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Climate Change Contrarians Lose Big Betting Against Global Warming (theguardian.com)
Layzej writes: Two members of the Global Warming Policy Foundation academic advisory board have each lost [roughly $1,320 (1,000 British Pound)] betting that 2015 would not be warmer than 2008. The Guardian reports: "Between 2008 and 2015 there would be more than 0.1C of human-caused global warming, so for 2015 to be cooler would have required a huge La Nina event, or big volcanic eruption, or perhaps the contrarians were banking on human-caused global warming being wrong. Whatever their reasoning, it was a foolish bet to make. 2015 was a record-breaking hot year, about 0.32C hotter than 2008. It wasn't even close." The winner of the bet, economist Chris Hope, also discussed the possibility of implementing climate betting markets, and noted: "they could offer a financial incentive for people who disagree about the likelihood of climate change to carefully assess the risks, instead of just shouting their disagreement across the void. If we do nothing, all the signs are that dangerous climate change is one of the safest bets around."
An el nino (not caused by humans) occurred that year and we are just now coming out of it.
http://www.politico.com/story/...
"It's such a fine line between stupid and clever" -- David St. Hubbins, Spinal Tap
... the comment section on this article will be filed with trolls and political shills from the left and right.
Just this once, can't we have a large-scale scientific issue characterized by science and fixed by engineers?
Actually - those regions are mostly using renewables already and expanding their use far faster than the US is - I live in Africa.
Not least because it's cheaper when you're adding new capacity (which is what they mostly do).
Electricity is compared using something called Levelized Cost Per KW/H - which is a price worked out for the supply source, that includes the cost of construction to recoup, fuel and maintenance costs etc. etc.
There was such a comparison done in South Africa just this week - here are the numbers:
New nuclear: best case scenario R1.30 per kw/h, more realistic number (using the fuel and maintenance costs of existing nuclear supplies and not assuming new nuclear will be cheaper) R1.50
New coal: between R1.05 and R1.19 depending on the capacity of the generator.
Solar: R0.87
Wind: R0.52
Notice how the cost for wind is roughly 1/3rd the realistic rate for nuclear, and less than half the best rate for coal ? So building coal and nuclear is fundamentally stupid and happens exclusively where massive corruption is involved.
It's arguable how well renewables compare with fossil fuels in established markets like the USA where lots of long-paid-off fossil fuel capacity exist, but it's no contest in emerging markets where new electricity generators have to be built and the construction costs factored into the retail price.
And that's without even considering time as a major factor. The earliest timeline for bringing new nuclear online is 15 years, new coal is between 7 and 10 years. A new solar plant of comparable output can be done in 2.
There is very little nuclear and coal construction happening in the developing world today and what little there is, is almost entirely driven by corruption. Literally big plant building companies bribing government ministers to build expensive plants rather than cheap ones. One of the worst culprits being the company that owned Chernobyl.
Either way - the risks that climate change presents to Africans (crop losses, starvation, plagues, droughts, floods) are also factors here. The harm from climate change will overwhelmingly hit poor countries far harder than rich ones -despite poor countries overwhelmingly being the least responsible for it.
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