business news in context, analysis with attitude

From the Washington Post:

"The prospect of hotter summers, warmer winters, drought and violent weather events have caused experts to warn of coming wine shortages and price increases, changing varietal character and, in some dire predictions, the extinction of some wines altogether.

"Maybe there’s a fix, says a research paper in the journal Proceedings of the National Academy of Sciences.

"The scientists’ computer models show that if we do nothing, global warming of 2 degrees Celsius would wipe out 56 percent of current wine-growing land; increase that to 4 degrees and an estimated 85 percent of grapes won’t be viable.

"This team of researchers investigated whether using more heat-tolerant grapes would allow vineyards to adapt. They found that by reshuffling where certain grape varieties are grown, potential losses at 2 degrees of warming could be halved, and cut by a third if warming reached 4 degrees."

The study says that if global warming proceeds as scientists expect, the wine industries likely to be most impacted will be "in Spain, Italy and parts of California that are already quite warm. But there are winners in warming scenarios: In Germany, northern Europe and the Pacific Northwest of the United States, where in some years they struggle to get enough sun hours to facilitate budding, fruit set and ripening, a warming trend might produce dramatically better wines."
KC's View:
The one thing you cannot do is close your eyes to this stuff.

Last week, we had a story about a fellow in Patagonia who was planing grapes in an inhospitable environment, gambling that it will pay off in about 50 years.

Here's what I do know: Doing nothing is not an option.