Tuesday, 10 October 2023

What chance for humanity ?

 Is there really a 1 in 6 chance of human extinction this century?

Shutterstock
Steven Stern, Bond University

In 2020, Oxford-based philosopher Toby Ord published a book called The Precipice about the risk of human extinction. He put the chances of “existential catastrophe” for our species during the next century at one in six.

It’s quite a specific number, and an alarming one. The claim drew headlines at the time, and has been influential since – most recently brought up by Australian politician Andrew Leigh in a speech in Melbourne.

It’s hard to disagree with the idea we face troubling prospects over the coming decades, from climate change, nuclear weapons and bio-engineered pathogens (all big issues in my view), to rogue AI and large asteroids (which I would see as less concerning).

But what about that number? Where does it come from? And what does it really mean?

Coin flips and weather forecasts

To answer those questions, we have to answer another first: what is probability?

The most traditional view of probability is called frequentism, and derives its name from its heritage in games of dice and cards. On this view, we know there is a one in six chance a fair die will come up with a three (for example) by observing the frequency of threes in a large number of rolls.

Or consider the more complicated case of weather forecasts. What does it mean when a weatherperson tells us there is a one in six (or 17%) chance of rain tomorrow?

It’s hard to believe the weatherperson means us to imagine a large collection of “tomorrows”, of which some proportion will experience precipitation. Instead, we need to look at a large number of such predictions and see what happened after them.

If the forecaster is good at their job, we should see that when they said “one in six chance of rain tomorrow”, it did in fact rain on the following day one time in every six.

So, traditional probability depends on observations and procedure. To calculate it, we need to have a collection of repeated events on which to base our estimate.

Can we learn from the Moon?

So what does this mean for the probability of human extinction? Well, such an event would be a one-off: after it happened, there would be no room for repeats.

Instead, we might find some parallel events to learn from. Indeed, in Ord’s book, he discusses a number of potential extinction events, some of which can potentially be examined in light of a history.

A photo of the Moon with craters highlighted.
Counting craters on the Moon can gives us clues about the risk of asteroid impacts on Earth. NASA

For example, we can estimate the chances of an extinction-sized asteroid hitting Earth by examining how many such space rocks have hit the Moon over its history. A French scientist named Jean-Marc Salotti did this in 2022, calculating the odds of an extinction-level hit in the next century at around one in 300 million.

Of course, such an estimate is fraught with uncertainty, but it is backed by something approaching an appropriate frequency calculation. Ord, by contrast, estimates the risk of extinction by asteroid at one in a million, though he does note a considerable degree of uncertainty.

A ranking system for outcomes

There is another way to think about probability, called Bayesianism after the English statistician Thomas Bayes. It focuses less on events themselves and more on what we know, expect and believe about them.

In very simple terms, we can say Bayesians see probabilities as a kind of ranking system. In this view, the specific number attached to a probability shouldn’t be taken directly, but rather compared to other probabilities to understand which outcomes are more and less likely.

Ord’s book, for example, contains a table of potential extinction events and his personal estimates of their probability. From a Bayesian perspective, we can view these values as relative ranks. Ord thinks extinction from an asteroid strike (one in a million) is much less likely than extinction from climate change (one in a thousand), and both are far less likely than extinction from what he calls “unaligned artificial intelligence” (one in ten).

The difficulty here is that initial estimates of Bayesian probabilities (often called “priors”) are rather subjective (for instance, I would rank the chance of AI-based extinction much lower). Traditional Bayesian reasoning moves from “priors” to “posteriors” by again incorporating observational evidence of relevant outcomes to “update” probability values.

And once again, outcomes relevant to the probability of human extinction are thin on the ground.

Subjective estimates

There are two ways to think about the accuracy and usefulness of probability calculations: calibration and discrimination.

Calibration is the correctness of the actual values of the probabilities. We can’t determine this without appropriate observational information. Discrimination, on the other hand, simply refers to the relative rankings.

We don’t have a basis to think Ord’s values are properly calibrated. Of course, this is not likely to be his intent. He himself indicates they are mostly designed to give “order of magnitude” indications.

Even so, without any related observational confirmation, most of these estimates simply remain in the subjective domain of prior probabilities.

Not well calibrated – but perhaps still useful

So what are we to make of “one in six”? Experience suggests most people have a less than perfect understanding of probability (as evidenced by, among other things, the ongoing volume of lottery ticket sales). In this environment, if you’re making an argument in public, an estimate of “probability” doesn’t necessarily need to be well calibrated – it just needs to have the right sort of psychological impact.

From this perspective, I’d say “one in six” fits the bill nicely. “One in 100” might feel small enough to ignore, while “one in three” might drive panic or be dismissed as apocalyptic raving.

As a person concerned about the future, I hope risks like climate change and nuclear proliferation get the attention they deserve. But as a data scientist, I hope the careless use of probability gets left by the wayside and is replaced by widespread education on its true meaning and appropriate usage.The Conversation

Steven Stern, Professor of Data Science, Bond University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

Tuesday, 10 January 2023

Up in the cloud - data management in the 21st Century

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Cloud computing is one of the current buzz words in the ICT sector and like agile working (or hot desking) its been sold to the employees, consumers and the general public as the next best thing for flexibility, cost effectiveness and efficency. However in this age of hacking, denial of service attacks and related data risk issues, is it really more spin than substance ?  What exactly is the 'cloud' ?

In simple terms, the definition of cloud computing is using a network of remote servers accessed via the internet to store, manage and process data rather than a local server or a personal computer. The advantages of cloud computing are promoted as being: no capital outlay compared to a business having to buy its own hardware; fewer IT specialists are needed to maintain and secure systems; and on-demand access to scalable computing resources suitable for any form or size of organisation. The principal disadvantage is less direct control over the computing infrastructure that runs systems and a reliance on a third party provider whom may be located in a different continent. 

There is also a criticism that cloud systems are encouraging much more energy intense activity given there is less reliance on local organisational computing and data storage capacity. To counter this impact, the use of green energy and carbon neutral programs are being used by some large cloud providers. Unfortunately much of the carbon neutral programs are little more than purchasing renewable energy certificates rather than taking direct action to reduce energy emissions.

Cloud services are delivered in three forms -
  • system infrastructure as a service: being the processing power and data storage capability, 
  • host and deploy applications for businesses: known as 'platform as a service',
  • centrally hosted and managed software for businesses.
Cloud services can be accessed in different modes such as a public cloud (where computing services are delivered over the public internet to various companies and users). This model operates on the basis that multiple companies shared pooled resources through a group of servers although the data of each individual company is kept hidden from other users. Another model is the private cloud where there are dedicated computing resources to a single organisation over the public internet or a high speed link. While an organisation would have greater control over a private cloud, there would be higher costs for this control and security.

Major 'cloud' outages have occured in 2022 including incidents involving Google, Microsoft and Oracle and while the outages are considered to take a longer time to resolve, the impact is often described as being less severe than when a company has an internal IT failure. 

Technology research firm, Garnter, has forecast that "..worldwide end-user spending on public cloud services if forecast to grow 20.7 percent to a total of $591.8 billion in 2023 this being a clear increase from $490.3 billion in 2022".

The move to improve costs, efficiency and service quality through the "cloud" may yet prove to be a very high price when considering the loss of independence and sustainability.

Saturday, 31 December 2022

Climate change - the value of tropical forests in controlling temperature

Tropical forest - Shutterstock
Most research and published articles on forests and global warming focus on the capacity for carbon sequestration as well as current retained levels of carbon within the forests. This is particularly relevant when considering the climate effects that occur when forest cover, structure and composition change as a result of deforestation. However there are more factors to consider with the role of tropical forests than just carbon sequestration.

Scientists from the University of Virginia, USA, the Woodrell Climate Research Centre, USA and the International Centre for Tropical Agriculture, Colombia have published compelling research this year on the role of tropical forests in regulating temperature, environment and removal of CO2 emissions. Forests are responsible for much of the carbon removal together with terrestrial ecosystems which amount in total to 29 % of annual carbon emissions. As the researchers have commented "the biophysical effects of forest cover can contribute significantly to solving local adaptation challenges, such as extreme heat and flooding, at any latitude. The carbon benefits of forests at any latitude contribute meaningfully to global climate mitigation".

Key aspects of the report have found -
  • forests contain over 800 PgC (petagrams of carbon) almost as much as currently stored in the atmosphere,
  • tropical forests have one of the fastest carbon sequestration rates per unit land area,
  • forests impact on climate directly through controls on three main biophysical mechanisms: albedo (the fraction of light that a surface reflects), evapotranspiration (ET) and canopy roughness, 
  • in the tropics, where ET and roughness are dominant biophysical drivers, forests cool the lower atmosphere and provide water vapour to support cloud formation,
  • forests partition incoming solar radiation between latent heat and sensible heat: "Deep roots and high leaf area make forests very efficient at moving water from the land surface to the atmosphere via ET, producing latent heat. Thus beneath the forest canopy, the sensible heat flux and associated surface temperature are relatively low especiually the gorwing season when ET is high",
  • the role of forests in maintaining critical habitat for biodiversity is well known but there is now new research on extinction that "confirms the role of forests in maintaining critical climates to support biodiversity. Changes in maximum temperature are driving extinction not changes in average temperature",
  • forests minimise risks due to drought associated with heat extremes. "A combination of deep roots, high water use efficiency and high surface roughness allow trees to continue transpiring during drought conditions and thus to dissipate heat and convey moisture to the atmosphere'
The full research article can be accessed at this link: Deforestation: biophysical effects on climate

Thursday, 29 December 2022

After the pandemic working from home remains the new norm

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Over the past two years, employers and business groups have, by necessity of the SARS-CoV-2 pandemic, needed to adjust  their work models to incorporate a new hybrid of on-worksite attendance by employees and working-from-home. As part of the process, numerous surveys have been conducted by employers and management consultancies as to what the future may look like. One of these research projects by PriceWaterhouse Coopers found the preferences of the Australian workforce to be distributed thus -
  • 16 % a wholly virtual workplace
  • 25 % mostly virtual work with some face-to-face
  • 35 % a mix of face-to-face and virtual work
  • 10 % a traditional face-to-face work environment
  • 14 % mostly face-to-face with some remote working 
What is clear from research into the new world of work and employment is that the proverbial genie is out of the bottle with the benefits of working from home now becoming crystal clear for much of the workforce. Simply returning to the office full-time is no longer sufficient for employees and working flexibly is the order of the day.

ASX listed companies Annual General Meetings - first strikes continued in 2022

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The Australian Corporations Act 2001 was amended in 2011 to strengthen the accountability and transparency of Australia’s executive remuneration framework and enable shareholders to have more power over the pay of company directors and executives by establishing the ‘two strikes’ rule. The rule means that boards face being spilled if they suffer shareholder votes of more than 25 % against their executive pay proposals at two consecutive company annual general meetings.

The ‘first strike’ occurs where a company’s remuneration report receives a ‘no’ vote of 25% at its AGM (the first AGM). Where this occurs, the company’s remuneration report put to the next year’s AGM must include an explanation of the board’s proposed action in response to the ‘no’ vote or an explanation of why no action has been taken.

The ‘second strike’ occurs where the company’s remuneration report for the next year’s AGM then receives a ‘no’ vote of 25 per cent or more. 

In that case, shareholders will vote at that AGM to determine whether the directors will need to stand for re-election. If this spill resolution passes with a majority of eligible votes cast, then a ‘spill’ meeting will take place within 90 days. A company will still need to provide the minimum notice period for holding a meeting, as required by the Corporations Act. A company will also need to comply with any minimum notice period set out in its constitution for the nomination of candidates for the board. This will ensure that shareholder nominated candidates can seek endorsement at the ‘spill’ meeting.

In 2022, a number of prominent Australian companies distinguished themselves with first 'strike' votes against their remuneration reports as listed below. The reasons for the negative votes were various but essentially involved remuneration being sought which was out-of proportion to the performance of the company. For example, the Board of AGL had presided over a disasterous proposed company restructure that demolished shareholder value and which ultimately had to be abandoned.


Company name

Strike vote %

Santos

25.32%

Cleanaway

25.49%

Goodman Group

28.91%

The Star Entertainment Group

30.11%

Australian Stock Exchange (ASX)

30.52%

Link Administration Services

30.66%

AGL Energy

30.69%

Newcrest Mining

36.40%

GUD Holdings Ltd

41.10%

Blackmores

43.35%


In 2023, hopefully companies will ensure their remuneration does not exceed their performance.

Wednesday, 28 December 2022

New year 2023

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The new year beckons. 2023 will no doubt follow a similar pathway to the very difficult sequence of recent years since COVID-19 first appeared thereafter being followed by a serious military conflict in Europe. The resultant compounding impact on world economies has led to central banks in established economies warning of a strong likelihood of a world-wide recession in 2023. The year ahead promises to provide a serious challenge for people across the world as summarised below -
  • The global economy continues to contract with the International Monetary Fund (IMF) in October 2022 reducing its global growth forecast from 2023 to 2.7%, compared to a 2.9% forecast in July, amid combined pressures from the war in Ukraine, high energy and food prices, inflation and sharply higher interest rates. The IMF has warned that conditions could worsen significantly during 2023. Most of the professional investment firms and funds agree and have continued to hold large cash reserves.
  • The Russian - Ukrainian war, initiated by the Russian president, Vladimir Putin commenced on 24 February 2022 and has now continued for over 10 months with no resolution in sight. The Ukrainian government and the country's armed forces have held their ground with Western military assistance and continue to do so. The impact of this conflict has been felt across the world and far beyond Europe's borders.
  • COVID-19 continues to pose a threat despite the development of capable vaccines including new generation mRNA ones. The sudden opening-up of China in December 2022 after a high level of restrictions through the country, coupled with low vaccination rates and poorly performing locally produced vaccines has seen staggering infection rates in that country. The risk of new variants arising in China being a key concern of the World Health Organisation. China has now ceased publishing data on infection rates.
         The WHO COVID dashboard can be accessed at this link: WHO - COVID 19 dashboard
  • Climate change and global warming will remain in the centre of critical issues to combat as extreme weather events remain a threat world-wide. 2023 will be no different.
Despite these challenges, may 2023 be a year of success and health for you.

Saturday, 17 December 2022

COP27 - achievements were lacking despite declared intentions

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COP27 has come and gone but what were the results from this latest Conference of the Parties of the UN Framework Convention on Climate Change ? Sadly it appears concrete steps and progress once again were lacking. The overall verdict is that governments have failed to gain traction in speed, scale and sustainability to prevent significant climate change from occuring.

COP27 is notable for finally recognising that compensation and funding is needed for vulnerable developing countries with the creation of a loss and damage fund. Around $100B per annum is needed for this fund however how this will be achieved is also unclear. The fund is largely an undefined responsibility with key nations such as China declining to contribute.

Of considerable concern from the latest COP is that countries have failed to adopt adequate mitigation and adpatation policies. There was no sign at COP27 of the actual practical agreed steps to reduce greenhouse gas emissions and support adaptation needs.

In a research note, international consultancy firm Deloittes, noted for Australia "...commentators quickly pointed out that despite a new commitment to slash emissions, we remain one of the world's top exporters of coal and gas and have not committed to ending new projects or providing a clear plan to halt fossil fuel subsidies. COP31 will certainly be a test for Australia".