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	<title>Timberati &#187; anthropogenic global warming</title>
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	<description>Reasonably green thoughts</description>
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		<title>Green Games</title>
		<link>http://normbenson.com/timberati/2012/05/22/green-games/</link>
		<comments>http://normbenson.com/timberati/2012/05/22/green-games/#comments</comments>
		<pubDate>Tue, 22 May 2012 14:06:00 +0000</pubDate>
		<dc:creator>Timberati</dc:creator>
				<category><![CDATA[environment]]></category>
		<category><![CDATA[AGW]]></category>
		<category><![CDATA[anthropogenic global warming]]></category>
		<category><![CDATA[Climate Change]]></category>
		<category><![CDATA[Gaia]]></category>
		<category><![CDATA[Gaia Hypothesis]]></category>
		<category><![CDATA[global warming]]></category>
		<category><![CDATA[Green Chain]]></category>
		<category><![CDATA[James Lovelock]]></category>
		<category><![CDATA[John Maynard Keynes]]></category>
		<category><![CDATA[Keith Kloor]]></category>
		<category><![CDATA[Lake County Record-Bee]]></category>
		<category><![CDATA[Mark Lynas]]></category>
		<category><![CDATA[Matt Ridley]]></category>
		<category><![CDATA[Skeptical Environmentalist]]></category>
		<category><![CDATA[stewart brand]]></category>
		<category><![CDATA[Worldwatch Institute]]></category>

		<guid isPermaLink="false">http://normbenson.com/timberati/?p=5351</guid>
		<description><![CDATA[<a href="http://www.amazon.com/Skeptical-Environmentalist-Measuring-State-World/dp/0521010683%3FSubscriptionId%3D0G81C5DAZ03ZR9WH9X82%26tag%3Dzemanta-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D0521010683" target="_blank"><img class="zemanta-img-inserted zemanta-img-configured " title="Cover of &#34;The Skeptical Environmentalist: Measuring the Real State of the World&#34; Cover via Amazon" rel="lightbox5351" src="http://ecx.images-amazon.com/images/I/51CZSNRBCfL._SL300_.jpg" alt="Cover of &#34;The Skeptical Environmentalist:..." width="203" height="300" /></a><p class="wp-caption-text">Cover of &#34;The Skeptical Environmentalist: Measuring the Real State of the World&#34; Cover via Amazon</p> <p>&#160;</p> <p><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">Here is today&#8217;s Green Chain column for the Lake County <a href="http://www.record-bee.com/" target="_blank">Recodrd-Bee.</a></span></p> <span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">“When the facts change, I change my mind. What do you do, sir?” – <a class="zem_slink" title="John Maynard Keynes" href="http://en.wikipedia.org/wiki/John_Maynard_Keynes" rel="wikipedia" target="_blank">John Maynard Keynes</a>.</span> <p><span [...]]]></description>
			<content:encoded><![CDATA[<div class="wp-caption alignright" style="width: 213px"><a href="http://www.amazon.com/Skeptical-Environmentalist-Measuring-State-World/dp/0521010683%3FSubscriptionId%3D0G81C5DAZ03ZR9WH9X82%26tag%3Dzemanta-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D0521010683" target="_blank"><img class="zemanta-img-inserted zemanta-img-configured " title="Cover of &quot;The Skeptical Environmentalist: Measuring the Real State of the World&quot; Cover via Amazon" rel="lightbox5351" src="http://ecx.images-amazon.com/images/I/51CZSNRBCfL._SL300_.jpg" alt="Cover of &quot;The Skeptical Environmentalist:..." width="203" height="300" /></a><p class="wp-caption-text">Cover of &quot;The Skeptical Environmentalist: Measuring the Real State of the World&quot; Cover via Amazon</p></div>
<p>&nbsp;</p>
<p><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">Here is today&#8217;s Green Chain column for the Lake County <a href="http://www.record-bee.com/" target="_blank">Recodrd-Bee.</a></span></p>
<blockquote>
<h3><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">“When the facts change, I change my mind. What do you do, sir?” – <a class="zem_slink" title="John Maynard Keynes" href="http://en.wikipedia.org/wiki/John_Maynard_Keynes" rel="wikipedia" target="_blank">John Maynard Keynes</a>.</span></h3>
</blockquote>
<p><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">It appears we are witnessing the crumbling of the green movement, as we know it. Dr. <a class="zem_slink" title="James Lovelock" href="http://en.wikipedia.org/wiki/James_Lovelock" rel="wikipedia" target="_blank">James Lovelock</a>, who postulated the ‘<a href="http://en.wikipedia.org/wiki/Gaia_hypothesis" target="_blank">Gaia hypothesis</a>’ of earth operating as a self-regulating organism, is the latest to stray, if not exactly leave the faith. The list non-orthodox greens grows continually and now includes <a class="zem_slink" title="Mark Lynas" href="http://en.wikipedia.org/wiki/Mark_Lynas" rel="wikipedia" target="_blank">Mark Lynas</a>, the author of The God Species and Stewart Brand, the author of the iconic <a class="zem_slink" title="Whole Earth Catalog" href="http://en.wikipedia.org/wiki/Whole_Earth_Catalog" rel="wikipedia" target="_blank">Whole Earth Catalog</a>.</span></p>
<p><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">Perhaps the first to change his mind and leave the Greens was <a href="http://www.greenspirit.com/index.cfm" target="_blank">Dr. Patrick Moore</a>, a co-founder of Greenpeace. He felt those in the environmental movement had made their point,</span></p>
<blockquote><p><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">“[W]hen a majority of people decide they agree with you it is probably time to stop hitting them over the head with a stick and sit down and talk to them about finding solutions to our environmental problems,” <a href="http://en.wikipedia.org/wiki/Patrick_Moore_%28environmentalist%29" target="_blank">Patrick Moore</a> says.</span></p></blockquote>
<p><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">Greens have always been fractious, and similar to the Tea Party on the right, they hate compromise. Former Greenpeace director <a href="http://en.wikipedia.org/wiki/Paul_Watson" target="_blank">Paul Watson</a> berated Patrick Moore in an email: “you’re a corporate whore, Pat, an eco-Judas, a lowlife bottom-sucking parasite&#8230;” And, <a href="http://en.wikipedia.org/wiki/Bj%C3%B8rn_Lomborg" target="_blank">Bjørn Lomborg</a>, author of <a class="zem_slink" title="The Skeptical Environmentalist: Measuring the Real State of the World" href="http://www.amazon.com/Skeptical-Environmentalist-Measuring-State-World/dp/0521010683%3FSubscriptionId%3D0G81C5DAZ03ZR9WH9X82%26tag%3Dzemanta-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D0521010683" rel="amazon" target="_blank">The Skeptical Environmentalist</a> took a pie in the face from then true believer, <a href="http://www.marklynas.org/" target="_blank">Mark Lynas</a>.</span></p>
<p><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">At the heart of the disagreement sits the use of technology. “There is a battle underway for the soul of environmentalism,” writes freelance journalist <a class="zem_slink" title="Keith Kloor" href="http://www.collide-a-scape.com" rel="homepage" target="_blank">Keith Kloor</a>, “It is a battle between traditionalists and modernists. Who prevails is likely to be determined by whose vision for the future is chosen by a new generation of environmentalists.”</span></p>
<p><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">Traditionalist Greens say, “Stop!” Technology is the Problem. The <a class="zem_slink" title="Worldwatch Institute" href="http://en.wikipedia.org/wiki/Worldwatch_Institute" rel="wikipedia" target="_blank">Worldwatch Institute</a> says we should not simply stop growing our economies, but we must actually contract: “The rapidly warming Earth and the collapse of ecosystem services show that economic ‘degrowth’ in overdeveloped countries is essential and urgent…. Degrowth can be achieved through policies to discourage overconsumption, raising taxes, shortening work hours, and ‘informalizing’ certain sectors of the economy.” The goal, <a href="http://www.skidmore.edu/~rscarce/rsbio.htm" target="_blank">Rik Scarce</a> writes in his book “Eco-Warriors,” is to arrive at “a steady-state relationship with all of nature’s creations, wherein human attitudes and actions dominate no one and no one thing. Their alternative seeks to guarantee life, liberty, evolution, and happiness for humans and non-humans alike.”</span></p>
<p><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">Modernist Greens say that technology has a role in making the world greener and more livable for all creatures, including humans. Stewart Brand says “If Greens don’t embrace science and technology” they risk becoming irrelevant.</span></p>
<p><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">The modernists are in favor of cities, people, and technology (including genetically engineered food).</span></p>
<p><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">Cities, people, and technology are…good? What is happening? Has the world gone crazy?</span></p>
<p><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">Perhaps the world is crazy. (Not exactly a news flash now, is it?)</span></p>
<p><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">As you know, I have argued on these pages that people, cities, technology, and economic growth have not only improved our lives here in the United States, but have improved the environment. Economic growth using non-renewables has overall been beneficial. The author of “<a class="zem_slink" title="The Rational Optimist: How Prosperity Evolves" href="http://www.amazon.com/Rational-Optimist-How-Prosperity-Evolves/dp/006145205X%3FSubscriptionId%3D0G81C5DAZ03ZR9WH9X82%26tag%3Dzemanta-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D006145205X" rel="amazon" target="_blank">The Rational Optimist</a>,” <a class="zem_slink" title="Matt Ridley" href="http://en.wikipedia.org/wiki/Matt_Ridley" rel="wikipedia" target="_blank">Matt Ridley</a> notes that technology takes less land and uses materials other species do not want:</span></p>
<blockquote><p><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">“[E]conomic development leads to a switch to using resources that no other species needs or wants…. Contrast Haiti, which relies on biomass (wood) for cooking and industry, with its much (literally) greener neighbour the Dominican Republic, which subsidises propane for cooking to save forest…. [E]conomic growth leads to a more sparing use of the most important of all resources &#8211; land.”</span></p></blockquote>
<p><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">Is economic growth and technology a wonder cure? A panacea that works with no side effects? No. But, then everything has its upsides and downsides.</span></p>
<p><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;"> If we humans continue to move from rural to urban (cities are denser), drill and mine for our energy rather than grow it, continue to wring more food and fiber from each acre, and develop incentives for conserving water and our fisheries, we will yet leave a better place for our (and Nature’s) children and grandchildren.</span></p>
<p><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">Matt Ridley sums it up well:</span></p>
<blockquote><p><span style="font-family: tahoma, arial, helvetica, sans-serif; font-size: medium;">“Seven billion people going back to nature would be a disaster for nature.”</span></p></blockquote>
<p>Notes/Sources:</p>
<ul>
<li>Johnston, Ian. &#8216;Gaia&#8217; scientist James Lovelock: I was &#8216;alarmist&#8217; about climate change. msnbc.com. http://worldnews.msnbc.msn.com/_news/2012/04/23/11144098-gaia-scientist-james-lovelock-i-was-alarmist-about-climate-change</li>
<li>“If Greens don’t embrace science and technology and jump ahead to a leading role in both, they may follow the Reds into oblivion.” <a class="zem_slink" title="Stewart Brand" href="http://en.wikipedia.org/wiki/Stewart_Brand" rel="wikipedia" target="_blank">Brand, Stewart</a>. <a class="zem_slink" title="Whole Earth Discipline: An Ecopragmatist Manifesto" href="http://www.amazon.com/Whole-Earth-Discipline-Ecopragmatist-Manifesto/dp/0670021210%3FSubscriptionId%3D0G81C5DAZ03ZR9WH9X82%26tag%3Dzemanta-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D0670021210" rel="amazon" target="_blank">Whole Earth Discipline</a>: Why Dense Cities, Nuclear Power, Transgenic Crops, Restored Wildlands, and Geoengineering Are Necessary · “When the facts change, I change my mind. What do you do, sir?” http://en.wikiquote.org/wiki/John_Maynard_Keynes</li>
<li>Kloor, Keith. “The Limits to <a class="zem_slink" title="Environmentalism" href="http://en.wikipedia.org/wiki/Environmentalism" rel="wikipedia" target="_blank">Environmentalism</a>” Discover.com http://blogs.discovermagazine.com/crux/2012/04/27/the-limits-to-environmentalism/</li>
<li>Assadourian, Erik. “The Path to Degrowth in Overdeveloped Countries.” Worldwatch Institute, STATE OF THE WORLD 2012: Moving Toward Sustainable Prosperity</li>
<li>Moore, Patrick. “Confessions of a Greenpeace founder.” 2011. Vancouver Sun. http://www.vancouversun.com/opinion/Confessions+Greenpeace+founder/4073767/story.html#ixzz1BErUqcWL</li>
<li>Scarce, Rik. Eco-Warriors: understanding the radical environmental movement. 1990. Noble Press, Chicago, IL</li>
<li>“Seven billion people going back to nature would be a disaster for nature.” Comment by Matt Ridley. Hickman, Leo. Does consumption need tackling before population? http://www.guardian.co.uk/environment/blog/2012/apr/26/royal-society-report-consumption-population#block-17</li>
</ul>
<h6 class="zemanta-related-title" style="font-size: 1em;">Related articles</h6>
<ul class="zemanta-article-ul">
<li class="zemanta-article-ul-li"><a href="http://r.zemanta.com/?u=http%3A//www.guardian.co.uk/books/2012/may/16/fred-pearce-top-10-eco-books&amp;a=89205529&amp;rid=0000006c-c808-000F-0000-000000000c26&amp;e=63c86ae124acd4525b4beb511f6970e5" target="_blank">Fred Pearce&#8217;s top 10 eco-books</a> (guardian.co.uk)</li>
<li class="zemanta-article-ul-li"><a href="http://pjmedia.com/instapundit/141514/" target="_blank">YOU DON&#8217;T NEED A WEATHERMAN TO SEE WHICH WAY THE WIND IS BLOWING: &#8216;Gaia&#8217; scientist James Lovelock: &#8230;</a> (pjmedia.com)</li>
<li class="zemanta-article-ul-li"><a href="http://reason.com/blog/2012/04/24/james-lovelock-another-climate-change-ap" target="_blank">James Lovelock: Another Climate Change Apostate?</a> (reason.com)</li>
<li class="zemanta-article-ul-li"><a href="http://blogs.the-american-interest.com/wrm/2012/04/25/gaia-scientist-and-hero-of-the-greens-admits-he-was-alarmist/" target="_blank">Gaia Scientist and Hero of the Greens Admits He Was &#8220;Alarmist&#8221;</a> (blogs.the-american-interest.com)</li>
</ul>
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		</item>
		<item>
		<title>Trees ain&#8217;t thermometers</title>
		<link>http://normbenson.com/timberati/2011/02/21/trees-aint-thermometers/</link>
		<comments>http://normbenson.com/timberati/2011/02/21/trees-aint-thermometers/#comments</comments>
		<pubDate>Mon, 21 Feb 2011 08:00:56 +0000</pubDate>
		<dc:creator>Timberati</dc:creator>
				<category><![CDATA[environment]]></category>
		<category><![CDATA[Forestry]]></category>
		<category><![CDATA[AGW]]></category>
		<category><![CDATA[anthropogenic global warming]]></category>
		<category><![CDATA[Climate Change]]></category>
		<category><![CDATA[Mountain Home State Forest]]></category>

		<guid isPermaLink="false">http://normbenson.com/timberati/?p=4376</guid>
		<description><![CDATA[<p>I used to work on Mountain Home State Forest in the southern Sierra. MHSF has about 3000 specimen-sized sequoia within its boundaries. Dendrochronolgists often visited to see the stumps from logging in the mid to late 1800s. These were often over 2000 years old when they had been cut.</p> <p>The Dendrochronolgists were interested in the tree-ring patterns. Trees grow fast or slow in response to many factors and these seasonal factors (light, water, nutrients) created ring signatures or patterns. Certain years might have been favorable for growth with plentiful water, light and nutrients (each favorable year would be marked [...]]]></description>
			<content:encoded><![CDATA[<p>I used to work on Mountain Home State Forest in the southern Sierra. MHSF has about 3000 specimen-sized sequoia within its boundaries. Dendrochronolgists often visited to see the stumps from logging in the mid to late 1800s. These were often over 2000 years old when they had been cut.</p>
<p>The Dendrochronolgists were interested in the tree-ring patterns. Trees grow fast or slow in response to many factors and these seasonal factors (light, water, nutrients) created ring signatures or patterns. Certain years might have been favorable for growth with plentiful water, light and nutrients (each favorable year would be marked a large, wide ring) and certain years might have had poor conditions for growth&#8211;drought, late spring conditions, early winter&#8211;marked by thin (in some cases&#8211;microscopic) rings. In general, the wider the ring the more favorable the growing season, the narrower the ring the poor the growing conditions. These ring patterns can be distinctive and can be used to date archeological sites (where wood is present).</p>
<p><span class="header_title"><a href="http://www.dendrochronology.net/basic_dendrochronology.asp#" target="_blank">Oxford&#8217;s Tree-ring Laboratory</a> put it this way:</span></p>
<blockquote><p>The way dendrochronology works is relatively simple. As a tree grows, it     puts on a new growth or tree-ring every year, just under the bark. Trees grow,     and put on tree-rings, at different rates according to the weather in any     given year: a wider ring in a favourable year and a narrower ring in an unfavourable     year. Thus, over a long period of time (say 60 years or more) there will be     a corresponding sequence of tree-rings giving a pattern of wider and narrower     rings which reflect droughts, cold summers, etc. In effect, the span of years     during which a tree has lived will be represented by a unique fingerprint,     which can be detected in other geographically-similar tree-ring chronologies.</p></blockquote>
<p>Using tree rings as a proxy for temperature however is fraught with caveats and pitfalls.</p>
<p><cite class="fn"><a class="url" rel="external nofollow" href="http://westinstenv.org/">Mike D.</a>&#8216;s of the <a href="http://westinstenv.org/" target="_blank">Western Institute for Study of the Environment</a></cite><a href="http://westinstenv.org/" target="_blank"> </a><span class="says">comment (on <a href="http://wmbriggs.com/blog/?p=3424" target="_blank">William M. Briggs&#8217; blog</a>) about using tree ring data as proxies for temperature is an excellent explanation of the problems of using tree ring growth for temperature. He starts with how tree rings are laid down:</span></p>
<blockquote><p>Diameter growth on any tree is theoretically a sigmoid growth  function. No tree puts on constant radial growth year after year. Trees  grow by adding a layer of new wood at the cambium, under the bark. Each  year a larger surface area is added. If growth is constant, the rings  get narrower. But growth is never constant. There is significant  deviation from ideal (model) sigmoid diameter growth in individual trees regardless of the weather. Even when sigmoid growth models are used,  the natural variation adds statistical error.</p></blockquote>
<div class="wp-caption alignright" style="width: 311px"><img style="max-width: 800px; margin-top: 10px; margin-bottom: 10px; margin-left: 10px;" src="http://normbenson.com/timberati/wp-content/uploads/2009/01/mcardle-pai-mai.jpg" alt="" width="301" height="193" /><p class="wp-caption-text">Two sigmoid curves. The taller is the period annual increment for cubic feet; the lower smoother S curve is for mean annual increment of cubic feet.</p></div>
<p>So as the diameter expands, the amount of material put on would need to be more if the ring&#8217;s width was to stay the same as the previous season. Think of a clay disk that you add the same amount of clay to in successive rings. The volume of clay would be the same but the thickness of each new ring would decrease. The ring growth is S-shaped (sigmoid) because initially the tree has little foliage for photosynthesis and often puts its initial years into root development for survival. Then once roots are deep enough the tree puts its growth into height and width.</p>
<p>He then points out that tree-to-tree competition for light, water, and nutrients also affects the ring growth:</p>
<blockquote><p>Dense  stands exhibit narrow rings on individual trees, sparser stands may have wider ring growth, yet both stands may have equivalent gross growth.  That’s why only open-grown trees are supposed to be selected for ring  studies. But nobody knows what the tree density surrounding an  individual tree was 100, 200, 500 years ago. Competitors could have  arisen and died without leaving evidence of their presence so long ago.  More error.</p></blockquote>
<p>Besides competition, disease and injury can affect growth.</p>
<blockquote><p>Trees can sustain injuries that affect growth, such as top and branch damage, that are difficult to detect 200 years later, especially a few  feet off the ground where the rings are sampled. There are very few  pristine, undamaged trees. I know, having searched for such across broad acreages. Open grown trees at high elevations are always damaged. A  heavy winter snow can snap off branches and the tree will exhibit  reduced diameter growth for a few years, even if growing season  conditions are ideal.</p></blockquote>
<p>This makes using tree ring data as stand-ins for temperature problematic.</p>
<blockquote><p>Ring width has all but been abandoned as a temperature proxy.  Instead, the latest technique is sampling rings for O18 ratios, under  the assumption that O18 varies with temperature. Regardless of the ring  width, the O18 ratio is supposed to have recorded growing season  temperature. But that theory is fuzzy and mushy, and O18 ratios in  living trees correlate very poorly with known growing season  temperatures. In other words, it calibrates with much error at best.</p>
<p>Trees are not thermometers, but even thermometers have some serious measurement error problems.</p>
<p>Tree ring studies are a fad akin to phrenology and other discredited  pseudosciences that has not dissipated as it should have decades ago.</p></blockquote>
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		<item>
		<title>Making money out of thin air</title>
		<link>http://normbenson.com/timberati/2010/12/15/making-money-out-of-thin-air/</link>
		<comments>http://normbenson.com/timberati/2010/12/15/making-money-out-of-thin-air/#comments</comments>
		<pubDate>Wed, 15 Dec 2010 20:00:20 +0000</pubDate>
		<dc:creator>Timberati</dc:creator>
				<category><![CDATA[environment]]></category>
		<category><![CDATA[AGW]]></category>
		<category><![CDATA[anthropogenic global warming]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[carbon dioxide]]></category>
		<category><![CDATA[Climate Change]]></category>
		<category><![CDATA[Competitive Enterprise Institute]]></category>
		<category><![CDATA[Emissions trading]]></category>
		<category><![CDATA[Fahrenheit]]></category>
		<category><![CDATA[global warming]]></category>
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		<category><![CDATA[New York]]></category>
		<category><![CDATA[Richard Lindzen]]></category>
		<category><![CDATA[Ronald Bailey]]></category>
		<category><![CDATA[South Sea Company]]></category>
		<category><![CDATA[United Nations]]></category>

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		<description><![CDATA[What do the South Seas Company and carbon exchanges have in common? A desire to make money from an idea. [...]]]></description>
			<content:encoded><![CDATA[<h2></h2>
<h2>What do the <span class="zem_slink">South Sea Company</span> and carbon exchanges have in common? Everything.</h2>
<p><span style="font-family: Times New Roman;">In 1711, Britain’s treasurer, Robert Harley, had an extraordinary idea. He could finance Britain’s war debt by selling shares in a non-existent trading company: the <a class="zem_slink" title="South Sea Company" href="http://en.wikipedia.org/wiki/South_Sea_Company" rel="wikipedia">South Sea Company</a>. <a class="zem_slink" title="South America" href="http://en.wikipedia.org/wiki/South_America" rel="wikipedia">South America</a> was just opening up and was imagined to be a place where silver and gold flowed as easily as water. But for the scheme to be pulled off, according to a recent Economist article, investors needed to “be persuaded to drive the stock above its <a class="zem_slink" title="Par value" href="http://en.wikipedia.org/wiki/Par_value" rel="wikipedia">par value</a>” in order “to create wealth out of thin air.” It worked for a while. Speculation drove up the price but when negotiations with Spain faltered, the South Sea Company needed government backing to keep the party going. They went old school and bribed people close to the king. Eventually, despite the royal imprimatur, the investors discovered that the scheme contained no substance and was just hot air, and their shares’ par value equaled pond scum.</span></p>
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<p><span style="font-family: Times New Roman;">Today, a number of scientists, companies, and policy-makers are concerned with anthropogenic (man-made) <a class="zem_slink" title="Global warming" href="http://en.wikipedia.org/wiki/Global_warming" rel="wikipedia">global warming</a>. And, <a class="zem_slink" title="Carbon dioxide" href="http://en.wikipedia.org/wiki/Carbon_dioxide" rel="wikipedia">carbon dioxide</a> (CO2), a by-product of burning, has been fingered as the prime suspect. CO2 also happens to be the gas that you and I exhale with each breath. Simply put, CO2 reflects infrared radiation back to earth that would otherwise be lost to the cold cold depths of space&#8211;the so-called greenhouse effect.</span></p>
<p><span style="font-family: Times New Roman;">Climate scientists have built complex computer programs to model the earth’s future climate. Using sophisticated equations with <a href="http://en.wikipedia.org/wiki/Feedback_loop#Climate_science" target="_blank">feedback loops</a> and <a href="http://en.wikipedia.org/wiki/Radiative_forcing" target="_blank">forcings</a> they have “proven” the warming, which vary from 1 to 10 <a class="zem_slink" title="Fahrenheit" href="http://en.wikipedia.org/wiki/Fahrenheit" rel="wikipedia">degrees Fahrenheit</a> change, of the worldwide average by the end of this century. For our purposes we can simply say that more CO2 equals a hotter earth. People living at the start of the 20th century who could remember the “little ice age” thought this greenhouse effect beneficial. Today, the warming involved with the higher levels of climate change stands accused of everything from colder winters to cancer, and even illegal immigration (I am not making this up).</span></p>
<p><span style="font-family: Times New Roman;">Some have suggested that a <a class="zem_slink" title="Emissions trading" href="http://en.wikipedia.org/wiki/Emissions_trading" rel="wikipedia">cap-and-trade</a> system could reduce <a class="zem_slink" title="Greenhouse gas" href="http://en.wikipedia.org/wiki/Greenhouse_gas" rel="wikipedia">CO2 emissions</a>; this would be similar to how regulators curbed other smokestack pollutants (such as sulfur dioxide) in the late 20th century. Essentially, regulators “cap” the total output of a pollutant with a limited allowance of CO2, and then polluters can trade their credits. Those who produce less of the pollutant can sell their remaining allowance to those who produce more. The state of New York has collected $282 million under a regional agreement from the auctioning of carbon dioxide credits.</span></p>
<p><span style="font-family: Times New Roman;">In addition to selling allowances in a cap-and-trade system, indulgences can also be sold in the form of “carbon offsets.” Offsets provide a counter-balance to the CO2-emissions’ damage (presumably) done by flying in an airplane, driving a car, having a child, or all three and more. The offsets vary: one might buy a bit of rainforest (to grow and soak up CO2 through photosynthesis) or fund family planning in Ethiopia (to prevent another carbon emitter from entering the world) as atonement. By buying such carbon-coated indulgences, one can expiate the sins of extravagant western living and transform oneself into a holy carbon-neutral being.</span></p>
<p><span style="font-family: Times New Roman;">It’s not about saving the world (except for the true believers), it’s about money. Follow the incentives. <a href="http://wiki.fool.com/Bootleggers_and_Baptists" target="_blank"><span style="font-family: Times New Roman;">Baptists and bootleggers</span></a>, true believers and the buck-seekers, have banded together to make markets out of thin air with offsets or allowances. At the <a class="zem_slink" title="United Nations" href="http://en.wikipedia.org/wiki/United_Nations" rel="wikipedia">United Nations</a>’ climate change delegate meeting in Cancun that just ended, investment funds, insurance companies and banks have lobbied for a treaty, and not because they are altruistic. <a class="zem_slink" title="Ronald Bailey" href="http://en.wikipedia.org/wiki/Ronald_Bailey" rel="wikipedia">Ronald Bailey</a> at Reason writes that the delegates there have decided “to kick the Cancun down the road” because the “rich countries continued their vague promises to hand over $100 billion in climate aid annually to poor countries beginning in 2020.”</span></p>
<p><span style="font-family: Times New Roman;">Cutting 100 percent of our CO2 emissions lowers CO2 emissions by a whopping 1.5 percent of the carbon cycle, because the rest (210 billion metric tons per year) comes from natural processes. But, “if you’re looking to make money from the trading of carbon allowances (carbon credits) than (sic) it makes a great deal of sense&#8230;.If you are in the renewable energy business it makes perfect sense to support the reduction of carbon dioxide ‘pollution’,” writes one energy analyst.</span></p>
<p><span style="font-family: Times New Roman;">I could be wrong, but I see no “there” there. The investment has no portfolio. I think, just as what happened to the British South Sea Company, investors will eventually learn that these hyperventilated bubbles are simply full of hot air. What do the South Sea Company and carbon exchanges have in common? Nothing.</span></p>
<h3><span style="font-family: Times New Roman;">Sources</span></h3>
<p><span style="font-family: Times New Roman;">Buttonwood. &#8220;An early attempt to buy government bonds by creating money.&#8221; <a class="zem_slink" title="The Economist" href="http://www.economist.com/" rel="homepage">The Economist</a>, November 11, 2010.</span></p>
<p><span style="font-family: Times New Roman;">Christy, John R. &#8220;The <a class="zem_slink" title="Global warming" href="http://en.wikipedia.org/wiki/Global_warming" rel="wikipedia">Global Warming</a> Fiasco.&#8221; In Global Warming and Other Eco-Myths, by <a class="zem_slink" title="Competitive Enterprise Institute" href="http://en.wikipedia.org/wiki/Competitive_Enterprise_Institute" rel="wikipedia">Competitive Enterprise Institute</a>, edited by Ronald Bailey, 423. Forum, 2002.</span></p>
<p><span style="font-family: Times New Roman;">Derbyshire, David. &#8220;&#8216;<a class="zem_slink" title="Global Climate Change" href="http://www.wikinvest.com/concept/Global_Climate_Change" rel="wikinvest">Climate change</a> could give you cancer&#8217;: UN report warns of deadly pollutants from glaciers .&#8221; Mail Online. December 9, 2010. http://www.dailymail.co.uk/sciencetech/article-1336810/Climate-change-cancer-UN-report-warns-deadly-pollutants-glaciers.html#ixzz17qXOVfeT (accessed December 11, 2010).</span></p>
<p><span style="font-family: Times New Roman;">Horn, Art. &#8220;The Utter Futility of Reducing <a class="zem_slink" title="Greenhouse gas" href="http://en.wikipedia.org/wiki/Greenhouse_gas" rel="wikipedia">Carbon Emissions</a>.&#8221; Energy Tribune. December 1, 2010. http://www.energytribune.com/articles.cfm/5961/The-Utter-Futility-of-Reducing-Carbon-Emissions (accessed December 1, 2010).</span></p>
<p><span style="font-family: Times New Roman;">Lindzen, Richard S. &#8220;Global Warming: How to approach the science.&#8221; Testimony: House Subcommittee on Science and Technology hearing on A Rational Discussion of <a class="zem_slink" title="Global Climate Change" href="http://www.wikinvest.com/concept/Global_Climate_Change" rel="wikinvest">Climate Change</a>: the Science, the Evidence, the Response. <a class="zem_slink" title="Richard Lindzen" href="http://en.wikipedia.org/wiki/Richard_Lindzen" rel="wikipedia">Richard S. Lindzen</a>, 2010.</span></p>
<p><span style="font-family: Times New Roman;">Lomborg, Bjorn. &#8220;Human Welfare: Food and Hunger.&#8221; In The Skeptical Environmentalist: Measuring the Real State of the World, by Bjorn Lomborg, 515. Cambridge: Cambridge University Press, 2004.</span></p>
<p><span style="font-family: Times New Roman;">NAVARRO, MIREYA. &#8220;Carbon Auction Yields $16.9 Million for New York.&#8221; Dot Green. New York Times. December 3, 2010. http://green.blogs.nytimes.com/2010/12/03/carbon-auction-yields-16-9-million-for-new-york/ (accessed December 12, 2010).</span></p>
<p><span style="font-family: Times New Roman;">Optimum Population Trust. &#8220;Your questions answered.&#8221; PopOffets. Optimum Population Trust 12 Meadowgate, Urmston Manchester M41 9LB. http://www.popoffsets.com/faq.php (accessed December 11, 2010).<br />
Revkin, Andrew C. &#8220;Cold Weather in a Warming Climate.&#8221; Dot Earth &#8211; New York Times blog. March 1, 2008. http://dotearth.blogs.nytimes.com/2008/03/01/reconciling-cold-weather-and-a-warming-climate/ (accessed December 11, 2010).</span></p>
<p><span style="font-family: Times New Roman;">Ridley, Matt. The Rational Optimist: How Prosperity Evolves. New York, New York: HarperCollins, 2010.</span></p>
<p><span style="font-family: Times New Roman;">Shuaizhang Feng, Alan B. Krueger, Michael Oppenheimer. &#8220;Proceedings of the National Academy of Sciences.&#8221; Linkages among climate change, crop yields and Mexico–US cross-border migration. Proceedings of the National Academy of Sciences. http://www.pnas.org/content/107/32/14257.long.</span></p>
<p><span style="font-family: Times New Roman;">Vaughan, Adam. guardian.co.uk,. 10 31, 2010. http://www.guardian.co.uk/environment/2010/oct/31/climate-change-computer-game (accessed 11 20, 2010).</span></p>
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		<title>10,000 attendees set an example at the Cancún shindig</title>
		<link>http://normbenson.com/timberati/2010/12/01/setting-an-example-at-the-cancun-shindig/</link>
		<comments>http://normbenson.com/timberati/2010/12/01/setting-an-example-at-the-cancun-shindig/#comments</comments>
		<pubDate>Wed, 01 Dec 2010 21:00:14 +0000</pubDate>
		<dc:creator>Timberati</dc:creator>
				<category><![CDATA[environment]]></category>
		<category><![CDATA[anthropogenic global warming]]></category>
		<category><![CDATA[Cancún]]></category>
		<category><![CDATA[Climate Change]]></category>
		<category><![CDATA[COP 16]]></category>

		<guid isPermaLink="false">http://normbenson.com/timberati/?p=4134</guid>
		<description><![CDATA[<p><span style="font-family: lucida grande;">&#8220;Global warming is now such a serious threat to mankind that climate change experts are calling for Second World War-style rationing in rich countries to bring down carbon emissions,&#8221; environment correspondent, Louise Gray wrote in Britain&#8217;s Telegraph under the headline, &#8220;<a href="http://www.telegraph.co.uk/earth/environment/climatechange/8165769/Cancun-climate-change-summit-scientists-call-for-rationing-in-developed-world.html" target="_blank"><span style="font-family: lucida grande;">Cancun climate change summit: scientists call for rationing in developed world</span></a></span></p> <p><span style="font-family: lucida grande;">Apparently a fair number of scientific papers have been published by Britain&#8217;s Royal Society saying that temperatures might rise as much as 4C (7.2F) by 2060. And to prevent that, at least one expert thinks World War [...]]]></description>
			<content:encoded><![CDATA[<p><span style="font-family: lucida grande;">&#8220;Global warming is now such a serious threat to mankind that climate change experts are calling for Second World War-style rationing in rich countries to bring down carbon emissions,&#8221; environment correspondent, Louise Gray wrote in Britain&#8217;s Telegraph under the headline, &#8220;<a href="http://www.telegraph.co.uk/earth/environment/climatechange/8165769/Cancun-climate-change-summit-scientists-call-for-rationing-in-developed-world.html" target="_blank"><span style="font-family: lucida grande;">Cancun climate change summit: scientists call for rationing in developed world</span></a></span></p>
<p><span style="font-family: lucida grande;">Apparently a fair number of scientific papers have been published by Britain&#8217;s Royal Society saying that temperatures might rise as much as 4C (7.2F) by 2060. And to prevent that, at least one expert thinks World War II-style <a href="http://news.bbc.co.uk/2/hi/8358077.stm"><span style="font-family: lucida grande;">rationing would be a good idea</span></a>.</span></p>
<blockquote><p><span style="font-family: lucida grande;">Prof Anderson insisted that halting growth in the rich world does not necessarily mean a recession or a worse lifestyle, it just means making adjustments in everyday life such as using public transport and wearing a sweater rather than turning on the heating.</span></p>
<p><span style="font-family: lucida grande;">“I am not saying we have to go back to living in caves,” he said. “Our emissions were a lot less ten years ago and we got by okay then.”</span></p></blockquote>
<p><span style="font-family: lucida grande;">So, the approximately 10,000 delegates to the Cancún shindig aka COP 16 [the 16th Conference of Parties to the <a href="http://unfccc.int/essential_background/convention/items/2627.php" target="_top">United Nations Framework Convention on Climate Change</a>], while not meeting or staying in caves, have tightened their belts in solidarity:</span></p>
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		<title>The blind chasing after the blind in Cancún</title>
		<link>http://normbenson.com/timberati/2010/11/30/the-blind-chasing-after-the-blind-in-cancun/</link>
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		<pubDate>Tue, 30 Nov 2010 21:14:41 +0000</pubDate>
		<dc:creator>Timberati</dc:creator>
				<category><![CDATA[environment]]></category>
		<category><![CDATA[Sustainability]]></category>
		<category><![CDATA[AGW]]></category>
		<category><![CDATA[anthropogenic global warming]]></category>

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		<description><![CDATA[Briggs over at William M. Briggs, "statistician to the stars," has a delightfully damning post about Cornell's delegation to the shindig aka COP 16 [the 16th Conference of Parties to the United Nations Framework Convention on Climate Change] in Cancún. [...]]]></description>
			<content:encoded><![CDATA[<div class="wp-caption alignnone" style="width: 339px"><img style="max-width: 350px; margin-top: 10px; margin-bottom: 10px; margin-right: 10px;" src="http://www.freefoto.com/images/810/24/810_24_7173_prev.jpg" alt="" width="329" height="220" /><p class="wp-caption-text">Image credit: Freefoto.com</p></div>
<p>Briggs over at <a href="http://wmbriggs.com/blog" target="_blank">William M. Briggs</a>, &#8220;statistician to the stars,&#8221; has a delightfully <a href="http://wmbriggs.com/blog/?p=3234" target="_blank">damning post</a> about Cornell&#8217;s delegation to the shindig aka COP 16 [the 16th Conference of Parties to the <a href="http://unfccc.int/essential_background/convention/items/2627.php" target="_top">United Nations Framework Convention on Climate Change</a>] in Cancún.</p>
<p>According to <a href="http://cornellsun.com/section/news/content/2010/11/29/cornell-delegates-join-ranks-un-climate-conference-cancun" target="_blank">The Cornell Daily Sun</a>, &#8220;A delegation of Cornell researchers will join the fight against climate change Monday in the annual United Nations Climate Change Conference in Cancun, Mexico.&#8221; Eighteen students, plus Three Cornell professors — Prof. Antonio Bento, applied economics and management, Prof. Johannes Lehmann, soil sciences, Prof. Sean Sweeney, director of Cornell’s Global Labor Institute will comprise the Cornell delegation. The faculty members  &#8220;will give formal presentations to the COP 16 on issues ranging from cap-and-trade offsets, sustainable agriculture and organized labor.&#8221;</p>
<p>According to the Daily Sun,</p>
<blockquote><p>&#8220;The third research group will offer information “on how to avoid carbon dioxide losses from soils that would contribute to global warming, and how to increase organic carbon in soils that will be a sink for atmospheric carbon dioxide,” Lehmann said in an e-mail.</p>
<p>Lehmann, who will present in two “side events” meant to inform the delegates, expressed hope that his scientific research would affect the diplomatic bargaining.&#8221;</p></blockquote>
<p>To which Briggs points out:</p>
<blockquote><p>[I]f you begin to muse on soil physics, you’ll have missed the meat, which is that Lehmann, the only scientist in the group, is being shunted off onto a “side event”, which is “meant to inform the delegates.” Lehmann said, “The presentations by scientists are attended by negotiators that will hopefully be better informed through the material. Often, negotiators are directly interacting with presenters to deepen their knowledge.”</p></blockquote>
<p>The Daily Sun&#8217;s article reports:</p>
<blockquote><p>At the COP 16 , Bento will present a theoretical and computational model of a cap-and-trade model in the United States. In a cap-and-trade program, the government sets pollution caps and firms may purchase and trade carbon credits.</p></blockquote>
<p>And Briggs notes:</p>
<blockquote><p>Bento and team “will present a theoretical and computational model of a  cap-and-trade model”, which—do I need to say this?—is based on output  from climate models.  A model of a model of a model.   Put another way:  an approximation of a surmise of a guess.   What could go wrong?</p></blockquote>
<p>Read the whole post  here: <a href="http://wmbriggs.com/blog/?p=3234" target="_blank">Cornell’s Cancun Climate Conference Crew</a>. It&#8217;s worth it to marvel at the UNFCC process.</p>
<p>Background:<br />
The United Nations Climate Change Conference is to be held in Cancún,<br />
Mexico, from 29                                        November to 10 December 2010. What is it supposed to do?</p>
<p>According to <a href="http://unfccc.int/2860.php" target="_blank">United Nations Framework Convention on Climate Change</a><br />
(UNFCC) website, the conference &#8221; encompasses the sixteenth Conference<br />
of the Parties (COP) and the sixth Conference of the Parties serving as<br />
the Meeting of the Parties to the Kyoto Protocol (CMP), as well as the<br />
thirty-third sessions of both the Subsidiary Body for Implementation<br />
(SBI) and the Subsidiary Body for Scientific and Technological Advice<br />
(SBSTA), and the fifteenth session of the AWG-KP and thirteenth session<br />
of the AWG-LCA. To discuss future commitments for industrialized<br />
countries under the Kyoto Protocol, the Conference of the Parties<br />
serving as the Meeting of the Parties to the Kyoto Protocol (CMP)<br />
established a working group in December 2005 called the Ad Hoc Working<br />
Group on Further Commitments for Annex I Parties under the Kyoto<br />
Protocol (AWG-KP). In Copenhagen, at its fifth session, the CMP<br />
requested the AWG-KP to deliver the results of its work for adoption by<br />
CMP 6 in Cancun.&#8221;</p>
<p>Got that? Well according to the UNFCC&#8217;s <a href="http://unfccc.int/press/fact_sheets/items/4980.php" target="_blank">fact sheet</a>, &#8220;Over a decade ago, most countries joined an international treaty &#8212; the <a href="http://unfccc.int/essential_background/convention/items/2627.php" target="_top">United Nations Framework Convention on Climate Change</a> (UNFCCC) &#8212; to begin to consider what can be done to reduce global<br />
warming and to cope with whatever temperature increases are inevitable.<br />
More recently, a number of nations approved an addition to the treaty:<br />
the <a href="http://unfccc.int/kyoto_protocol/items/2830.php" target="_top">Kyoto Protocol</a> [the US congress did not ratify it] , which has more powerful (and legally binding) measures. The <a href="http://unfccc.int/secretariat/history_of_the_secretariat/items/1218.php" target="_top">UNFCCC secretariat</a> supports all institutions involved in the climate change process, particularly the COP, the subsidiary bodies and their Bureau.&#8221;</p>
<p>&#8220;The negotiating process on climate change revolves around the sessions of<br />
the Conference of the Parties to the UNFCCC (COP), which meets every<br />
year to review the implementation of the Convention. The COP adopts<br />
decisions and resolutions, published in reports of the COP.  Successive<br />
decisions taken by the COP make up a detailed set of rules for practical<br />
and effective implementation of the Convention.&#8221;</p>
<p>&#8220;Thousands of participants including government representatives and observer organizations have attended previous climate change conferences.  The sessions in Bali attracted over 10,000 participants, including some 3,500 government officials, over 5,800 representatives of UN bodies and agencies, intergovernmental and non-governmental organizations, and nearly 1,500 accredited members of the media.&#8221;</p>
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