The 1940-1970 cooling is natural, not man made:
“Interdecadal 20th century temperature deviations, such as the accelerated observed 1910–1940 warming that has been attributed to an unverifiable increase in solar irradiance (4, 7, 19, 20), appear to instead be due to natural variability. The same is true for the observed mid-40s to mid-70s cooling, previously attributed to enhanced sulfate aerosol activity (4, 6, 7, 12). Finally, a fraction of the post-1970s warming also appears to be attributable to natural variability.
…
A vigorous spectrum of interdecadal internal variability presents numerous challenges to our current understanding of the climate. First, it suggests that climate models in general still have difficulty reproducing the magnitude and spatiotemporal patterns of internal variability necessary to capture the observed character of the 20th century climate trajectory. Presumably, this is due primarily to deficiencies in ocean dynamics.”
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