People like Prof. Bob Carter have been pointing out that there has been no more warming since 1998. But this is a view formed by the offical global data sets that have not been adjusted for the cooling impact of random events like the Mount Pinatubo eruption in 1991.

As Ian Mott has pointed out in the commentary at http://www.jennifermarohasy.com/blog/archives/002586.html#comments
it is generally accepted that this massive eruption emitted so much sulfur that it cooled the planet by 0.5C over a few years. And some of the climate mafia have used this information to imply that the underlying rate of temperature increase was much greater than the official numbers indicate. And in part, that is true, but wait, there is more.

For when we add 0.2C to the second half of 1991, 0.4C to 1992, 0.3C to 1993, 0.2C to 1994 and 0.1C to 1995 it becomes clear that the global temperature took a short spike from 1990 to 1992 and has been in a plateau ever since. Essentially, 1992 would have been just as warm as the 1998 El nino year. And yes, that is 15 years in which there is zero evidence of global temperature change.

Over that 15 years the atmospheric CO2 reading from Mauna Loa increased by 27 ppm or a massive 141Gt of extra CO2 (280 years worth of Australian emissions) for no warming whatsoever.

Examples of this sort of sudden jump in temperature followed by a plateau are found throughout the temperature record. And as the latest reports point to a solid La Nina event in place during 2008, we can state with a high degree of certainty that there will be no evidence of any warming, let alone accelerated warming, for 16 years.

But you won't hear a word of this at the Bali wankfest, oh no, no, no.

Bugsy,

Get some new batteries in your calculator. It's not $71, it's $71,428.51 cents rounded out

Leigh, the modern usage (unfortunately American) is that a billion is 1,000 million.

1,500 million divided by 21 million equals what?

OMFG! They are spending more than the average wage per person on climate change overseas! NOT!