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Climate Change becomes a battle ground of money wagers

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The proponents for and against climate change have 97 percent of the scientists supporting that climate change has been increased by the hand of man with fossil fuel burning while pitted against staunch supporters in denial. Today, a physicist put up at wager of $10,000 to anyone who could refute scientifically the claim of climate change, posted online in Climateprogress.

Dr. Keating posted this offer on his blog today that the contest is for those who can present scientific proof evidence. Keating is the author of the recently released book “Undeniable: Dialogues on Global Warming.” He investigates with scientific proof in a Socratic-style discussion between three friends who can provide in the same such manner of presenting proof.

Scientists in the 97 percent group who support climate change understand that from the very basic group of organisms, called phytoplankton, trace gases are released into the atmosphere. This atmospheric chemistry changes and the return to the planet earth is affected by the imbalance in the trace gases sent up into the atmosphere.

The pollution by humans each day creates a change that is sent up to the atmosphere and returned to the planet. Keating is not concerned about losing $10,000 as he states, “They are in the business of denial and deception, not science. But, if someone could give me a scientific proof global warming isn’t real, it would be worth the money.”

Henry M. Paulson Jr., former Secretary of the Treasury during the Bush administration and the man who steered the U.S. through the credit bubble burst and global melt down of October 2008 has written a piece in the New York Times last Saturday. He opines that as the impending global meltdown loomed, he see the same ominous situation today in the climate change debate.

Paulson forecasts that the decisions of today if we remain on a carbon-dependent path will lead the U.S. to a $20 billion cost for protecting New York City from the rising seas. NYC is just one coastal city.

He cites that the analysis for the melting Arctic sea ice would lead to almost ice-free summers within this century. The more ice melts, the less reflection of the sun’s heat will be absorbed by the oceans and thus accelerating both the atmosphere and the oceans.

We are back to the basic understanding that the trace gases from the phytoplankton goes up in an imbalance affected by the pollution and returns to the oceans to increase more changes within the ocean due to the change in gases released by the phytoplankton. Take the phiz out a carbonated soft drink and it becomes tasteless and undesirable to drink as the whole balance of taste is gone forever.

Paulson introduces the Antarctic scientific findings of faster meltdown and calls it the “baked in” effect. Future decades will bring more changes due to this drastic meltdown from both sides of top and bottom of the planet. We have squeezed ourselves into a drastically soon to be unchangeable situation.

Paulson offers that the U.S. must have a national policy that uses market incentive to develop technological advances to meet the climate change challenge. There must be a tax on carbon emissions while other alternative energies are developed in technology for clean energy use.

Back home in Chicago, the Paulson Institute at the University of Chicago offers these scientific studies for technological advances to stop the bubble burst in climate change that everyone is denying. He warns that the today’s situation is no different than the days leading up to the economic global meltdown of 2008.

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