The Greenhouse Gamble
It’s time to call your bookie, because the line on global warming is in. A new paper from MIT breaks down the odds of different outcomes from global warming, based on whether governments take action now or later. And if you’re taking that action, bet on “government getting involved” to beat the spread, as last week an important climate change bill made it out committee in the House of Representatives.
The bill, named the American Clean Energy and Security Act, would institute a cap-and-trade program, and reduce carbon emissions by 17 percent over fifteen years. The plan also calls for increased research into alternative energy, and provides $750 billion in subsidies to consumers to help offset the increase in energy cost the bill would cause.
Now, before you smelly hippies start planning a bonfire party to celebrate, or you thoroughly confused climate-change deniers start complaining about impending socialism, everyone should note that the bill still has a long way to go before it becomes law, and will likely undergo substantial changes as it passes through the sausage factory that is the U.S. Congress. Additionally, The Wall Street Journal and The Economist both point out that the bill is full of loopholes and weak provisions for enforcement.
However, it is good that someone is doing something. The new analysis from MIT predicts that if governments don’t act, climate change could get twice as bad as previously predicted. The study looked at the odds of different levels of climate change in scenarios with and without a change in greenhouse gas emission. Needless to say, the study says the outcome is worse when no action is taken. To help illustrate that point, the authors devised these cool looking roulette wheels with the odds of different temperature changes. To help understand the wheels, check out Andy Revkin’s New York Times blog where he explains how to read the illustration.
Also, for the more audio-inclined, National Geographic reports that seismologists can actually hear the results of global warming, in the form of increased noise in their Earth-monitoring microphones. While the NatGeo article doesn’t mention what global warming actually sounds like, I’m sure Pitchfork will give it a 4.3 and claim it wasn’t as good as global warming’s earlier stuff.
Climate Change Roulette