Explanation found for the record-high temperatures of 2023

By 2023, the number of low-altitude clouds will have decreased dramatically.

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Changes in cloud cover may be the reason global temperatures have exceeded climate model predictions over the past two years.

Temperature records were broken repeatedly in 2023 and 2024, with average temperatures in both years about 1.5 degrees Celsius above pre-industrial levels. Climate change and El Niño weather patterns are partly to blame, but neither factor can completely explain the unusually warm weather.

Researchers now think the answer lies in a sharp decline in low-lying cloud cover in 2023. This change reduced Earth’s albedo, the planet’s ability to reflect solar radiation back into space, causing temperatures to rise.

Earth’s albedo has been decreasing since the 1970s. This is mainly due to the melting of polar ice sheets, which help reflect sunlight back into space. However, when analyzing satellite data, helge gosling and his colleagues at Germany’s Alfred Wegener Institute have revealed that the planet’s albedo in 2023 hit an all-time low.

Goessling and his colleagues then used a combination of weather observations and modeling to understand the cause of this decline, and found that the number of low-lying clouds decreased sharply in 2023. This change was particularly noticeable in the Atlantic Ocean. 2023 saw the most unusual temperature extremes.

“We were able to show where the clouds were actually changing and at what altitude in the atmosphere,” Gosling said. “It’s really surprising that this reduction in cloud cover is occurring primarily in the lower levels.”

The findings could explain an additional 0.2°C of heat loss that scientists have struggled to account for, once background climate change and the effects of El Niño in 2023 are added up. “This is another piece of the puzzle, but I think it’s a very important piece,” Goessling said. Although the study only evaluated data from 2023, the findings could also explain why global temperatures will remain extremely high through 2024, despite El Niño weakening earlier this year. be.

paulo ceppi Researchers at Imperial College London say the study is timely as climate scientists are keen to understand the causes of recent record warmth. “I think they make a pretty convincing case that changes in albedo, especially in low-level clouds, contribute significantly to changes in the radiation budget and, therefore, in temperature,” he says.

The next question is why low-altitude clouds disappear. There are three main explanations. This may be due to a global decrease in aerosol pollution, which promotes cloud formation and persistence. Alternatively, it could be the result of changes in cloud behavior due to global warming. Or it could just be natural fluctuations in climate.

Understanding which of these three factors is dominant is critical because it influences how sensitive Earth’s climate is to greenhouse gas pollution. If the lack of clouds is due to a climate change feedback, its effects will accelerate in the coming years, causing global temperatures to rise more than expected. “The answer has pretty deep implications for what we expect about future climate change,” Seppi says.

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Source: www.newscientist.com

Monthly Futures Spread Trading Volume on OKX Liquid Marketplace Skyrockets to Record-High $1.54 Billion, Surpassing September Performance

OKX a leading cryptocurrency exchange and Web3 technology company, today announced: futures spread trading volume Moreover liquid marketplace, a spot OTC, futures spread and options liquidity network, reached a monthly high of USD 1.54 billion in September 2023. This achievement is 62%* Institutional market share of futures spreads for the current month.

From July 2023 onwards launch OKX Accumulation of Nitro Spread, a venue for institutional investors to execute basis, futures spread, and funding rate arbitrage strategies under OKX’s Liquid Marketplace futures spread amount It led the market from August 28, 2023 to October 11, 2023.

OKX futures spread volume was also strong on the “high watermark” volume days, with OKX futures spread notional volume increasing four times within the date range (September 12th, September 19th). , September 28, and October 10) crossed the 100 million USDT mark. 2023).

These volume milestones solidify OKX’s position liquid marketplace The go-to place for institutional investors looking to take advantage of superior liquidity in a wide range of trades including futures spreads, spot OTC basis, options and more.

OKX Chief Commercial Officer Lennix Lai said: “The latest futures spread volume figures confirm that the OKX Liquid Marketplace is a diverse ecosystem of counterparties pursuing a variety of trading strategies, making it the trading venue of choice for institutional traders. We have worked hard to develop the products, liquidity, and intuitive trading features that traders demand in a highly competitive market environment. We will adapt it to the needs of customers and further expand our customer base.”

Since its launch in July 2023, OKX has announced on October 6th nitro spread Cumulative trading volume exceeded 2 billion USDT.

Nitro Spreads is a place for institutional investors to execute advanced strategies and efficiently drive delta rolls on OKX’s liquid marketplace. Nitro spreads allow both legs of a trade to be executed through a central order book, minimizing leg risk between markets and providing increased capital efficiency for institutional traders. Traders can also select a guaranteed spread for a trade before execution to reduce unexpected price slippage. The transaction is then matched and settled immediately.

*sauce: Lavitas

OKX is the world’s leading cryptocurrency exchange and innovative Web3 company. Trusted by over 50 million users worldwide, OKX is known as the fastest and most reliable crypto trading app for traders around the world.

As a top partner for English Premier League champions Manchester City FC, McLaren F1, Olympian Scotty James and Formula 1 driver Daniel Ricciardo, OKX aims to enhance the fan experience with new engagement opportunities. OKX is also a top partner of the Tribeca His Festival as part of its efforts to bring more creators to his Web3.

OKX Wallet is the platform’s newest offering for those who want to explore the world of NFTs and the Metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security, and we publish the evidence every month.

To learn more about OKX, download the app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. This is not intended to provide investment, tax, or legal advice, nor should it be considered an offer to buy, sell, hold, or offer any services related to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can be highly volatile, and may even become worthless. Leveraged trading of digital assets magnifies both your potential profits and potential losses and can result in a loss of your entire investment. Past performance is not indicative of future results. You should carefully consider whether trading or holding digital assets is suitable for you, especially if you are considering the use of leverage. You are solely responsible for your trading strategies and

Source: the-blockchain.com