment Seen Soaring 84% to USD 33.9 Trillion in 2026
  11. 89% of Investors Take ESG Reporting Into Account When Considering an Investment
  12. Resilience of Environmental and Social Stocks Under Stress
  13. Climate Change Will Cost Companies $1.3 Trillion By 2026
  14. Catholic Values Investing Primer
  15. The History of Faith-Based Investing
  16. Dow Jones Best-in-Class World Index
  17. The GIIN Impact Investing Forum 2024: $1.57 Trillion Asset Growth
  18. Let’s Make 2025 the Year Impact Investors Analyze Power
  19. BlackRock 2019 Investment Stewardship Annual Report
  20. Little Engine No. 1 Beat Exxon With Just $12.5 Million
  21. EUROFIMA Norm-Based Screening Framework
  22. Pension Funds and Sustainable Investment
  23. ESG in Sovereign Wealth Funds: Opportunities and Challenges
  24. The Rise and Rise of Sovereign Wealth Funds
  25. ESG Impact on the Insurance Industry
  26. BlackRock Enhances Sustainability Characteristics of $92 Billion of Funds
  27. Vanguard’s Approach to ESG
  28. State Street 2021 ESG Report
  29. ESG Insights for 2025 and Beyond
  30. Global ESG Fund Flows Increase in Q4
  31. Global ESG Fund Flows Rebound in Q2 2025 Despite ESG Backlash
  32. Sustainable Investing Outlook: Strong Returns Amid Net Flow Pressures
  33. ESG Investing Statistics
  34. German Prosecutors Slap $27M Greenwashing Fine on Deutsche Bank DWS
  35. ASIC’s Vanguard Greenwashing Action Results in Record $12.9 Million Penalty
  36. Active Super to Pay $10.5M Greenwashing Penalty
  37. ESG Disputes Bulletin – February 2025
  38. UK FCA Increased Penalties on Individuals in 24/25
  39. SEC ESG Enforcement Tracking
  40. Top 5 SEC Enforcement Developments for November 2024
  41. ESG Investing Trends and Future Outlook
  42. 50 Sustainability Statistics You Need to Know for 2025
  43. The Criticism of ESG: Why Is It Becoming Controversial?
  44. A Closer Look at ESG Investment and Managerial Performance Results
  45. ESG Compliance Glossary
  46. 50 Sustainability Statistics You Need to Know for 2025
  47. ESG Compliance Glossary
  48. NYU Stern ESG and Financial Performance Meta-Analysis

The joys of Jasprit

India has had many reliable cricketers, but rarely someone so… Reliably lethal.

Jasprit Bumrah. 📷 A screenshot from @jaspritb1 on Instagram.

There are so many things to love about the man. The Magnus Effect caused by his whipping arm that makes his deliveries sing through the air,12 swinging either side of the batter. His ability to bowl nearly 43%34 of his deliveries on a good line and length while targeting the stumps more frequently than any other bowler at his pace. The proficiency at all stages of the game. His format agnosticism. The brain behind it all.

But really, it’s his undeniable dependability that gets me.

Bumrah’s transcendent 2024 season, where he finished as the world’s leading Test wicket-taker with 71 wickets in just 13 matches at 30.1,567 was nevertheless crowned by the sheer inevitability of his match-turning six runs in two overs against South Africa in the T20 World Cup Final, when all South Africa needed were 30 runs from 30 balls.89

In 2024, he was the best bowler in all formats at the same time.10 In 2025, he’s working to return from the injuries that caused him. And yet. Even at 90–95 (93?)% of peak velocity, Bumrah’s toolkit remains anti-fragile. Seam, angle, release deception, and decision-late variation age well.

There are great fast bowlers whose brilliance feels like lightning. Bumrah feels like sunrise. The thrill is not surprise but assurance. A captain turns to him and the fan breathes differently. He does not hunt for miracles: he manufactures them, over by over, on any surface, in any light. And like the Sun, he’ll rise again soon.

Sources

  1. The magician’s wrist: how Bumrah does what he does
  2. IIT Kanpur professor decodes the science behind Indian bowler Jasprit Bumrah’s success
  3. Who are The Most Accurate Pace Bowlers in Test Cricket?
  4. Jasprit Bumrah uses money in the bank for Lord’s honours
  5. India bowling icon named ICC Men’s Test Cricketer of the Year
  6. Jasprit Bumrah’s Historic Year in 2024: A Statistical Masterpiece
  7. Bumrah’s phenomenal 2024: Redefining fast bowling excellence
  8. A genius of his craft: Reflecting on Jasprit Bumrah’s T20 World Cup 2024
  9. Bumrah and Hardik script stunning comeback to lead India to T20 World Cup glory
  10. Jasprit Bumrah Profile – Cricket Player India

Environmental Management Systems and ISO 14001

EMS
An Environmental Management System (EMS) is a structured framework that helps organisations systematically identify, manage, control, and continuously improve their environmental impacts across all business activities, products, and services. It is a comprehensive set of policies, procedures, processes, and practices that work together to ensure environmental considerations are embedded into daily operations and long-term strategic planning.12

EMS’ follow the Plan-Do-Check-Act (PDCA) cycle, which is a four-step management methodology designed for continuous improvement of processes, products, and systems.3 It was originally developed by American engineer and business theorist William Edwards Deming, and is now used ubiquitously in quality management processes. The PDCA cycle is an iterative, continuous loop that involves the following processes:34

Plan– The planning phase serves as the foundation of the entire cycle, focusing on identifying problems, analyzing current situations, and developing strategic solutions.
Do– The implementation phase involves executing the planned solution, typically on a small scale initially to test effectiveness without disrupting operations.
Check– The evaluation phase focuses on analysing results and comparing them against the objectives set in the Planning phase.
Act– This involves taking corrective action based on evaluation findings in the Check phase and standardizing successful changes.

This method basically establishes a repeatable, auditable improvement loop.

Essential elements of an EMS567

  1. Environmental policy- a policy document (paper or digital) that has clear organisational policies should be accessible to employees, and other stakeholders. It must be endorsed by the company leadership. The company must make sure employees are AWARE that such a policy exists.
  2. Compliance register- a document or database tracking every relevant regulation, its requirements, and the actions the company takes to ensure ongoing compliance.
  3. Defined responsibilities- roles for EMS-related activities should be clearly assigned.
  4. Baseline- improvements can only be measured against a baseline, so these should be established clearly for each KPI.
  5. Staff training and communication- staff must know their duties and understand why EMS is important to the organisation. It is also useful to know how to communicate these activities to external stakeholders.
  6. Standard Operating Procedures (SOPs)- SOPs that set out each step of each activity must be available to every employee involved in anything risky, such as dealing with chemical or medical waste disposal.
  7. Environmental aspects- these are the organisation’s activities, products, or services that can interact with the environment.
  8. Environmental impacts- positive or negative changes to the environment due to the organisation’s environmental aspects.

ISO 140018910
ISO 14001 is the world’s most widely used international standard that specifies the requirements for an effective EMS. It provides a repeatable framework organizations can follow to design, implement, maintain, and continually improve their EMS, rather than prescribing specific environmental performance thresholds. Organizations can implement ISO 14001 voluntarily and may optionally pursue third-party certification to demonstrate conformity. ISO 14001 is designed to integrate with other management standards (e.g., ISO 9001 quality, ISO 45001 safety) and aligns with PDCA for continuous improvement. Please understand, CERTIFICATION VERIFIES THE SYSTEMS AND PROCESSES THE ORGANISATION IS IMPLEMENTING, NOT THE OUTCOME: that is, ISO 14001 clause 6.1 simply states that any EMS should:

  1. “Give assurance that the environmental management system can achieve its intended outcomes;
  2. Prevent or reduce undesired effects, including the potential for external environmental conditions to affect the organisation; and
  3. Achieve continual improvement.”

Organisational context1112
According to clause 4 of ISO 14001:2015, organisations are required to identify issues, trends, and conditions both inside and outside the business that impact environmental performance, risk, and opportunities, sort of like a very specialised PESTEL analysis. This means they must consider not only direct environmental impacts caused by them, but also how environmental conditions might affect operations, stakeholders, and their own compliance obligations.

There are three types of organisational contexts:

  1. Internal context- Organisational policies, values, resources, processes, products or services, strategic goals, and how company culture or capabilities affect environmental responsibility.
  2. External context- Legal, regulatory, political, economic, social, and technological factors as well as broader environmental conditions or requirements from stakeholders like customers, regulators, and communities.
  3. Environmental context- Specific environmental conditions such as climate, resource availability, and pollution levels that can impact or be impacted by the organisation.

EMS and ISO 140017
ISO 14001 defines the requirements for an EMS. It sets out the clauses and controls policy, planning, operations, evaluation, and improvement that an EMS must include. Organizations use it to structure their EMS consistently and audibly. A functioning EMS can be audited for conformity to ISO 14001. Passing an external audit earns ISO 14001 certification, which signals to stakeholders that the EMS meets international best-practice requirements. However, certification verifies the system; it does not by itself guarantee a particular environmental performance level.

To reiterate, “EMS” is the management system itself, and “ISO 14001” is the standard describing what that system should look like and how it should operate. An EMS can exist without ISO 14001, but aligning to ISO 14001 can improve structure, consistency, credibility, and auditability and allows optional certification.

Examples of ISO 14001 EMS KPIs

KPI TypeExample of MetricsDescription
Resource ConsumptionElectricity (kWh), water (liters), gas (cubic meters) usageTrack reductions against baseline, efficiency programs
EmissionsGreenhouse gas (CO₂) emissions per unit output, pollutant PPMMeasure total carbon footprint, regulatory pollutant thresholds
Waste ManagementTotal waste to landfill (kg), recycled/reused waste (%)Monitor reductions, recycling effectiveness
ComplianceEnvironmental incidents reported, time lost due to incidentsTrack regulatory breaches, response times, corrective actions
Water UseWater consumption per production unitBenchmark efficiency, target reductions
Energy MixShare of renewable energy in total energy consumption (%)Support sustainability and decarbonization targets
Paper ReductionTotal paper use (reams/year)Track efficiency, digitalization efforts
Supply Chain Sustainability% suppliers with environmental certificationExtend EMS upstream/downstream
Biodiversity ImpactConservation measures adopted, protected hectaresEspecially relevant for agriculture, mining, real estate sectors
Compliance Performance
Environmental incident frequencyNumber of non-compliance reports annually
System EffectivenessInternal audit scores and notesHow many internal audits have happened, internal audit results, non-conformities identified and closed

Aligning organisational KPIs with ISO 14001 can be challenging, so here are some helpful steps:8

  1. Define environmental objectives based on environmental issues relevant to your organisation, relevant compliance obligations, and stakeholder expectations.
  2. Select KPIs that are directly linked to each objective and ensure they are specific, measurable, and capable of showing progress toward the stated goals. For example, if an objective is to reduce waste, a KPI could be “percentage reduction in paper waste per year”.
  3. Each KPI should be cleary measurable (e.g., total energy use per production unit, percentage of objectives met, reduction in incidents), so that they can be compared over time to be able to demonstrate improvement (or find slidebacks).
  4. Assign responsibility for tracking each KPI to relevant team members, and make sure they are integrated into operational processes and reviewed at planned intervals (e.g., monthly, quarterly) to support the PDCA (Plan-Do-Check-Act) cycle. These jobs should be part of their expected activities, not extra work they have to do in addition to their regular workload.
  5. Document the rationale for selecting each KPI, how they link to objectives, and keep written records of all measurements and analyses for audit preparation.

Audit Plans/ Checklists8
Audits can be stressful, but the ISO 14001 auditors are trained to help the people they are auditing feel at ease. Here are some points you could keep in mind while preparing for your audit:

  1. During audits, objective evidence is crucial. Keep track of and present historical KPI data, trend analyses, supporting documents (e.g., invoices, meter readings, waste logs), internal communications, and management review meeting minutes showing the use of KPI data in decision-making.
  2. Auditors typically look for consistency in KPI definitions, data collection methods, frequency of reviews, and whether the results inform corrective actions or continual improvement efforts.
  3. Records of corrective or preventive actions taken in response to KPI underperformance are important audit evidence and demonstrate robust EMS systems.
  4. Make use of dashboards, summaries, and visualisations to easily communicate KPI performance, trends, and progress toward objectives during audits.
  5. ALWAYS HAVE OBJECTIVE EVIDENCE. Seriously.

ISO 14001:20251314
The ISO 14001 standard is due for a revision which is expected to be published around autumn 2025, with a 12-18 month transition period. Here are some expected changes from ISO 14001:2015:

AreaISO 14001:2015ISO 14001:2025 Draft
Document StructureBased on High-Level Structure (HLS)Switches to Harmonized Structure for better integration with other ISO standards
Climate ActionAddresses sustainability broadlyStronger focus on climate-related actions, carbon neutrality, and decarbonization
Risk ManagementGeneral approach to risks and opportunitiesEnhanced guidance on proactive risk identification and lifecycle perspectives
Technology IntegrationNo explicit mention of digital toolsEncourages leveraging data analytics and AI for real-time monitoring
Supply Chain FocusBasic requirementsExpanded emphasis on supply chain sustainability evaluation

So, why bother with an EMS?
While setting up an EMS does require some initial investment, the ongoing savings, risk reduction, and improved market opportunities, a functional EMS can help businesses become more profitable in several ways. By making better use of resources, such as reducing energy, water, and raw material consumption, companies can lower their operating costs. For example, switching to energy-efficient lighting or upgrading insulation often leads directly to smaller utility bills.

An EMS also helps businesses identify areas where they can cut down on waste, which not only saves money on disposal fees but can also uncover new opportunities to recycle or reuse materials, sometimes even generating additional income streams (such as through the ubiquitous kabadiwalas). By staying on top of environmental regulations and anticipating changes, companies can avoid costly fines and disruptions, making their business more stable in the long run.

Finally, implementing an EMS can improve a company’s reputation with customers, investors, and the public, often leading to new sales opportunities, increased customer loyalty, and even access to investment or partnerships that prioritize sustainability.

Sources

  1. Frequently Asked Questions – Environmental Management System (NIEHS)
  2. Environmental Management Systems | US EPA
  3. Plan Do Check Act: ISO 9001 – The Key to Success
  4. PDCA Cycle – What is the Plan-Do-Check-Act Cycle? | ASQ
  5. ISO 14001 Requirements and Structure
  6. The Five Core Elements of ISO 14001 – QIA
  7. ISO 14001 – Environmental Management
  8. ISO_14001_2015_EMS.pdf (NERLDC)
  9. ISO 14001: Meaning, Standard and Requirements (Greenly)
  10. ISO 14001 Requirements and Structure (Advisera)
  11. ISO 14001:2015 Clause 4 Context of the organization (Pretesh Biswas)
  12. ISO 14001 Clause 4: Context of the Organisation (ISMS.online)
  13. Latest Changes in ISO 14001: Understanding the 2025 Revision (BPRHub)
  14. ISO 9001 and ISO 14001 Standards Revisions (DNV)
  15. I’ve had the benefit of a training for an ISO 14001 audit.

International Jane Goodall Day of Compassion

There is, of course, no such day at the moment. I’m advocating for one.

Thank you Dr. Goodall. Your legacy shall prosper. 📷 @Goodallinst on Instagram.

Jane pioneered a revolutionary idea: that empathy and scientific objectivity could coexist. Her methods became the foundation of modern primatology and ethology, demonstrating that scientific rigor and empathetic understanding were not opposites but complementary approaches.1

She was just 26 when she walked into a forest in Gombe (Tanzania) with her notebook and a set of binoculars, and no college education, since “we were by no means a wealthy family, so university wasn’t an option.”2

So she waitressed and saved every penny to get to Africa, where she wanted to work with the animals she loved.2 It was this dedication and unrestricted thinking that soon earned her a chance to study chimpanzees in Tanzania, and even a PhD position at Cambridge without any previous college degrees3.

Her discoveries shattered our assumptions about what makes us human. She proved that chimpanzees used tools, shared food, and even waged war against rival groups- behaviors we thought belonged only to us. In showing us these profound similarities, Jane forever changed how we see our place in the natural world.45

Her groundbreaking discoveries, tireless advocacy, and unwavering belief in the power of hope and compassion inspired millions of people around the world to care about animals, conservation, and making the planet a better place.67 She lived a life that reminded us that hope is not naive but necessary, and that each of us has the power to create positive change. She showed us that compassion is not sentimentality but a powerful tool for understanding.

Jane changed humanity and our relationship with all those we share our home planet with by dint of her labour and her untramelled heart.8 And so, I am advocating for April 3rd, her birthday, to be the International Jane Goodall Day of Compassion.

Sources

  1. In memory of Dame Jane Goodall 1934-2025
  2. Jane Goodall made a name for herself with no degree, no experience: She got a job as a waitress and saved ‘every penny’ on a one-way ticket to Africa
  3. Jane Goodall’s legacy: three ways she changed science
  4. Chimpanzees: Redefining What It Means to Be Human
  5. ‘They hold hands, they embrace, they kiss’: The woman who changed our view of chimps – and human beings
  6. ‘An Extraordinary Legacy for Humanity’: Celebrities, Politicians, and Activists Around the World Pay Tribute to Jane Goodall
  7. Jane Goodall, the gentle disrupter whose research on chimpanzees redefined what it meant to be human
  8. Jane Goodall (1934–2025): primatologist, conservationist, and messenger of hope

A probability analysis of India’s men’s cricket coin toss losses

India has now lost 16 consecutive coin tosses across all formats, with the streak extending from January 31, 2025, to October 2, 2025 (the West Indies – India Test match in Ahmedabad that concluded today). Here’s the baffling list by chronology:

Coin Toss Loss No.DateMatchVenueCaptain
1Jan 31, 20254th T20I vs EnglandPuneSuryakumar Yadav
2Feb 02, 20255th T20I vs EnglandMumbai (Wankhede)Suryakumar Yadav
3Feb 06, 20251st ODI vs EnglandNagpurRohit Sharma
4Feb 09, 20252nd ODI vs EnglandCuttackRohit Sharma
5Feb 12, 20253rd ODI vs EnglandAhmedabadRohit Sharma
6Feb 20, 2025ODI vs BangladeshDubai (Champions Trophy)Rohit Sharma
7Feb 23, 2025ODI vs PakistanDubai (Champions Trophy)Rohit Sharma
8Mar 02, 2025ODI vs New ZealandDubai (Champions Trophy)Rohit Sharma
9Mar 04, 2025ODI vs AustraliaDubai (Champions Trophy Semi-final)Rohit Sharma
10Mar 09, 2025ODI vs New ZealandDubai (Champions Trophy Final)Rohit Sharma
11Jun 20, 20251st Test vs EnglandLeedsShubman Gill
12Jul 02, 20252nd Test vs EnglandBirminghamShubman Gill
13Jul 10, 20253rd Test vs EnglandLord’sShubman Gill
14Jul 23, 20254th Test vs EnglandManchesterShubman Gill
15Jul 31, 20255th Test vs EnglandThe OvalShubman Gill
16Oct 02, 20251st Test vs West IndiesAhmedabadShubman Gill
Indian Men’s toss losing streak

In mathematics, probability measures how likely an event is to occur, and it’s always expressed as a number between 0 (will never happen) and 1 (will definitely happen every time). For a standard fair coin toss, the probability of either heads or tails is exactly 0.5 (or 50%). This is because there are two possible and equally likely outcomes: the coin will either flip to heads or tails (not counting the vanishingly small number of times it may fall on its edge, in which case the toss will be repeated until a result is achieved anyway).

Every toss is also independent, which means that the result of one toss will have no impact on the result of any other toss. When events are independent, the probability of several events occurring in succession is the product (multiplication) of their individual probabilities. So, the probability of losing (or winning) two fair tosses in a row is: Probability of 2 losses = 0.5 × 0.5 = 0.25.

The probability of losing (or winning) 3 fair tosses in a row is therefore = 0.5 × 0.5 × 0.5, which is 0.125.

We’ve lost 16 consecutive tosses across formats, geographies, and captains. The probability of winning or losing a fair coin toss is 0.5 or 1/2. Which means the probability of losing 16 consecutive fair coin tosses is… (0.5)16, which equals 1 in 65,536, or ≈0.0000152588%.

Now, it really must be noted that a cricket coin toss is quite different from a simple game of coin toss between two people (though the mathematics remains exactly the same). The Indian skippers were not always the ones tossing the coin, neither were they always the ones calling heads or tails. In cricket, the standard procedure is that the host captain tosses while the visiting captain calls. However, at neutral venues where neither captain is the host, the procedure varies: a neutral party such as a match official or invited dignitary may toss the coin, or one of the captains may be chosen to toss, or tournament regulations may specify the exact protocol. This means India’s losing streak has transcended not just different formats, captains and venues, but also different toss procedures, making it an even weirder demonstration of statistical randomness.

I decided to investigate the mathematics of this absurdity.

0.0000152588%
How rare is a 0.0000152588% chance of any event happening? Well, more people are struck by lightning annually,1 but fewer people are likely to die by meteorite strike2.

Similar things have happened in cricket before- The Netherlands have previously lost 11 consecutive tosses, and and several teams have lost 9 in a row.3 Rohit Sharma himself has lost 12 consecutively (equalling Brian Lara).3

Independence and the Gambler’s Fallacy
The Gambler’s Fallacy is the (mistaken) belief that because India “lost so many times in a row,” they’re “due” for a win, but since each coin toss is independent and past outcomes have absolutely no impact on the next. Each toss remains a 50-50 chance, regardless of what’s happened before.

The Law of Large Numbers and the Nature of Streaks
The Law of Large Numbers states that if an independent act is performed enough times, the outcomes of this independent event (the coin toss in our case) will eventually (that is, in the long term, given a large number of coin tosses) match the predicted probable outcome of that event (that is, 50% of the times the coin will flip heads, and 50% of the times it will flip tails), but this will of course include every coin toss ever, and not restrict itself to India’s male cricket captains.

This simply means that though the average outcome will even out to about 50% wins and losses, streaks such as 16 losses in a row are still possible, just extremely unlikely. Given enough cricket matches played, even “impossible” events are destined to surface from time to time. Cricket tosses represent a relatively small sample size in the grand scheme of probability. Even if we consider all international cricket matches ever played, this would still represent a small enough sample size where unusual streaks can and will occur (to understand this, compare every cricket toss to every coin toss that has ever happened in history).

Information Theory
In Information Theory, the rarer an event is considered, the more surprising it is found to be. This means losing one toss is not surprising since there is a 50% chance of losing any one random fair toss. However, losing 16 tosses in a row must be considered very surprising because it involves the following outcomes:

Lose the first toss (50% probability), then lose the second toss (50% probability), then lose the third toss (50% probability), then lose the fourth toss (50% probability), then lose the fifth toss (50% probability)… then finally lose the 16th toss, also with a fifty percent probability that you could win it or lose it.

Which means that if nothing else, at least my bewilderment at the streak is justified.

Sources:

  1. What are the chances of being struck by lightning?
  2. What are the Odds a Meteorite Could Kill You?
  3. Most consecutive toss losses in ODIs, full list: India extend all-time world record

A climate history of the Earth

Climate is the long-term pattern of weather in a particular region, usually measured over 30 years or more. Weather can change every few hours, but throughout the year, similar patterns repeat annually- for example, summers are typically hot and tend to occur during the same months each year. However, these patterns are now shifting due to climate change.123

Our current atmosphere456789101112
A planet’s atmosphere is a layer of gases that blanket the planet because its gravity has caught hold of them. For Earth, this layer begins at the surface of the planet, and extends up to around 10,000 kilometres, though most of the atmosphere lies within the first 100 kilometres.

Our atmosphere at the moment is approximately 78% nitrogen, 21% oxygen, and 1% other gases including carbon dioxide (approximately 0.04% of the atmosphere, which is 420+1314 ppm as of 2024), water vapour, and argon. It is now divided into five distinct layers based on how temperature changes with altitude:

1. The Troposphere (0-12 km)1516
This is the lowest layer where we live and breathe. It contains about 75-80% of all the air in the atmosphere and almost all water vapour, which forms our clouds and weather. Temperature decreases as you go higher- about 6.5°C cooler for every kilometre up. This is where all our weather happens, including storms, rain, and snow. Commercial airplanes typically fly in the upper part of this layer.

2. The Stratosphere (12-50 km)17
Above the troposphere lies the stratosphere, which contains the ozone layer (formed between 600 to 500 million years ago18, the Stratosphere contains about 90% of Earth’s ozone). Unlike the troposphere, temperature increases with altitude here because ozone absorbs UV energy from the Sun. This layer is very stable with little weather activity, making it ideal for some aircraft to fly in.

3. The Mesosphere (50-85 km)
The mesosphere is where the temperature decreases again with altitude, reaching as low as -90°C. Most meteors burn up in this layer, creating “shooting stars.” Rare, shimmering noctilucent clouds also appear here sometimes.

4. The Thermosphere (85-600 km)
In this layer temperatures can reach up to 1,500°C or higher, though the air is so thin that you wouldn’t feel hot. This is where the International Space Station orbits and where we see the beautiful aurora (northern and southern lights) when solar particles interact with the atmosphere. Radio waves also bounce off this layer, enabling long-distance communication.

5. The Exosphere (600+ km)
The outermost layer, the exosphere, gradually fades into space. The air here is so thin that molecules rarely collide with each other, and this is where many satellites orbit.

Structure 1920
The Earth’s orbital parametres, axial tilt, and magnetic field have profoundly shaped our planet’s atmosphere, climate, geology, and ecology throughout its 4.6-billion-year history. Our orbital variations, known as Milankovitch cycles, operate on timescales of tens to hundreds of thousands of years and have been fundamental drivers of climate change throughout our planet’s geological history.

Birth212223
When our planet was new (new-ish, around 4.6 billion years ago), it had no atmosphere at all. However, sometime later it likely captured passing helium and hydrogen atoms to cover itself in a flimsy lamina of hydrogen and helium, which are the lightest and most abundant materials in the universe, but later, because early Earth was so hot and these gases were so light, these gases escaped into space, leaving our planet with virtually no air.

Several billion years later, between 4.5-4.0 billion years ago2425, the planet had (finally) begun to cool, and massive volcanic eruptions had started spewing gases from the Earth’s interior. These gases included water vapour (steam), carbon dioxide, nitrogen, methane, and ammonia, in a process now named “outgassing”.2627 This was our second atmosphere, a thick, steamy, poisonous (to the current inhabitants of the planet) soup largely dominated by carbon dioxide and water vapour, and no oxygen.28

There is evidence from zircon magnetism indicating the planet’s geomagnetic field existed at least 4.2 billion years ago.29 This early establishment coincides with genetic estimates for the age of the Last Universal Common Ancestor (LUCA)30, suggesting the magnetic field provided crucial protection for early life by shielding against solar and cosmic radiation.31

Already at this stage early geological changes were shaping climate: as the first solid crust formed and differentiated into early landmasses, these geographical features began affecting atmospheric circulation patterns.3233 Volcanic activity also wasn’t random- it was concentrated along the boundaries of the first primitive tectonic plates, creating regional variations in atmospheric composition and temperature.34

Oceans, Outgassing, CO₂ Reduction
The Earth continued to cool, and the water vapour that dominated the atmosphere started to condense into liquid water and formed the first oceans between 4.0-3.5 billion years ago.3536 The bad weather continued for millennia, and much of the atmospheric carbon dioxide that the volcanoes had worked so hard to belch out earlier was dissolved in the rain, now forming carbonate compounds that were deposited as sedimentary rocks.3738 This process gradually reduced the amount of CO₂ in the air and helped stabilise Earth’s climate.3539 We got lucky here in three distinct ways:
1. We were the right distance from our star: if the planet had been too close to the Sun, the water vapour would never have condensed into liquid, and if we were farther away than we are, our water would have been ice;40
2. Our size: Our planet was large enough to have enough gravity to hold on to all the atmosphere and water;4142 and
3. The Earth’s molten iron core: The planet has a molten iron core, and due to this we have a magnetic shield (called the “magnetosphere”) protecting us from solar wind (charged particles ejected continuously from the Sun outwards towards the planets.4344 Solar winds help produce the beautiful auroras our poles are famous for when they interact with our magnetosphere, but damage technology and organisms due to solar radiation. They also affect climate and weather).45

This is also when Earth’s first stable continents were being formed, and their development was crucial for shaping climate at the time: as the earliest continental masses formed through volcanic activity and tectonic processes, they created the first true land-ocean contrasts.3546 These early landmasses absorbed heat differently than oceans, creating the first temperature gradients that drove primitive atmospheric circulation. The beginnings of continental drift also started affecting global heat distribution as landmasses slowly moved to different latitudes.46

Life arrives
Around 3.8-3.5 billion years ago, the first life forms appeared in Earth’s oceans.4748 These early organisms were simple prokaryotes (bacteria and archaea) that thrived in the oxygen-free environment.4849 Many of these early life forms were anaerobic, meaning they didn’t need oxygen and actually found it toxic.3950 Stellar evolution models indicate that the Sun’s luminosity was approximately 25-30% lower during the Archean (3.8-2.5 billion years ago) compared to present-day.5152 Despite this “faint young Sun,” geological evidence clearly shows liquid water existed on Earth’s surface throughout this period.5152 Some climate models suggest that higher levels of greenhouse gases like CO₂ and methane could warm the early Earth. Lower planetary albedo (meaning less sunlight reflected back into space) and fewer continents would also contribute to these temperatures. Together, these factors may have kept the planet above freezing without extremely high greenhouse gas concentrations.5152

Photosynthesis!
3.5 billion years ago, the first cyanobacteria (the Blue-Green Algae we studied in school) invented photosynthesis: i.e., they began using sunlight to make their own food, while producing oxygen as a waste product.5354 Initially, this oxygen didn’t accumulate in the atmosphere because it immediately reacted with dissolved iron in the oceans, forming banded iron formations (rust-coloured iron oxide deposits that we can still see in rocks today).5455 This process continued for over a billion years, slowly removing iron from the oceans while cyanobacteria continued producing oxygen.54

At this time our planet had 17-ish hour days rather than 24-hour days: evidence from ancient banded iron formations suggests the Moon was approximately 60,000 kilometres closer to Earth 2.46 billion years ago.56 This closer lunar proximity would have created much stronger tidal forces and more rapid precession cycles, fundamentally altering climate patterns.57

For several million years, nearly all the oxygen being produced by the Blue-Green Algae was used up by the free oxygen molecules reacting with other chemicals on our planet or in the atmosphere. However, around 2.4 billion years ago, there was finally enough oxygen in the atmosphere that it could not all be used up in the chemical reactions, and the excess oxygen started building up in the atmosphere.58 This critical tipping point is known as the Great Oxidation Event (GOE).59

This is the first example of life forms fundamentally altering the planetary atmosphere, and also the first great extinction event. Oxygen was toxic to the anaerobic organisms that had dominated Earth for over a billion years, and it’s accumulation in the atmosphere caused massive die-offs.60

Due to this catastrophe, some organisms learnt to tolerate oxygen, which was toxic to them up until this point, by creating special defence mechanisms against the poisonous effects of oxygen such as antioxidants and protective enzymes.6162 Other organisms evolved a brand new way of using oxygen- instead of just tolerating it, they started using it for a process called cellular respiration. Before oxygen, organisms had to get energy through anaerobic (meaning “without oxygen”) respiration, which yields much less energy from the same quantity of fuel: using oxygen for energy produces more than seven times more energy than anaerobic respiration.63

This energy revolution resulted pivotal evolutionary advances:6465
1. Cells could now afford to be more complex because they had abundant energy to run more sophisticated machinery;66
2. Organisms could grow larger because they had enough energy to power bigger bodies;6465 and
3. More complex behaviours and functions became possible because there was energy to spare for “luxury” activities.6768

These three points led to another evolutionary breakthrough: the evolution of eukaryotic cells (cells with a nucleus).69 These cells had a nucleus which works as a control centre, several mitochondria (yes, that one), which works as a (yes, that (mitochondria is the powerhouse of the cell)), and organelles that all work specialised functions.

So the oxygen produced by photosynthetic organisms completely transformed Earth’s atmosphere, oceans, and even geology: it caused iron to rust out of the oceans, changed the chemistry of rocks, and created new minerals that had never existed before on Earth.7071

Snowball Earth7273
Some of the most extreme climate events in Earth’s history occurred during the Neoproterozoic Era (750-580 million years ago), when the planet experienced several “Snowball Earth” glaciations that covered most of its surface in ice. These events covered most of Earth’s surface in ice and represented the one of the most dramatic climate changes in planetary history. Analysis of banded iron formations from the Sturtian glaciation shows evidence for orbital forcing (which are variations in Earth’s orbit which influence the amount of solar radiation received by the Earth over time74), with ice sheets advancing and retreating in response to changes in the planet’s orbit. This orbital control provided crucial refugia where life could survive during these extreme times.

The first migration
Around 600 million years ago, a single lineage of freshwater green algae began evolving adaptations that would eventually enable life to transition to land. These early charophyte algae lived approximately 540-520 million years ago during the early Cambrian Period approximately 540-520 million years ago during the early Cambrian Period in shallow freshwater pools and muddy banks, slowly developing resistant coatings to prevent them from drying out when water levels dropped.7576 This remarkable burst of biological innovation fundamentally transformed things: recent research indicates that only a modest increase in atmospheric oxygen around 540 million years ago was sufficient to trigger major ecological changes. The Cambrian Period featured extraordinarily high atmospheric CO₂- between 4,000 and 7,000 ppm, with some estimates peaking at 8,960 ppm. These levels produced intense greenhouse conditions: global temperatures were significantly warmer than today, sea surface temperatures were likely 10–15°C higher than today, and the planet was entirely ice-free, with no permanent polar ice sheets.7778

One of the most significant developments in this period was the widespread emergence of biomineralisation, which is the ability of organisms to produce hard shells and skeletons. The timing of biomineralisation appears linked to changing seawater chemistry during the formation of the Great Unconformity, when widespread erosion released massive quantities of calcium, iron, potassium, and silica into the oceans.7980 Another transformative evolution was bioturbation- the mixing and burrowing activities of early animals in seafloor sediments. This behaviour changed the interaction between ocean floor sediments and sea water, increased the circulation of nutrients and altered porewater chemistry.81

Around this time, as oxygen levels continued to increase, oxygen molecules high in the atmosphere continued to be split apart by the Sun’s ultraviolet radiation and recombined to form ozone (O₃).82 This thickened the ozone layer, a protective shield that blocks harmful UV radiation, which had been accumulating in the atmosphere since the previous 2 billion years,83 but was now reaching protective capacity due to the additional free oxygen now present in the atmosphere.84 This was another crucial planetary development: Before the ozone layer had asserted itself, UV radiation made Earth’s land surface deadly to most life forms.8285

The ozone shield, created entirely by the oxygen from living organisms, made it possible for life to eventually colonise land around 500–470 million years ago.86 Without life producing oxygen, there would be no ozone layer, and Earth’s surface would still be uninhabitable. Around 470-485 million years ago,86 the first true land plants (called embryophytes) made their appearance. These early pioneers were tiny, simple organisms that looked more like green carpets than modern plants,87 and due to this primitive rug oxygen levels started rising again as land-based photosynthesis added to marine oxygen production, and as these plants and organic matter started breaking down rock surfaces, and atmospheric CO2 started dropping due to photosynthesis (which uses CO2 as fuel).8889

When plants colonised land, they created another major feedback loop with the atmosphere. Land plants dramatically increased oxygen production through photosynthesis while simultaneously removing carbon dioxide from the air. In time, forests became massive carbon storage systems, locking CO₂ in wood and soil.8889 The rise of plants also affected Earth’s planetary energy balance because green vegetation reflects less sunlight than bare rock, changing Earth’s albedo (reflectivity, with a value between 0 and 1; a high albedo means more light is reflected by the planet or surface in question into space, while a low albedo means more light is absorbed. For example, Earth’s albedo is about 0.31, reflecting approximately 31% of the solar radiation it receives) and affecting global temperature.90

Meanwhile between 485-443 million years ago, throughout the Ordovician Period, the most significant and sustained diversification of marine life in Earth’s history occurred, fundamentally transforming oceanic ecosystems.91 This extraordinary evolutionary radiation lasted nearly 42 million years and represented a fundamental shift from the simple post-Cambrian fauna to complex, multi-tiered marine ecosystems.91 This is called the Great Ordovician Biodiversification Event (GOBE), and is our planet’s greatest marine evolutionary revolution.91 Unlike the rapid burst of the Cambrian Explosion, GOBE was a sustained, long-term adaptive radiation that occurred at different times across different regions, driven by the unique paleogeographic configuration of the Ordovician world. Ordovician phytoplankton diversity reached approximately 400 species,92 the highest levels of the entire Paleozoic, which had profound effects on Earth’s carbon cycle and atmospheric composition through enhanced photosynthesis. This contributed significantly to rising atmospheric oxygen levels and increased organic matter production and burial thereby helping draw down atmospheric CO₂, contributing to global cooling trends.9293

It is thought that the late Cambrian Steptoean Positive Carbon Isotope Excursion (SPICE) around 500 million years ago which triggered a major atmospheric oxygen increase from 10-18% to 20-28%.949596 Full ocean oxygenation to modern levels didn’t occur until approximately 521 million years ago (deep waters remained largely oxygen-poor until around 400 million years ago), and may have played a significant role in GOBE specie diversification and population explosion.9396

Around 430-450 million years ago (land) plants evolved vascular systems-internal “plumbing” that could transport water and nutrients throughout the plant.97 Vascular plants could extend deeper into soils with primitive root systems, accelerating the chemical breakdown of rocks and removing more CO₂ from the atmosphere. This led to plant roots and acids creating the first recognisable soils, fundamentally changing land surface chemistry. Atmospheric CO₂ continued declining as more efficient photosynthesis spread across larger land areas.88

Devonian through Carboniferous
Between 419-358 million years ago, called the Devonian Period, true roots evolved,98 so plants could now anchor themselves firmly and access deep water and nutrients, trees evolved,99p the first seeds evolved100, and stomata (tiny pores that allow plants to exchange gases) evolved101. This led to a drop in atmospheric CO₂ from 4,000 ppm102 (parts per million) to around 1,000 ppm103104 as vast new forests absorbed carbon. Oxygen levels soared, rising from about 15% to 21%,105 as forest photosynthesis accelerated, and the first deep, complex soils formed as tree roots penetrated far into bedrock. Tree roots produced organic acids that dramatically increased rock dissolution rates, removing even more CO₂.103

The Carboniferous period came next (358-298 million years ago) and was named for the massive coal deposits formed during this time.106107 This period saw the formation of Earth’s first massive forest ecosystems: seed plants diversified, some trees grew to heights of more than 40 metres, and tree ferns dominated swampy lands. During this period atmospheric CO₂ crashed to 300 ppm.108109 This was lower than pre-industrial levels (which were around 280 ppm) which triggered the beginning of a major ice age (because CO2 is a green house gas- it traps heat like a figurative blanket, and if your blanket is thin during winter, you will likely freeze), oxygen levels rose to 35% (compared to today’s 21%), so high that even damp wood could ignite.105107

Pangaea & Climate Shifts
While the above was happening, 305 million years ago, climate became drier and cooler, causing the “rainforest collapse.”110 This crisis favoured seed plants over spore-bearing plants, fundamentally changing forest composition.110 At the same time (around 300 million years ago), all continents were joined in a supercontinent called Pangaea, and a single massive ocean (Panthalassa) surrounded Pangaea, creating very different heat distribution patterns than today’s multiple ocean basins.110 This massive landmass had profoundly different climate to what we have now. With most land far from moderating ocean influences, the interiors experienced extreme temperature variations and reduced rainfall. Ancient glacial deposits found across today’s southern continents (including India and Australia) demonstrate they were once clustered around the South Pole when they were part of Gondwana (southern Pangaea).110111

Over the past 540 million years, Earth’s magnetic field strength and atmospheric oxygen levels have correlated strongly. Both peaked between 330 and 220 million years ago and have exhibited remarkably similar patterns throughout the Phanerozoic Eon, suggesting connections between deep Earth processes and surface conditions.112113114

Permian-Triassic Mass Extinction115116
The Permian–Triassic boundary (252 million years ago) marks Earth’s largest mass extinction, offering insights into how extreme environmental changes can affect life. Atmospheric CO₂ concentrations increased six-fold from approximately 426 ppm to 2,507 ppm within about 75,000 years, primarily due to massive volcanism from the Siberian Traps. These eruptions released approximately 36,000 gigatons of carbon into the atmosphere.108 The resulting greenhouse effect raised global temperatures by about 10°C and dramatically lowered ocean pH. These conditions eliminated nearly 96% of marine species and about 70% of terrestrial vertebrates.108

Angiosperm evolution
Beginning around 200 million years ago,109 Pangaea broke apart into modern continents, forming new oceans, altering heat distribution, and changing global climate patterns. The evolution of flowering plants (angiosperms) during the Cretaceous Period (145-66 million years ago) represents the most recent major plant revolution.110 The breakup of Pangea eliminated the vast desert belts that had dominated Pangaea, replacing them with humid temperate zones111 ideal for plant growth112113 and created numerous smaller landmasses and archipelagos,111114 providing isolated environments perfect for rapid speciation,115 and the creation of the new climactic zones created diverse climate conditions that encouraged angiosperm diversification.116

Mid Cretaceous (100-94 million years ago) sea levels were 100-200 metres higher than today,117 creating extensive coastal wetlands and island systems. The period witnessed high CO₂ levels (up to 1,500 ppm)118119 providing abundant carbon for photosynthesis, and warm, humid conditions with minimal temperature gradients between the poles and and the equator.117118 All of this favoured plant growth, and contributed to explosive angiosperm diversification (called the “Mid-Cretaceous Angiosperm Radiation”).120121 Flowering plants spread from wetlands to floodplains, then to coastal areas121 and eventually to most terrestrial environments, and some plants evolved into the ancestors of plants we have today (such as orchids, mints, magnolias).122123124

By the late Cretaceous (100.5 to 66 million years ago), angiosperms had become dominant in most terrestrial ecosystems.120125 Angiosperm expansion contributed to oxygen level changes, though not as dramatically as earlier plant evolutions, as well as more efficient photosynthesis and rapid turnover rates increased carbon cycling between the atmosphere and the biosphere. Bees, butterflies, and many other pollinating insects, as well as birds evolved alongside flowering plants at this time.126127 New plant tissues and chemicals drove the evolution of specialised plant-eating insects, and this plant-insect coevolution created much more complex terrestrial food webs. This also affected the lives of early mammals (some of our earliest ancestors had arrived, yay!) which evolved to exploit angiosperm fruits, nectar, and the insects they supported.126128129130131132133

Grasses
Early grasses evolved around 65-70 million years ago,134 and were mainly shade-tolerant species that lived under forest canopies, and used C3 photosynthesis (C3 Photosynthesis is the typical pathway in most plants). C4 photosynthesis evolved around 35 million years ago during the Oligocene and is used by plants like corn and sugarcane to minimize photorespiration.134135 Photospiration is a light-dependent plant process that consumes oxygen and releases carbon dioxide which is more efficient in hot environments. It acts as a counter-process to photosynthesis, and improves plant efficiency in hot environments.134135 C4 photosynthesis evolved over 60 times independently in grasses.136

Extraterrestrial visitor
The Cretaceous-Paleogene (K-Pg) extinction event happened 66 million years ago, and is one of the most dramatic and well-documented climate and ecological catastrophes in Earth’s history.137 A massive asteroid approximately 10-15 kilometres in diametre struck the Yucatán Peninsula in Mexico, creating the 180 kilometre wide Chicxulub crater.138 This impact occurred precisely at 66.043 ± 0.043 million years ago, and eliminated approximately 75% of all species on Earth, including non-avian dinosaurs, and fundamentally reshaped the planet’s climate, atmosphere, and ecosystems.139140141

The asteroid impact created temperatures hot enough to ignite vegetation globally for the first hours after the event.142143 Evidence suggests 15,000-70,000 teragrams (1 teragram is 1,000,000,000,000 grams, or 383,523,886,956.52 tsp of all purpose flour for our bakers) of soot144 was injected into the atmosphere from burning biomass and hydrocarbons and massive amounts of pulverized rock were ejected into the stratosphere. These events eventually led to soot and dust particles blocking 50-90% of sunlight from reaching the Earth’s surface, causing a planetary twilight lasting 1-2 years which then caused food webs to collapse due to unavailability of sunlight for photosynthesis.145146 Global average temperatures dropped by 7-28°C on land and 11°C in oceans: mid-to-high latitudes experienced more severe cooling than tropical regions, and temperatures remained below freezing for at least 3 years in many regions.144145 Ocean cooling persisted for decades after the impact, affecting ocean circulation.144145

The impact also vaporised 67 ± 39137 Gigatonnes of sulphur from gypsum-rich target rocks (Pure gypsum (calcium sulfate dihydrate) contains about 18.5% to 18.6% sulphur by weight. However, agricultural-grade gypsum typically has other impurities and may contain a slightly lower percentage of sulphur, often in the range of 13% to 17% depending on the source147). This led to the formation of aerosols in the stratosphere, creating acid rain and further cooling. sulphur aerosols persisted for 10+ years longer than dust particles.148

Simultaneously, stratospheric heating from soot absorption caused extreme ozone layer depletion, and the 145 release of nitrogen oxides and other compounds created a toxic atmosphere.145 Sulphuric, nitric, and carbonic acid rain acidified land and freshwater, due to which ocean pH decreased by 0.25 units within 100-1,000 years after impact, leading to acidic conditions dissolving the shells and skeletons of marine organisms.145 Overall land precipitation decreased by over 85% in the months following impact, and tropical areas experienced severe drought while maintaining milder cooling.144 Normal precipitation patterns took more than 10 years to reestablish.144

This event devastated oceanic and terrestrial ecosystems: most living beings were killed,140145 and those that lived had few ways to find or make food.

Deccan volcanism
Coincident with the impact, the Deccan Traps in present day western India were experiencing one of the largest volcanic eruptions in Earth’s history.149150 These eruptions created lava flows over 2 kilometres151 thick covering an area larger than modern France (There is some controversy about the timing, but it is thought that most intense eruptions occurred within ~250,000 years152 of the boundary, and some evidence suggests the Chicxulub impact may have triggered intensified Deccan volcanism150153). Due to these eruptions, volcanic sulphur dioxide was released into the air creating aerosols that temporarily cooled climate and volcanic ash blocked sunlight to an extent, these eruptions also released enormous amounts of CO₂. Some sources saying it could have caused 2-8°C154 warming in some regions, while others peg the warming at a much lower level.155 However, unlike the impact cooling caused by the asteroid, the volcanic warming persisted for thousands of years,156157 and also contributed to ocean acidification before and after the impact due to the release of sulphur, chlorine, and other toxic gases into the air which dissolved in rain.158159160

Climate began recovering within 10-30 years of impact,161 helped on by the Deccan CO₂ emissions. Hydrological cycles took a few decades to recover.140144 Life eventually snapped back.162162

While there are several evolutionary consequences of the impact, the extinction of dinosaurs allowed mammals to diversify and eventually dominate terrestrial ecosystems (yay, us!).163 Angiosperms filled many ecological niches left vacant by extinct plant groups: currently approximately 300,000 of the world’s 400,000 plant species are angiosperms.164 The K-Pg event marked the beginning of modern Cenozoic ecosystems.165

Paleocene–Eocene Thermal Maximum (PETM)
The Paleocene–Eocene Thermal Maximum (PETM) was a brief but extreme global warming event that occurred about 56 million years ago, marking one of the fastest natural climate shifts in Earth’s history.166 Roughly 2,000–7,000 gigatons of carbon (as CO₂ and methane) were injected into the atmosphere and oceans over 2,000–20,000 years,167 likely from volcanic activity and the destabilisation of deep-sea methane hydrates.168 Global average temperatures rose by 5–8 °C and remained elevated for 170,000-220,000 years,169 profoundly warming both land and sea surfaces.

The extra CO₂ made oceans more acidic, leading to rapid extinctions among marine microorganisms like foraminifera.170 But on land, forests expanded poleward,171 animal-pollinated flowers became much more common (insects and early mammals co-evolved), forest diversity exploded as new climate zones opened up, and plants could suddenly grow in previously impossible places.120175

Mammal groups underwent evolutionary bursts as new niches opened up: primates (ancestors’ alert!) spread from Asia to Europe to North America for the first time, even-toed ungulates (ancestors of deer, pigs, cows) emerged, and odd-toed ungulates (ancestors of horses, rhinos, tapirs) punched in their evolutionary attendance as well.172173 This is also when mammals became smaller due to heat stress and lower-quality plant nutrition from high CO₂, and several species went extinct as per available fossil records.170174

The PETM wasn’t isolated- it was followed by ETM2, H1, H2, and other “hyperthermals” that collectively created the Early Eocene Climate Optimum, the warmest period of the last 65 million years. Recovery from this level of warming took over 200,000 years.169176

Eocene and Himalayas
The Early Eocene period from 52 to 50 million years ago had global mean temperatures of ~30°C (compared to ~15°C today).177 Antarctica and Greenland were completely ice-free with subtropical forests (fossil evidence shows crocodiles and palm trees in Arctic regions, tropical mollusks and sharks found in Alaska and Norwegian Arctic, and modern mammals expanded around the planet).177178179180181 Atmospheric CO₂ levels remained above 800 ppm, more than double pre-industrial levels.182

While this was happening, around 50 million years ago,183 the Indian subcontinent plate started crashing into what we now call Asia (the Eurasian plate) after drifting up from near Antarctica,184 thus raising the mighty Himalayas and closing the Tethys Sea184 (an ancient ocean between India and Asia, 50-15 million years ago).184185186 This had several profound climactic effects:
1. The rising Himalayas (50-15 million years ago) created a massive topographic barrier that blocked winter winds from Siberia187 and channeled warm, moist air from the Indian Ocean creating the Asian monsoon system that now affects billions of people;188
2. The Tibetan Plateau acts as a “giant attractor of fresh water” in the Northern Hemisphere, fundamentally altering global precipitation patterns and ocean circulation;189
3. It helped shut down deep water formation in the Pacific while enhancing it in the Atlantic, contributing to our current global ocean circulation pattern;190 and
4. The massive amounts of fresh rock exposed by Himalayan uplift increased chemical weathering rates, removing more CO₂ from the atmosphere and contributing to global cooling over millions of years.191192

The closure of the Tethys Sea also had pivotal consequences for planetary climate:
1. The Tethys Sea had allowed warm water to flow from the Atlantic to the Indian Ocean. Its closure forced major reorganization of global ocean currents;193194
2. As the Tethys closed, the Mediterranean Sea formed as a remnant, fundamentally changing European and North African climate;195 and
3. Tethys closure helped intensify the Asian monsoon by creating stronger temperature contrasts between land and sea (since there was now no water mass between the Eurasian plate and the Indian plate).196197

Drake Passage, Antarctic isolation, and grass 2.0
While all this was happening, the separation of South America from Antarctica created the Drake Passage between 40 and 30 million years ago.198 When this passage opened, it allowed the formation of the Antarctic Circumpolar Current- the world’s largest ocean current that now transports between 130 million cubic metres198 to 173 million cubic metres199 of water per second around Antarctica. This isolated Antarctica from warm ocean water flowing south, leading to its rapid glaciation and the formation of permanent ice sheets.200 These events contributed to the major global cooling that occurred between 33-34 million years ago, ending the warm Eocene period, altered global ocean heat transport, and altered climate worldwide.198200

The expansion of grasslands helped draw down atmospheric CO₂ during the late Miocene (23.03 to 5.33 million years ago) to help cool the planet again by promoting widespread chemical weathering through plant roots, which drew down CO₂ and facilitated global cooling.201202 This process was driven by geological factors like the uplift of mountain ranges (such as the Himalayas), that changed land configurations, and climate patterns that created open, arid, and seasonally dry environments ideal for grassland proliferation,203204 ultimately reinforcing climate feedbacks that further decreased greenhouse gases and enhanced cooling.205 Once again, changes in vegetation patterns changed our planet’s climate.206

Later, the rise of the Isthmus of Panama (between 15 and 3 million years ago) was one of the most climate-altering geological events in recent Earth history by cutting off deep water exchange between the Atlantic and Pacific was cut off by 9.2 million years ago207 (shallow water exchange continued until about 3 million years ago207). This created the modern Gulf Stream that keeps northwestern Europe 10°C warmer than it would otherwise be,208209 made the Atlantic saltier (because trade winds carried moisture from the Atlantic to the Pacific, increasing evaporation in the Atlantic which helped drive the formation of modern deep water circulation in the North Atlantic),207 and contributed to the glaciation of the North by providing the moisture needed for glacier formation.208

Grasses 3.0
While early C4 grasses were restricted to open, disturbed habitats with high light and temperature, by 8-4 million years ago204 they had expanded globally. Due to drying climate at this time trees that evolved in humid, wet weather conditions found difficult to hold on to areas they had earlier conquered.204209 So grasses went from minor components of ecosystems to dominating vast landscapes: savannas, prairies, and steppes as we know them formed during this period. This concurrently created entirely new ecosystems that significantly transformed regional climates and atmospheric conditions by promoting open areas with sparse vegetation. These changes altered albedo (how much light the planet is reflecting back into space, and grasslands have highly variable albedo- dark green during wet seasons, light brown/yellow during dry seasons),210211 increased evapotranspiration (the total process by which water moves from the land surface and plants into the atmosphere, combining evaporation from soil and water bodies with transpiration from plants),212 and influenced local and global climate patterns.

Grasslands create fire-climate feedbacks because they create continuous fine fuel that burns easily,213 increasing fire frequency from once per century to every 1-3 years.214 When burning, they produce smoke and particles that can cool regional climate by blocking sunlight, but grasses also re-grow within weeks of burning,213 quickly restoring carbon uptake. Fire-climate interactions also help grasslands expand, since fire kills off forests, but as mentioned, grass has the advantage over trees since it can regrow quickly in those previously forested areas.215

Grasslands store 80-90% of their carbon underground in massive root systems,216 compared to trees that store most carbon aboveground, which means if there is a fire above ground, the underground carbon storage won’t be destroyed. Later, grassland-supported herbivores became major methane producers, adding an interesting layer to the workings of grasslands as greenhouse gas stores.217 Atmospheric CO₂, already lower than in ancient times, was further drawn down: grasslands, soil formation, and slower growth of woody plants reduced the amount of carbon being released back to air.211218

Ice age intensification
2.6 million years ago, our planet crossed a threshold: the climate cooled enough for glaciers to form.219 The planet entered the Pleistocene epoch, defined by cycles:219 cold glacials (big ice sheets advancing) and warmer interglacials (ice retreating), repeatedly, in roughly 40,000‑year cycles.219220 The cycling between cold and warmth in long glacial-interglacial rhythms were driven by subtle changes in Earth’s orbit (Milankovitch cycles).220 These rhythms controlled how much sunlight different parts of the planet received, and with them came massive atmospheric and ecological changes.221222

These ice sheets locked up huge amounts of water and also reflected a lot of sunlight (ice has high albedo) which meant less solar heating of Earth’s surface, leading to lower sea levels, ecosystem retreat (due to cold weather), and the retreat of high-latitude forests areas (tundra and steppe replaced them).223224225226 Animal life in the cold areas either adapted to the frigid weather (for example by developing thick fur),227228 or moved to warmer locations.227229 Plant communities also shifted poleward or downslope, depending on latitude and geography.229230 Meanwhile, atmospheric CO₂ levels fluctuated: during glacial periods CO₂ dropped231 (as colder oceans hold more CO₂, fewer plants232 in cold areas which meant more ice reflecting the Sun’s heat and light into space, etc.), then rose in interglacials.

The Mid‑Pleistocene Transition (~1.2 to 0.7 million years ago)
The glacial cycle now expanded to roughly 80‑ 100,000 years233 from the previous approximately 40,000 year cycles. It is thought that there were multiple interacting factors that over time caused ice sheets to grow larger and last longer, which contributed to a cooler planet.231 Cooler global temperatures meant CO₂ drawdowns during glacials were deeper,231 and ecosystems had to cope with even longer cold periods. With bigger ice sheets, land that had been vegetated became barren under ice, further reducing photosynthesis and raising local albedo, all amplifying cooling.232

Homo Sapiens
300,000 years ago the planet was in the grips of a glacial period. Vast ice sheets covered much of the Northern Hemisphere, stretching down over what is now Canada, northern Europe, and Russia.234 Sea levels were over 100 metres lower than today- so much water was locked in ice that entire land bridges emerged: Siberia connected to Alaska, Australia was linked to New Guinea, and the British Isles were part of mainland Europe.234 Forests shrank, pushed back by advancing ice or cold, dry air. Grasslands, steppe, and tundra spread. Deserts expanded in some regions, while other regions were cooler and wetter.234235 Dust from dry landscapes filled the air, carried by powerful winds into the atmosphere, affecting solar reflection and local climate. The planet was dry, windy, and colder by around 5-8°C on average compared to today.234235 Atmospheric CO₂ levels hovered around 180-200 ppm, far lower than modern concentrations.234235

These are the conditions that birthed our first recognisably human ancestors.236237

Several hominin species were alive at the time, and we persisted through the frequent freezes, as well as brief warm intervals like the Eemian (130,000 to 115,000 years ago). During the Eemian, the ice retreated, CO₂ rose to approximately 280-300 ppm, forests expanded again into higher latitudes, and savannas and wetlands bloomed across parts of Africa and Eurasia.235238 These were golden times for human evolution: food sources diversified,239240 migration became easier (remember, lots of land bridges were still available),241 and new ecological niches242 opened up, and our ancestors left our original home in Africa and started colonising our planet 100,000 to 70,000 years ago.243244 Along the way, they encountered different biomes (a distinct geographical region with specific climate, vegetation, and animal life): such as forests, deserts, coasts, grasslands, and adapted to each with tools, social cooperation, and eventually, fire.242245

Fire
Fire was the first way hominins exerted any control over the atmosphere.246 Controlled burning is among the oldest forms of ecological management. Early Homo sapiens and even earlier hominins like Homo erectus and Neanderthals used fire not just for warmth or cooking, but likely to clear land, encourage new growth, or drive animals.246 By setting fires, they released stored carbon in vegetation back into the atmosphere as CO₂.246 While these emissions were small compared to modern levels, over tens of thousands of years they changed regional vegetation patterns, created more open savanna-like landscapes, and influenced albedo (burned land reflects differently than dense forest).246 This fire-land-atmosphere feedback was the beginning of human involvement in biogeochemical cycles.246

Ecosystem Engineering
Homo sapiens spread into Europe and Asia (by about 70,000– 50,000 years ago),247 and immediately started redecorating the landscape. They entered terrain with healthy populations of megafauna such as woolly mammoths, giant ground sloths, cave bears, mastodons, all ecosystem engineers in their own right that kept forests open, trampled plants, redistributed nutrients248249 until hominins hunted them down to nothing.250 The decline of megafauna had major ecological and atmospheric consequences:
1. Fewer grazers meant that open ecosystems like steppe and savanna could revert to denser forests, drawing down more CO₂ (however, in other regions human fire regimes maintained grasslands, potentially stabilising CO₂ through fire-vegetation balance).246251252
2. Loss of large herbivores reduced methane emissions (methane is a potent greenhouse gas).253

This shifting mosaic of forest, grassland, wetland, and desert reshaped the carbon cycle on a continental scale even before agriculture began.249251253254

Laschamps Magnetic Excursion
The most recent example of magnetic field impacts on climate and ecology occurred during the Laschamps excursion 42,000-41,000 years ago.255256 During this brief magnetic reversal, the field strength dropped to only 6% of its current value during the transition period.255256 This magnetic weakening correlated with:
1. Sudden climate cooling recorded in sediment and ice core records globally;257
2. Megafauna extinctions, including woolly mammoths and giant Australian marsupials;257
3. Changes in human behaviour including increased use of caves and red ochre (possibly as sunscreen);256 and
4. Ozone depletion which allowed increased cosmic radiation to reach Earth’s surface.255

The Last Glacial Maximum
The Earth descended into its last major glacial phase between 26,500 to 19,000 years ago.258 Once again ice sheets locked up water, and covered vast areas of the northern hemisphere,258 sea levels dropped,259 and atmospheric CO₂ bottomed out at around 180 ppm while methane fell to 350–400 ppb.260261 These greenhouse gas levels were among the lowest in millions of years.260261 Human populations during this time survived in isolated refuges, like parts of southern Europe, Africa, and Asia.262263264 But they continued to hunt, migrate, and use fire, and these interactions shaped the ecosystems they worked with.246265 In some areas, especially Australia, the combination of fire and human hunting dramatically changed plant communities and may have contributed to extinction of large marsupials.266267

Holocene
Between 19,000 and 11,700 years ago, the Earth began transitioning out of the icy grip of the glacial period once again.268 Glaciers melted, CO₂ began to rise naturally (due to warmer seas, lesser albedo, more vegetation, thawing soil) from around 180 to 260 ppm.269270 This warming triggered profound changes:
1. Sea levels rose by over 120 metres, redrawing coastlines;271
2. Forests reclaimed northern latitudes as tundra and ice receded;272
3. Wetlands expanded, becoming methane sources;273 and
4. Animals and plants shifted ranges dramatically- some followed the climate northward; others were stranded.274275

For the first time in over 100,000 years, humans experienced a world with reliably warm temperatures, regular rainfall, and stable sea levels.269276 This period was not just a reprieve from glacial chaos: it was the cradle of civilisation.269276 The Holocene (named after the Greek words for “entirely recent.”277278) gave humans everything they needed to shift from a mobile, foraging species to sedentary builders of complex societies.279280281 We began to shift the biosphere, and the atmosphere shifted with us.282

Agriculture
Humans had been domesticating plants and animals in small ways for thousands of years before the Holocene, but around 9,000–10,000 years ago, the process accelerated and spread across multiple regions nearly simultaneously.283284 In the Fertile Crescent, people began cultivating wheat, barley, and legumes. In China, rice and millet. In India, wheat, barley, and rice. In the Americas, maize, squash, and potatoes. In Africa, sorghum and yams.285286

Our earliest agriculturist ancestors cleared forests to plant crops, often using fire- thus releasing CO₂ into the atmosphere. They also tilled soil, exposing carbon-rich topsoil to oxygen, further increasing emissions. Further, as irrigation and livestock practices developed, they emitted methane, a more potent (though shorter-lived) greenhouse gas.287288289 By some estimates, early farmers increased atmospheric methane by enough to delay the next ice age.290291 William Ruddiman’s “Early Anthropogenic Hypothesis” suggests that without early agriculture, Earth’s natural orbital cycles might have sent us sliding into another glaciation by now.290

Civilisation
As agriculture spread, forests fell across Mesopotamia, the Indus Valley, Egypt, China, and Mesoamerica.292293 Wetlands were drained.292 Terraces were carved into mountains.292293 Rivers were redirected.292293 Every alteration changed local climate and hydrology, and increasingly, the global atmosphere.292293 By around 5,000 years ago, large-scale civilisations were flourishing: the Sumerians in Mesopotamia, the Harappans in the Indus Valley, dynastic Egypt, and the early Chinese states.294295296297298 These societies built cities, roads, irrigation systems, and often concentrated millions of people in tightly packed regions, relying on surrounding land to feed them.294295296297298

With increasing population came a growing demand for timber, grazing land, and even more land for crop farming.299 Every hectare converted from wildland to farmland shifted the carbon budget of the Earth. By 2,000 BCE, the cumulative effects were measurable in the ice core records: atmospheric CO₂ began creeping upward again, alongside methane.300301

Collapse
At this time, human societies were entirely dependent on the planet’s bounty, and its moods. Around 2,200 BCE a sudden drying period affected the Middle East, India, and parts of Africa.302303304 Crop failures and societal strain may have helped collapse the Akkadian Empire, disrupted the Indus Valley Civilisation, and weakened Old Kingdom Egypt. The Mycenaeans, Hittites, and other Eastern Mediterranean powers fell together around 1,200 BCE due to what are thought to be volcanic eruptions, droughts, and migration pressures.302303304 Three massive volcanic eruptions (536, 540, and 547 CE), contributed to global cooling, failed harvests, and pandemics.305306 Tree ring records and ice cores show a drop in temperatures of 1-2°C globally.307308 Famine, migration, and disease followed.309310

By around 1,000 CE, the cumulative impact of human land use was enormous: half of Europe’s original forests were gone, Asian rice agriculture had become a major methane source, pastoralism spread across Central Asia, North Africa, and the Andes, and indigenous Americans managed landscapes on a continental scale through fire, terracing, and irrigation.311312 This was a warmer period, known as the Medieval Warm Period (950– 1250 CE), temperatures in some regions (especially Europe) rose modestly.313 This led to population booms in China and Europe, longer growing seasons, and even encouraged the Viking expansion to Greenland.313314

But the Earth’s climate system remained dynamic: we once again had a cooler period, now named the Little Ice Age (1300– 1850 CE), possibly linked to solar minima, increased volcanic activity, and a slight dip in CO₂ and methane levels- partly due to reforestation after pandemics (e.g., the Black Death) reduced human populations.315316317 Glaciers advanced,318 winters became harsher,319320 European rivers like the Thames froze,321 and crops failed more often.322

Coal
Beginning around 1750 CE, the Industrial Revolution marked humanity’s first major leap from regional to global atmospheric influence.323 this period fundamentally altered the relationship between human society and Earth’s atmosphere through the large-scale burning of fossil fuels.323 The shift to steam-powered manufacturing created the first truly industrial cities.323 Places like Manchester, Birmingham, and Glasgow became centres of coal-burning factories that blackened skies with soot and smoke.324 By the first half of the 19th century, manufacturing contributed over 30% of GDP in early industrializing countries like Britain and Belgium.324 Steam engines weren’t just for factories- they powered the first steamships (1807)325 and railways (1825).326 These transportation networks built using coal-smelted iron and steel created a feedback loop: more coal was needed to power the very systems that moved coal around the world.326327228329

The era is documented visually by artists like Claude Monet, along with other pioneering artists like J.M.W. Turner, who painted the smoke, haze, and atmospheric changes brought by the Industrial Revolution. Recent scientific studies have revealed that the hazy, dreamlike quality of many Impressionist paintings is a faithful rendering of the actual air pollution these artists experienced in cities like London and Paris during the 19th and early 20th centuries.330331332 Interestingly, as sulphur dioxide and particulate pollution increased during the Industrial Revolution, the contrast in Monet’s paintings dropped and his palette shifted toward paler, hazier colours.330333 This trend closely matched real rises in air pollution;334335 Monet and Turner literally painted what they saw. The result is an atmospheric “polluted realism”. The diffuse, foggy quality of many Impressionist masterpieces provides a unique artistic record of environmental change that complements scientific air quality data from the era.

The widespread use of coal led to the first anthropogenic air pollution on an industrial scale.334335 Urban areas developed thick smog, rivers became dumping grounds for industrial waste, and forests were cleared for fuel and construction.334335 While the environmental impacts were initially local, the atmospheric effects were beginning to accumulate globally.335 By 1850, atmospheric CO₂ had risen from pre-industrial levels of 275 ppm to approximately 285 ppm- a seemingly small increase that represented the beginning of exponential growth.336337 Methane levels also started rising from pre-industrial levels of around 722 parts per billion (ppb).338 Earth’s average surface temperature began its upward trajectory during this period, warming by approximately 0.1-0.2°C by 1850.339340

This early warming was subtle compared to later changes, but it marked the end of the natural climate variability that had characterized the Holocene.

Electricity
The late 19th century brought two revolutionary technologies: electricity and the internal combustion engine. By 1909, 23% of industrial power was generated by electrical motors; by 1929, this had soared to 77%.341342

Meanwhile, Rudolf Diesel’s engine (1897) and the Ford Motor Company (1903) launched the automotive age. In 1919, there were 6.7 million cars in the US; by 1929, there were 23 million.343 Between 1920 and 1929 alone, global motor vehicle production soared from 2.2 million to 5.3 million annually.343 This was a fundamental shift from coal-powered stationary industry to oil-powered mobile transportation.

War
The period between the World Wars saw unprecedented industrial expansion.344 Steel production, powered by improved blast furnaces reaching temperatures of 1000°F and heights of 80+ feet, enabled massive construction projects.345 The 75,000 miles of railroad track laid in the US during the 1880s represented the largest railroad expansion in world history.344 By the 1920s, the environmental consequences were becoming visible:345 urban areas developed thick smog, and automotive emissions were already recognised as problematic- accounts from the 1890s described petrol motors as notably “dirty”.346 However, systematic efforts to address emissions wouldn’t begin until decades later.

World War II (1939-1945) triggered the largest industrial mobilization in human history.347 Factories converted to military production, aircraft manufacturing exploded, and petroleum consumption reached new heights. This wartime surge established the industrial infrastructure and energy-intensive mindset that would characterize the post-war boom. By 1950, global CO₂ emissions had reached 6 billion tonnes annually- a massive increase from pre-industrial levels of essentially zero,347 and atmospheric CO₂ concentrations had risen from 280 ppm to approximately 310 ppm.347 This represented the steepest change in atmospheric chemistry in over 10,000 years.347

Anthropocene
Antonio Stoppani first proposed the idea of a new geological era named after human impact on the planet in 1873. He proposed we call our age the “Anthropozoic”.348 A century later, in the 1980s, Eugene Stoermer coined the term “Anthropocene” (Anthropo = man, Cene = new)349.348 In 2019 a panel of scientists voted to nominate Anthropocene as a new geologic era that began in 1950.350

This proposal of formal geological recognition was rejected in March 2024. Even so, the Anthropocene remains scientifically valid as a descriptor of human impact. The International Union of Geological Sciences (IUGS) voted down the formal epoch proposal with 12 against, 4 in favour, with 2 abstentions out of 18 total voting members, not because they dismissed human impact, but because they couldn’t constrain it within traditional geological frameworks.351352353 The IUGS concluded: “Despite its rejection as a formal unit of the Geologic Time Scale, Anthropocene will nevertheless continue to be used not only by Earth and environmental scientists, but also by social scientists, politicians and economists, as well as by the public at large”, and “Anthropocene” remains “an invaluable descriptor of human impact on the Earth system”.352

Since 1950, humans have:
1. Doubled fixed nitrogen on the planet through industrial fertiliser production354355
2. Created a hole in the ozone layer through CFC releases356357
3. Released enough greenhouse gases to cause planetary-level climate change358359
4. Created tens of thousands of synthetic compounds that don’t naturally occur on Earth360
5. Caused one-fifth of river sediment to no longer reach oceans due to dams361362
6. Geologists have identified novel “anthropogenic rocks” (Plastiglomerates, which are rock-plastic composites formed by melting, Pyroplastics, plastics altered by fire, Plasticrusts, plastic crusts on natural rock surfaces, and Plastisandstones, sandstones cemented with plastic particles)363
7. Human-made materials now exceed natural geological processes. We move more sediment and rock annually than all natural processes combined.364365
8. Beyond nuclear weapons, nuclear power and accidents have left distinct radioactive signatures in sediments worldwide.366367
9. Coal and fossil fuel burning since 1950 has created distinct carbon particle layers in ice cores and sediments globally.358359

The 2019 UN IPBES Global Assessment confirmed that about one million species are at risk of extinction within decades. A 2023 study suggests two million species are threatened. This is double the previous estimates:
1. 12% of all bird species are threatened with extinction;368369
2. 48% of monitored species are experiencing population declines;370
3. Only 3% have increasing populations;370 and
4. 81% of megaherbivores went extinct during Late Pleistocene human expansion.371

Microplastics have become ubiquitous geological markers.363 Since mass plastic production began in the early 1950s, microplastics are “forming a near-ubiquitous and unambiguous marker of Anthropocene”. Microplastics now appear in archaeological dig sites as deep as 7.35 metres (24+ feet) below surface in deposits as old as the first century CE.363 This contamination shows how rapidly plastic pollution has infiltrated Earth’s sedimentary record (or maybe this is proof of time travel, who can say?).

So unprecedented is the scale of human-made changes to the planet, that we’re now adding 2-3 ppm of CO₂ every single year372373374 (2024 saw the largest one-year increase on record at 3.75 ppm373), when before us, even during the fastest (non volcanic) natural changes (like after ice ages), CO₂ rose by 1-2 ppm every 1,000 years.375376 When CO₂ levels changed naturally, it usually took between 1,000-7,000 years to add 1-2 parts per million ppm to the atmosphere, which means that a natural change of 100 ppm would normally take 5,000-20,000 years.377378 We did it in just 120 years.379380 We’ve warmed the planet about 1°C in just 150 years, 10 times faster than any climate change in the past 65 million years.381382383 If we examine the rate of human-attributable (whether caused or accelerated) species extinction, it is now 1,000 times higher than what would happen naturally384 (normally, about 1-5 species per million go extinct each year385): so difficult have we made life for others we share this planet with, even whales don’t feel like singing any longer.383384385386

At current rates, we might match the total PETM carbon release by 2159- in just 4-5 generations.387 Even during that ancient catastrophe, CO₂ rose 5-27 times slower than today, and the PETM lasted for more than 200,000 years.388389 This also means various species had time to adapt to the new (well, old) normal, which is not to mention the planet took another 200,000 years to recover from it.390 We’re doing in months and years what took millennia.

Had the proposal to call the age Anthropocene been approved, the first age of the Anthropocene would have been called “Crawfordian” after Crawford Lake. This naming reflects the precision with which the 1950 boundary can be identified in geological records (The first atomic bomb test on July 16, 1945, in New Mexico spread radioactive isotopes globally, creating an unambiguous geological marker. Crawford Lake in Ontario, Canada was chosen as the candidate site because its sediments clearly show the spike in plutonium from hydrogen bomb tests starting in the 1950s).367

Perhaps most telling: Future geologists will find a sharp spike in CO₂, methane, and artificial materials in sediments beginning around 1950394395– a Boudica layer marking the human footprint.

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WhatsApp acknowledgement from Donatekart

Hi, several parts of North India are suffering from floods. I’ve attached screenshots as proof that I’ve donated. If anyone reading this feels they are able to, please consider donating to help the victims of these floods.

Worst hit districts according to the news: Gurdaspur, Amritsar, Ferozepur, Pathankot, Kapurthala and Fazilka (all Punjab), and the Yamuna river crossed the danger mark to reach 206.03 metres at 4 pm on Tuesday. Last night and this morning I received messages from the National Disaster Management Authority (NDMA) that several areas of Haryana will be receiving heavy rains again.

Two texts received from the NDMA warning about heavy rains in various areas of Haryana

Even a small donation can mean that someone (human/ animal) can eat a meal, be warm and dry, or just have access to basic medical and sanitation requirements.

I use donatekart for such endeavours. You can choose among the many platforms available.

Thank you for considering this. 🙏🏻