All Measures to Combat Global Warming Are Smoke and Mirrors!
Politics / Climate Change Apr 18, 2024 - 10:50 PM GMTBy: Nadeem_Walayat
In practical terms, humanity collectively has done absolutely NOTHING to cut back on carbon emissions so it's no wonder that that rate of increase in co2 in the atmosphere remains on an exponential trend trajectory. Back in 1999 the suits were aiming to cap co2 at 400 parts per million, today it is now over 425 ppm. in 25 years time it will probably be approaching 500ppm as in reality nothing will be done given that people want to have better lives, they want to eat meat every day not once a month or even once a year as used to be the case in centuries past. So we are a long way from even stabilising the system let alone reversing damage that is being done, look at the graph, what has been done since 2000 to prevent climate change? The answer is NOTHING! Instead the exact opposite has transpired!
Here's what the co2 means in terms of the past 1 million years as sourced from ice core samples. We are on a rocket ship to probably a worse fate then a mass extinction!
. (Credit: Luthi, D., et al.. 2008; Etheridge, D.M., et al. 2010; Vostok ice core data/J.R. Petit et al.; NOAA Mauna Loa CO2 record.)
So how does this translate into rising temps?
One would imagine Co2 sharply higher = Higher temps, yes that is partially true BUT as I alluded to earlier it co2 acts as a tipping point mechanism that encourages other mechanisms such as when a market breaks to a new all time high you get more market participants jumping on board the gravy train to drive prices even higher, eventually sending them parabolic, similar is happening with global warming as temperatures rise other mechanisms kick in to accelerate rising temperatures in a feedback loop i.e. warmer air results in more moisture in the air which acts as a green house gas accelerating the rise in temperature, and less ice at the poles means more of the suns energy gets absorbed and thus the hotter the planet gets resulting in LESS ice coverage and so on....
Focusing on co2 is a bit like everyone focusing on the recession is coming and then being puzzled for the past 2 years why we have been in a raging stocks bull market, as co2 is a signaler for other mechanisms to kick in such as methane release and increased water vapour. and less ice at the poles..... Anyway this is how the co2 signaler translates into the rise in the average global surface temperatures by way of triggering a multitude of warming accelerant's . Back in 2000 the mantra was for a 1.5c rise by the end of this century! Well we will likely pass that before the end of this decade! Co2 is a signaler, a CI18 CRASH Warning indicator that folks should take notice off, instead climate deniers run off on a tangent and thus like perma bears end up missing whole BULL MARKETS! Dudes and Dudesses the WORLD's AVERAGE TEMPERATURE IS RISING! 2023 was the hottest year on record by a record margin i.e. the rise in temps is ACCELERATING! If the temp was falling then yes the climate deniers would have a point, But I see all I need to see to confirm the trend trajectory we are on and if we get deviations over the coming years then fine i will incorporate new data into my analysis, but to stick ones head in the sand and pretend that temperatures are not rising is not going to allow one to capitalise on the mega-trend in progress.
I'm no Johnny come lately to the global warming mega-trend, I've been writing about the climate change catastrophe for near TWENTY YEARS! as illustrated by my Jan 2010 Inflation Mega-trend Ebook (FREE DOWNLOAD) and in the time since all I have seen is an ACCELERATION in the TREND!
WE ARE ON A PARABOLIC CURVE THAT BREAKS ALL OF THE MODELS! Just as happens with market bubbles that run far beyond what all of the models said would happen, X2, X4, X10! So it will be with global warming, these airy fairy academics and their models are BS just as all those fools who cling onto deflation and the crash is always coming crowd in the face of RAMPANT INFLATION!
THE GLOBAL WARMING CLIMATE CHANGE MEGA-TREND IS THE INFLATION MEGA-TREND!
That gives you a taste of what's to come!
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By Nadeem Walayat
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Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.
Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk
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