If 3 Was 9

Format:Print
| Language:English
| Pages:3

Abstract

One determinant of where economies and markets are headed is how well we handle the climate crisis. Headlines on the climate tend to emphasize two points. First, average global temps are rising, with it being the hottest summer in 1,000 centuries per some estimates. Second, some crazy things are happening, or expected to happen, as a result of these temperature increases. Makes sense. But when we look at the numbers, it's weird -- there are intense weather phenomena occurring, and far worse anticipated, yet climate experts predict a total temperature increase of 3 degrees, and not tomorrow but a lifetime away, at the end of the century! Why so much impact from such a small rise in the mercury? Turns out the phenomenon relies on just two weird tricks.