
Wood omens: What will the forests of the future look like?
Some trees are quietly preparing for the climate crisis, with a little human help.
They are doing this by leveraging networks with fungi and bacteria; they are entering into standoffs with certain kinds of microbes. Results are mixed but, in some cases, promising.
In experiments underway around the world, trees are essentially being introduced to atmospheric conditions that are expected to prevail by 2050.
After that point, researchers admit, the Amazon rainforest could be on its way to becoming a savannah or arid grassland. If that happens, it is hard to say what might become of the world's trees (or humans and other life forms). Alternately, we may have mended our ways and be on our way to mending our world by then. So the current experiments are conducted in a spirit of scientific inquiry, readiness, and hope.
Here's how they are going.
Old oak trees: The UK
In a quiet forest on the outskirts of Birmingham is a patch of 180-year-old oak trees that have been transported to the future.
Across six experimental plots, eight-storey-high pipes supported by metal towers release air infused with carbon-dioxide above the canopy, elevating local concentrations of CO2 by 40%, to match the levels this region is expected to contain by 2050.
'Traditionally, it's been thought that trees cannot adjust to changing atmospheric composition because they are 'stuck in their ways' and 'locked into' a closed cycling of nutrients with the soil,' says Robert MacKenzie, an atmospheric scientist and director of the Birmingham University Institute of Forest Research (BIFoR), which is conducting the experiment.
Over the course of seven years, the researchers have found that, in this instance, this simply isn't true. The trees have responded to higher CO2 levels by raising their carbon-dioxide uptake by 20%, and logging a 10% increase in annual woody growth. This growth of trunk, root and branch helps them sequester more of the carbon in the air.
In a surprise discovery, BIFoR researchers also found that microbes in the bark could absorb significant quantities of methane, a climate benefit of trees not previously known (and a discovery that made global news last July).
The secret of the forest response appears to be a partnership with soil organisms such as fungi and bacteria, which absorb some of the pollutants and return nutrients to the trees, in exchange for the sugars and other food they cannot make themselves.
In an additional benefit, it turned out that the trees bounced back better after a heat wave. The high carbon levels and water-use efficiency helped them resume full-scale photosynthesis faster than a control group of untouched oaks nearby.
In Australia, researchers at the University of Western Sydney have been conducting Eucalyptus Free Air Carbon-Dioxide Enrichment or EucFACE trials since 2012.
This 'lab' consists of 160 million hectares of eucalyptus-dominated forest in the Cumberland Plain. The mission is to try to predict the effects of rising atmospheric CO2 levels on such an ecosystem.
The results have not been heartening, so far.
For one thing, elevated CO2 levels caused a significant decline in the populations of arthropods such as spiders and insects, which serve a crucial pest-control and nutrient-cycling function for these trees.
Adding to the crisis, in the nutrient-thin soil of this region, the eucalyptus trees' symbiotic relationship with microbes appeared to collapse.
Despite the trees' desperate pleas for phosphorus — in the form of more and more carbon released into the soil to feed the microbes — the microbes withheld the crucial nutrient for their own use, 'leaving Eucalyptus trees with limited nutrition,' Kristine Crous, a senior lecturer at Western Sydney University, said in a statement.
This is important information because current climate models account for a boost in forest growth globally to help mitigate climate change. As MacKenzie of BIFoR puts it too, for any climate model to be even reasonably accurate, researchers will need a clearer idea of the role trees can be expected to play.
Lessons learnt in the Amazon: Brazil
AmazonFACE in Brazil began in 2022.
This rainforest is nearing its tipping point, by some estimates (it has passed that point, by others). This means it either cannot, or soon won't be able to, regenerate fast enough to retain its character as a rainforest.
The factors that have tipped it over include, of course, widespread deforestation, mining activity, the pollution of its land, air and rivers, and global warming.
It is estimated that, by 2050, this massive lung of the planet, spread across 6.7 million sq km (making it more than twice the size of India) will have begun its transition to the arid grasslands of a savannah.
The 10-year AmazonFACE project, funded by research agencies in Brazil and the UK and coordinated by the government of Brazil's National Institute of Amazonian Research (INPA) and the University of Campinas, is the first such experiment in a tropical forest. It covers more than 400 tree species.
It is fundamentally an attempt to better understand this forest before it is lost.
Flourishing pines: USA
Some of the earliest pollution-adaptation studies in the world were conducted in the US.
In 1996, a Free Air Carbon-Dioxide Enrichment or FACE test was conducted on a set of 3,700 pine trees in the 7,000-acre Duke Forest, owned and managed by Duke University (whose main campus is spread across 9,000 acres). The young trees responded to increased atmospheric CO2 by absorbing more of it.
Only large-field manipulation experiments, however, can monitor the impact of increased carbon-dioxide on the ecosystem as a system, including soil composition and insect populations, says MacKenzie of BIFoR.
It takes many years to see the effect averaged over different growing seasons as it gets hotter, drier, cooler and wetter, at different times of year. 'Ideally, this kind of study should have started, around the world, decades ago,' MacKenzie says.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
Bullish prices IPO at $37 per share, valuing crypto exchange above $5 billion ahead of market debut
Cryptocurrency exchange operator Bullish (BLSH) is set to go public Wednesday at a valuation north of $5 billion as the IPO market looks set to continue a strong summer. The company, which operates a crypto exchange and owns the prominent trade publication CoinDesk, said Tuesday that it had priced its IPO at $37 per share, above the $32-$33 range the company had expected in its second shot at making a public market debut. Bullish first attempted to go public via a SPAC merger in 2021 that would have valued the company at $9 billion, but the deal fell through after regulatory scrutiny and Bullish withdrew its registration. This is the company's second range increase for its latest offering, with the previous $32-$33 per share estimate raised from an earlier range of $28-$31 per share. At 30 million shares offered, the IPO price will see Bullish raise $1.1 billion and value the fintech company at $5.41 billion. The company will be looking to ride the outsized success of recent go-publics like Figma (FIG) and Circle (CRCL) and serve as the latest sign the IPO window remains wide open after a few challenging years for investors. Through Wednesday, 2025 has so far seen 133 IPOs come to market worth more than $50 million, up more than 58% from the same time last year, according to IPO tracker and ETF operator Renaissance Capital. Ahead of its IPO, Bullish has already garnered major institutional interest, with asset management giant BlackRock and Cathie Wood's investment firm fund Ark Invest have expressed interest in purchasing up to $200 million worth of shares in the offering, according to securities filings. "We now intend to IPO because we believe that the digital assets industry is beginning its next leg of growth," said Bullish CEO Thomas Farley, previously COO and president of the NYSE Group, in a letter to investors about Bullish's offering. "I believe that the digital assets industry is at the inflection point of institutional adoption and Bullish is uniquely positioned at the center of this market. The compliant, institutional- focused market infrastructure model is time-tested and works, and Bullish is proud to be the one bringing this proven framework to the crypto landscape." Bullish's main business comes from its Bullish Exchange, a digital assets spot and derivative exchange geared toward institutional-sized clients. The operator processed an average $2.6 billion in daily volume through Q1, according to the company's prospectus. Bullish is also riding the coattails of this year's hot streak of fintech IPOs. When USDC stablecoin manager Circle Internet Group went public in June, its shares soared by 168% in their first day of trading. And while the price has come down, the stock is still up more than 130% since inception. Design software maker Figma popped even higher in its end-of-July offering, rocketing upward by more than 250% in its first day, though its price has now come back to earth, up a little more than 2% since inception. AI infrastructure provider CoreWeave (CRWV) is up more than 280% since its March debut, while digital assets and blockchain services firm Galaxy Digital (GLXY) is up more than 18% since its own May offering. Bullish is also riding a rally in major cryptocurrencies this year. Bitcoin (BTC-USD) is up more than 28% since the beginning of the year, and ETH (ETH-USD) is up more than 40%. Ripple's XRP (XRP-USD) is up more than 57%. The public offering comes as the latest sign that Wall Street's prediction for a lethargic IPO market in 2025 was off the money. Jake Conley is a breaking news reporter covering US equities for Yahoo Finance. Follow him on X at @byjakeconley or email him at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 minutes ago
- Yahoo
Here's Why Upslope Capital Management Reinitiated a Position in Evercore (EVR)
Upslope Capital Management, an investment management company, released its second-quarter investor letter. A copy of the letter can be downloaded here. The second quarter proved to be strong for the fund on both an absolute and relative basis due to strong performance backed by the market turbulence surrounding April's Tariff announcement. The fund returned +8.9% (net) in Q2 compared to +6.5% and +4.1% for the S&P Midcap 400 ETF (MDY) and HFRX Equity Hedge Index, respectively. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its second-quarter 2025 investor letter, Upslope Capital Management highlighted stocks such as Evercore Inc. (NYSE:EVR). Headquartered in New York, New York, Evercore Inc. (NYSE:EVR) is an investment banking company. The one-month return of Evercore Inc. (NYSE:EVR) was 4.77%, and its shares gained 29.92% of their value over the last 52 weeks. On August 12, 2025, Evercore Inc. (NYSE:EVR) stock closed at $307.88 per share, with a market capitalization of $11.884 billion. Upslope Capital Management stated the following regarding Evercore Inc. (NYSE:EVR) in its second quarter 2025 investor letter: "FTI Consulting (FCN) and Evercore Inc. (NYSE:EVR) – New Longs: Upslope has owned FTI Consulting (leader in restructuring and dispute advisory) and Evercore (top independent M&A advisor) in the past. The Fund recently re-initiated positions in each of these companies. While they are bets on polar opposite outcomes (Evercore is very pro-cyclical, while FTI is the most counter cyclical publicly traded company I follow), expectations for each appear modest. This was and remains especially true of FTI – although it's more understandable as the company is going through some turmoil (employee turnover/retention challenges) in one of its non-core segments. Nonetheless, the unique macro environment – on/off trade war, the very pro-cyclical 'One Big Beautiful Bill,' lingering inflation, massive regulatory and technological (e.g. AI) uncertainty and change – should ultimately provide significant opportunities for both businesses ahead." A close-up of a professional in a suit discussing financial transactions. Evercore Inc. (NYSE:EVR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 50 hedge fund portfolios held Evercore Inc. (NYSE:EVR) at the end of the first quarter, which was 44 in the previous quarter. Evercore Inc. (NYSE:EVR) reported adjusted net revenues of $834 million in Q2 2025 increased 21% from Q2 2024. While we acknowledge the potential of Evercore Inc. (NYSE:EVR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Evercore Inc. (NYSE:EVR) and shared the list of the best dividend stocks. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 minutes ago
- Yahoo
Here's What Justified Alibaba's (BABA) Appreciation Over Time
JDP Capital Management, an investment management company, released its 'Survivor & Thriver Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The beginning of 2025 marked one of the most challenging starts to a market year since the COVID outbreak. Following a decline of more than 20% in March and early April, the S&P 500 demonstrated one of the quickest V-shaped recoveries ever, regaining all of its losses by June. In this environment, the fund was up 19.2% in 2Q and 16.8% in the first half of 2005, outperforming the S&P 500's 10.6% gain in 2Q and 6.2% gain in the first half, including dividends. For more information on the fund's best picks in 2025, please check its top five holdings. In its second-quarter 2025 investor letter, JDP Capital Management highlighted stocks such as Alibaba Group Holding Limited (NYSE:BABA). Alibaba Group Holding Limited (NYSE:BABA) provides technology infrastructure and marketing reach. The one-month return of Alibaba Group Holding Limited (NYSE:BABA) was 5.78%, and its shares gained 54.05% of their value over the last 52 weeks. On August 12, 2025, Alibaba Group Holding Limited (NYSE:BABA) stock closed at $122.42 per share, with a market capitalization of $291.891 billion. JDP Capital Management stated the following regarding Alibaba Group Holding Limited (NYSE:BABA) in its second quarter 2025 investor letter: "Beyond near-term earnings, large Chinese tech companies often hold substantial stakes in other leading tech companies that they once funded. Alibaba Group Holding Limited (NYSE:BABA), for instance, trades at a ~$270 billion market cap but holds ~$85 billion in equity investments on its balance sheet. This includes a 33% stake in Ant Group, regarded as China's dominant fintech platform and often compared to a combination of Amazon, Visa, and PayPal. If Ant were to IPO at the roughly $200+ billion estimated valuation, Alibaba's stake would be worth ~$60 billion, or about 25% of its current market capitalization. While Alibaba's core e-commerce growth is under pressure, the balance sheet holdings are attractive enough to help justify a doubling of BABA over a reasonable period of time." An e-commerce platform displaying a wide range of products to customers online. Alibaba Group Holding Limited (NYSE:BABA) is in 17th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 125 hedge fund portfolios held Alibaba Group Holding Limited (NYSE:BABA) at the end of the first quarter, which was 107 in the previous quarter. While we acknowledge the potential of Alibaba Group Holding Limited (NYSE:BABA) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Alibaba Group Holding Limited (NYSE:BABA) and shared the list of most profitable NYSE stocks to buy. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data