{"id":253876,"date":"2026-08-17T15:52:24","date_gmt":"2026-08-17T19:52:24","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?post_type=glossary-terms&#038;p=253876"},"modified":"2026-08-18T11:11:49","modified_gmt":"2026-08-18T15:11:49","slug":"pre-industrial-baseline","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/pre-industrial-baseline\/","title":{"rendered":"Pre-Industrial Baseline"},"content":{"rendered":"\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/ndcdyn.interactivebrokers.com\/mkt\/?src=glossGenAcc&amp;url=%2FUniversal%2FApplication\">Open Account<\/a><\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The pre-industrial baseline is the reference period against which contemporary global warming is measured, conventionally taken as the 1850 to 1900 average because that is roughly the earliest span with adequate instrumental coverage. Warming figures depend on which baseline is used, so the same month can be reported as 1.22\u00b0C above the twentieth century average and 1.38\u00b0C above the pre-industrial average, and contracts referencing temperature thresholds must specify both the baseline and the dataset. NOAA, NASA and Berkeley Earth each maintain their own global temperature series with somewhat different methods, and they can disagree enough to matter for whether a threshold is judged to have been crossed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/2025-global-temperature-prediction-markets-where-we-stand-in-may\/\">2025 Global Temperature Prediction Markets: Where We Stand in May<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/esg\/how-quickly-will-the-globe-warm-paris-agreement-forecast-contracts\/\">How Quickly Will The Globe Warm? Paris Agreement Forecast Contracts<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/what-do-prediction-markets-indicate-about-the-rhetoric-at-this-years-international-climate-conference\/\">What do prediction markets indicate about the rhetoric at this year\u2019s international climate conference?<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/ibkr-climate-energy\/when-are-scientific-claims-and-expert-assertions-untrustworthy-and-how-prediction-markets-can-help\/\">When are scientific claims and expert assertions untrustworthy? And how prediction markets can help.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pre-industrial baseline is the reference period against which contemporary global warming is measured, conventionally taken as the 1850 to 1900 average because that is roughly the earliest span with adequate instrumental coverage. Warming figures depend on which baseline is used, so the same month can be reported as 1.22\u00b0C above the twentieth century average and 1.38\u00b0C above the pre-industrial average, and contracts referencing temperature thresholds must specify both the baseline and the dataset. NOAA, NASA and Berkeley Earth each maintain their own global temperature series with somewhat different methods, and they can disagree enough to matter for whether a threshold is judged to have been crossed.<\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"traders-glossary":[13257,13251],"class_list":["post-253876","glossary-terms","type-glossary-terms","status-publish","traders-glossary-trading-terms-p","traders-glossary-trading-alphabet"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Archives Term | IBKR Glossary | IBKR Campus<\/title>\n<meta name=\"description\" content=\"The pre-industrial baseline is the reference period against which contemporary global warming is measured, 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