This paper investigates several issues relating to global climatic cha
nge using statistical techniques that impose minimal restrictions on t
he data. The main findings are as follows: 1) The global temperature i
ncrease since the last century is a systematic development. 2) Short-t
erm variations in temperature do not have long-lasting effects on the
final realizations of the series; over time, stochastic perturbations
dissipate and temperature reverts to trend. 3) Multivariate tests for
causality demonstrate that atmospheric CO2 is a significant forcing fa
ctor. The implied change in temperature with respect to a doubling of
atmospheric CO2 lies in a range of 2.17-degrees to 2.57-degrees-C, wit
h a mean value of 2.34-degrees-C. The contributions of solar irradianc
e and volcanic loading are much smaller. 4) In a multivariate system,
shocks to forcing factors generate stochastic cycles in temperature co
mparable to the results from unforced simulations of climatological mo
dels. 5) Extrapolation of regression equations predict changes in glob
al temperature that are marginally lower than the results from climato
logical simulation models.