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Earth The Almighty Buck Science Technology

Climate Change Contrarians Lose Big Betting Against Global Warming (theguardian.com) 303

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."
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Climate Change Contrarians Lose Big Betting Against Global Warming

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  • 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.

    I'd be willing to bet that some rich conservative financed their bet, so that they didn't lose any money.

    • by Sique ( 173459 )
      But the rich conservative lost.
  • by SvnLyrBrto ( 62138 ) on Tuesday August 02, 2016 @01:25AM (#52626443)

    Remember, the republicans chose as their presidential nominee a man who claims that global warming is a hoax perpetuated by China to weaken our economy. These people have their heads so far up the rectums of the fossil fuel industry that they blather on about a "war on coal" and jumped Hillary's case when she talked about shutting down coal plants... not even for renewables, but for other fossil fuels (natural gas) that burn cleaner. They're so damned convinced that there are no repercussions to burning fossil fuels and dumping carbon into the atmosphere, so totally self-assured that there is no such thing as climate change, that even replacing the worst and dirtiest fossil fuel of them all with another fossil fuel is a matter of psychotic controversy for them. (Hell. If there's NOT a "war on coal", then there damn well should be!)

    And when one of their own [facebook.com] had the temerity to point out that even if you're 100% confident in your belief that the global climate has absolutely not changed, is not changing, and never will change, fossil fuels will still eventually run out, and that stubbornly clinging to them is like being "last horse and buggy salesman who was holding out as cars took over the roads" or "the last investor in Blockbuster as Netflix emerged"... when Arnold Schwarzenegger broke it down into pure, cold-blooded, capitalism snd pointed out that there is a lot of money to be made and a lot of jobs to be had in renewables and they've been great for California's economy (Now having nudged out France to become the 6th largest in the world... they branded him a traitor and have all but totally disavowed him.

    The climate change deniers and fossil fuel fanboys are not rational actors, and they're not acting in good faith. Sadly, I think the only real thing to do is to wait for them to be demographiced out. And we'll just have to hope that, once their successors have taken power and cast them aside, it's not too late to repair the damage going forward from there.

    • by dunkelfalke ( 91624 ) on Tuesday August 02, 2016 @02:45AM (#52626625)
      • Trump is certainly a clever bastard, gotta give him that. Just like he knows how to play the "donate-to-politicians-to-get-policy-considerations" game in the US, he also knows if he wants to build a sea wall, it's helpful to mention "because climate change!" in his application, because the bureaucrats will eat that stuff up.

        Approved!

    • You have a very simplistic view of anyone critical of mainstream climate change attitudes. If there's a common attribute to the critics I think it would be anti-alarmism. For the rest I see all kinds of opinions, and indeed a lot of kneejerk skepticism of people who lose sight of the core issues and feel vindicated by every small error in the mainstream research. Still, critics who believe that the climate isn't warming up at all are probably a minority if you visit sites like http://wattsupwiththat.com/ [wattsupwiththat.com] .
      I

      • The run out of oil issue has already been debunked -- there is, of course, a limited amount, but "suddenly running out and prices skyrocket!" is the debunked fraud.

        As prices rise, markets create substitutes -- in this case, enlarge the supply, other fuels, other technologies, lighter vehicles, and most importantly, stuff nobody thought of before.

        This process, counter-intuitively, stays ahead of the curve of trouble brewing, and prices and quality and length of life continue to advance when graphed. There m

    • The man doesn't speak for *many* who traditionally aligned themselves as "Republican". (That's why you have the party imploding, and why it already split with the "Tea Party Republicans".)

      Whether or not Trump gets elected to office, I think the party is pretty much done for. The only way it's getting salvaged is if a lot of the people who got disgusted with it and walked away, combined with the more "Centrist" or Libertarian members get together and revamp it.

      When you talk to many of THOSE Republicans, they

  • by Thanshin ( 1188877 ) on Tuesday August 02, 2016 @01:26AM (#52626445)

    Create legal betting markets so that the ignorant can lose their money in a new way!

    One more reason to keep the population stupid, scared and angry. As if there weren't enough already.

  • by bloodhawk ( 813939 ) on Tuesday August 02, 2016 @01:31AM (#52626469)
    Should be pointed out the winner of the bet also betted against it getting warmer. Even he was not confident enough in his own statements that he hedged his bets
    • by Sique ( 173459 )
      But he had hedged the bet against a 4:1, not 1:1. Thus he was 75% confident in his bet. Instead of 2000 pound, he got 1333 pound, as he lost 667 pound in his hedging bet.
      • No he was basically acting like little more than a bookmaker. It is a smart move no doubt, but he wasn't even confident enough to let the bet stand then it is pretty tough to call the two that lost a 1000 pounds each stupid for making their bets (except of course they should have gotten better odds)
  • Good thing they didn't have to prove that humans caused that warming.
  • The foolishness of the bet comes not really from any climate-change denial nonesense, but just from random chance. Betting that any given year will be hotter or colder than any other given particular year is stupid, there's too much chance for something else to go wrong (from whatever your perspective). A better bet, if you're really looking to test the climate change bit, would have been something like "The 10 year period starting in January 2008 will be, on average, warmer than the 10 year period starti
  • by NetNed ( 955141 )
    Did they miss this [drroyspencer.com]? Might want to ask for their cash back if there was ever any real cash and this isn't just some story to get climate change in the news.
    • You linked to the wrong page, that page is just a series of pictures of a lake from space for part of December 2013 through April 2014. That obviously has nothing to do with global average temperatures in either 2008 or 2015. That site has a post from this month [drroyspencer.com] that you can use to compare the averages in 2008 with 2015.

  • DATA INACCURACIES (Score:3, Insightful)

    by PortHaven ( 242123 ) on Tuesday August 02, 2016 @09:05AM (#52628051) Homepage

    2015 was the year that proved to me that the data isn't accurate. We had one of the coldest springs I could remember. And I joked to my friends, no worries, it'll be claimed that it was the hottest on record. My friends laughed dismissively as we knew it was well below normal temperatures with the exception of a warm February.

    Lo and behold, it was announced that 2015 was one of the hottest springs on record for the U.S. Now being the good student of the scientific method, I figured regional vs global here. Clearly, our region was well below normal temperatures. But I wagered the Southwest and pacific coast must have been warmer, and perhaps the south as well. But mid-atlantic to New England was clearly much colder than normal.

    So I look at the data maps. And yes, there was a big hot blotch out westward. Just as I suspected. But then, they had my entire region in moderate red for elevated warmth. At this point, I am calling BS. Because we were well below normal temperatures for spring. In fact, I lost a crap ton of fruit crops due to extremely late and continual frosts.

    So ya...I call BS on the data. It's not calibrated right.

    • Re: (Score:2, Flamebait)

      by NetNed ( 955141 )
      Calibration doesn't matter when historical temps are "adjusted" for "accuracy"

Keep up the good work! But please don't ask me to help.

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