NPR: Fast forward 25 years, and Trenberth still sees changes in ocean temperature as key to understanding the ups and downs of global climate. That includes the current plateau in global temperature. Trenberth says, in fact, the planet has continued to warm during this time — but the heat has been flowing into the oceans, which have a vast capacity to absorb it. So will the oceans come to our rescue? “That’s a good question, and the answer is maybe partly yes, but maybe partly no,” [Kevin Trenberth] says.
Real Science rebuttal to Trenberth: 'In other words, he will be retired in 25 years and won’t need to make up idiotic excuses any more.'
Update August 31, 2013: Trenberth disputes: 'In our models such hiatus periods in terms of global mean surface temperature last up to 15 years; in the real world there is reason to believe they could last 20 years (total). We have a new paper submitted on this topic. In any case global warming continues: sea level keeps going up, and the ocean is warming, and ice is melting. But more heat is getting deposited deeper into the oceans.'