Tuesday, January 18, 2022
HomeMiddle ColumnUN Paris climate deal 'is likely to be history’s most expensive treaty'...

UN Paris climate deal ‘is likely to be history’s most expensive treaty’ – ‘Cost of between $1 trillion and $2 trillion annually’

-

http://www.wsj.com/articles/about-those-non-disappearing-pacific-islands-1476400840?mod=djemMER
Bjorn Lomborg:

Even more insidiously, doom-mongering makes us panic and seize upon the wrong responses to global warming. At a cost of between $1 trillion and $2 trillion annually, the Paris climate agreement, recently ratified by China, is likely to be history’s most expensive treaty. It will slow the world’s economic growth to force a shift to inefficient green energy sources.

This will achieve almost nothing. My peer-reviewed research, published last November in the journal Global Policy, shows that even if every nation were to fulfill all their carbon-cutting promises by 2030 and stick to them all the way through the century—at a cost of more than $100 trillion in lost GDP—global temperature rise would be reduced by a tiny 0.3°F (0.17°C).

… 

Tackling issues like poverty, health care, corruption and domestic violence would do even more. Those who seek to help should keep the bigger picture in mind.

Mr. Lomborg, director of the Copenhagen Consensus Center, is the author of “The Skeptical Environmentalist” (Cambridge Press, 2001) and “Cool It” ( Knopf, 2007)

- Advertisment -

Related Articles

Norway: Record Oil & Gas Export Revenue in 2021! How Else Could They Have Funded Massive EV Subsidies?

Guest “Irony can be so ironic” by David Middleton Norway Announces Record Oil & Gas Revenues in 2021 January 14, 2022 by David NikelHome » News from Norway » Norway...

President Joe Biden Resumes Oil and Gas Leasing in Response to Court Ruling

The court initially found the administration’s moratorium on issuing new leases was illegal in June, but the Biden administration ignored the court’s decision until...

Winter Will not Loosen Its grip Anytime Soon in the Eastern US

…very cold and active pattern next couple of weeks to include a weekend storm threat