Thursday, 15 November 2012

Is Al Gore world's first carbon billionaire?

Image: Christian Science Weekly

Is Al Gore world's first carbon 

Al Gore thought that the first Obama Administration would introduce carbon trading and when the administration shied away from any carbon dioxide tax/carbon dioxide credits, Al Gore sharply criticized President Obama's "failed" approach to global warming.
"President Obama has thus far failed to use the bully pulpit to make the case for bold action on climate change," Gore wrote in a "Rolling Stone" article published online. (Link)
Now that POTUS Obama has been re-elected, Gore is strenuously advocating a carbon dioxide tax.

The UK Telegraph reports: (link) (see also HERE)
Few people have been as vocal about the urgency of global warming and the need to reinvent the way the world produces and consumes energy as Mr Gore. 

How does this convert in billions?
….. Mr Gore's venture capital firm loaned a small California firm $75m to develop energy-saving technology.

The company, Silver Spring Networks, produces hardware and software to make the electricity grid more efficient.

The deal appeared to pay off in a big way last week, when the Energy Department announced $3.4 billion in smart grid grants, the New York Times reports. Of the total, more than $560 million went to utilities with which Silver Spring has contracts.

The move means that venture capital company Kleiner Perkins and its partners, including Mr Gore, could recoup their investment many times over in coming years.

Peer-reviewed: man-made CO2 is not the driver of global warming

Ole Humlum, Professor of Geosciences at the University of Oslo has an important new paper published in Global and Planetary Change which finds that changes in CO2 follow rather than lead global air surface temperature and that "CO2 released from use of fossil fuels have little influence on the observed changes in the amount of atmospheric CO2

Dr. Humlum summarizes the main findings of his paper:
  • [Observations show] The temperature rise begins at sea level and spreads gradually to the land and atmosphere several months later. This is contrary to the IPCC CO2 hypothesis that atmospheric CO2 controls land and ocean temperature.
  • The geographical distribution of a CO2 increase doesn't start at 30-50 degrees North latitude, which one would expect if the source were mainly created by the fossil fuel industry and transport in the Northern Hemisphere.  Instead, the increase of CO2 starts just south of the equator. This is contrary to the IPCC hypothesis that use of fossil fuels is the primary cause of increased CO2 levels.
Dr. Humlum notes that existing climate models are based on the improper assumption that CO2 controls temperature and have not provided skillful predictions so far

The highlights of the paper are:
  • The overall global temperature change sequence of events appears to be from 1) the ocean surface to 2) the land surface to 3) the lower troposphere. 
  • Changes in global atmospheric CO2 are lagging about 11–12 months behind changes in global sea surface temperature. 
  • Changes in global atmospheric CO2 are lagging 9.5-10 months behind changes in global air surface temperature. 
  • Changes in global atmospheric CO2 are lagging about 9 months behind changes in global lower troposphere temperature. 
  • Changes in ocean temperatures appear to explain a substantial part of the observed changes in atmospheric CO2 since January 1980. 
  • CO2 released from use of fossil fuels have little influence on the observed changes in the amount of atmospheric CO2, and changes in atmospheric CO2 are not tracking changes in human emissions. 

H/t Hockey Shtick