Sunday , November 24 2024
Home / Real-World Economics Review / Arctic meltdown

Arctic meltdown

Summary:
At this very moment (9 september 2016), arctic sea ice may have reached its yearly minimum extent. Does global warming cause a decline of this minimum? Business cycle economists use the phrase ‘months for cyclical dominance’: how many months does it take before trend movements are larger than monthly fluctuations of variables like consumption of exports? In the case of sea ice I used ‘years for cyclical dominance (YCD)’: a fourteen year moving average shows a continuous decline (the max. extent of arctic sea ice has a 10 year YCD). The decline is not linear. Remarkably, pre-2002 minima of the minimum are higher than post-2006 maxima of the minimum – a very robust indicator of a downward trend. Antarctic sea ice shows much less dramatic developments. This reminds us that we have to look at the global picture. Which is clear: 2016 is set to be the hottest year on record (breaking the 2015 record).

Topics:
Merijn T. Knibbe considers the following as important:

This could be interesting, too:

John Quiggin writes Trump’s dictatorship is a fait accompli

Peter Radford writes Election: Take Four

Merijn T. Knibbe writes Employment growth in Europe. Stark differences.

Merijn T. Knibbe writes In Greece, gross fixed investment still is at a pre-industrial level.

meltAt this very moment (9 september 2016), arctic sea ice may have reached its yearly minimum extent. Does global warming cause a decline of this minimum? Business cycle economists use the phrase ‘months for cyclical dominance’: how many months does it take before trend movements are larger than monthly fluctuations of variables like consumption of exports? In the case of sea ice I used ‘years for cyclical dominance (YCD)’: a fourteen year moving average shows a continuous decline (the max. extent of arctic sea ice has a 10 year YCD). The decline is not linear. Remarkably, pre-2002 minima of the minimum are higher than post-2006 maxima of the minimum – a very robust indicator of a downward trend. Antarctic sea ice shows much less dramatic developments. This reminds us that we have to look at the global picture. Which is clear: 2016 is set to be the hottest year on record (breaking the 2015 record).

Merijn T. Knibbe
Economic historian, statistician, outdoor guide (coastal mudflats), father, teacher, blogger. Likes De Kift and El Greco. Favorite epoch 1890-1930.

Leave a Reply

Your email address will not be published. Required fields are marked *