To say "the remaining carbon budget for 1.5°C is 440 GtCO₂" [add favorite number] is highly misleading

Taking a narrow 67–33% range, the value is 230–670 GtCO₂, but full range (left) could be −1000 - 2000 GtCO₂... (yes, could be negative or huge)

1/

https://t.co/T9GvpoH0l8

When I wrote "studies ranging from −100 to about 800 GtCO₂" back in 2018 I was being very conservative (there were no full uncertainty analyses then) https://t.co/KhyA1rYpDJ

Good to see papers (now) being much more explicit about the uncertainty & range...

2/
I have problems with the remaining carbon budgets presented as a single number, instead of a range. Is there any other climate variable presented as a one-sided probability? The ECS, eg, is presented as a range.
https://t.co/KhyA1rYpDJ

Good to see the authors use ranges!

3/
The uncertainties on remaining carbon budgets are huge. Let that sink in.

There is a decent chance the remaining carbon budget for 1.5°C is negative... (ie, too late)

[The uncertainties here are 33-66%, IPCC would usually take "likely" which is more like 16-84%]

4/
Many of these issues were discussed by me https://t.co/KhyA1rYpDJ & @Oliver_Geden https://t.co/Kj7heJTALN

Back in 2016 I raised many of the same issues: https://t.co/bjOnjQWOqc

[I guess I should publish articles & not commentaries, as perhaps people would read them...]

5/
Here is a blog where I discuss many of these issues, including the uncertainties & the existence of negative remaining carbon budgets for 1.5°C [coincidentally from the model that gave the small budget for 1.5°C in AR5, oh, wonder why...]
https://t.co/6H4k5GTHf6

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A THREAD ON @SarangSood

Decoded his way of analysis/logics for everyone to easily understand.

Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen

1. Keeps following volatility super closely.

Makes 7-8 different strategies to give him a sense of what's going on.

Whichever gives highest profit he trades in.


2. Theta falls when market moves.
Falls where market is headed towards not on our original position.


3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result

He believes in a market operator, if market mover sells volatility Sarang Sir joins him.


4. Theta decay vs Fall in vega

Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.