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Today’s soaring energy prices are only the beginning
Energy prices are soaring, and it’s likely a sign of things to come. Costs will continue to rise if politicians remain bent on achieving net-zero emissions globally. The Bank of America finds that achieving net zero globally by 2050 will cost $150 trillion over 30 years. And this is likely an underestimate. Climate activists may not want to acknowledge these costs, but voters will force them to eventually.
Politicians in developing nations are frank about the trade-offs coming with more expensive and less reliable energy. India says it will only keep moving toward net zero if the rest of the world pays it $1 trillion by 2030, which won’t happen. Other developing nations are showing the same understandable reluctance. This means that without technological breakthroughs that make green energy much more competitive, achieving global net-zero emissions by 2050 will be impossible.
Read Lomborg's latest op-ed for The Wall Street Journal (also accessible here).
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Bjorn Lomborg recently debated David Wallace-Wells, author of "The Uninhabitable Earth," on the Megyn Kelly Show. They had a wide-ranging conversation about climate change - realism and alarmism.
Topics included the worst and best case climate change scenarios, whether climate change is the most important challenge facing humanity or not, America's impact vs. China and India's impact, debating our tangible climate future, celebrity hypocrisy, whether extreme weather events can be connected to climate change, what average Americans can do vs. what governments need to do, the true costs, how innovation can help, and more.
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50 years ago today, the UN warned that we had only 10 years left to avoid environmental catastrophe. Over the following five decades, we've been told incessantly that it's our “last chance” to “save humanity” before "climate change will destroy us." This message is not only spectacularly wrong but leads to panic and poor policies. Nonetheless, after a half century of stunningly incorrect predictions, climate campaigners, journalists and politicians still hawk an immediate apocalypse to great acclaim.
Five decades of panic clearly haven’t brought us anywhere near solving climate change. We need a smarter approach: one that stops scaring everyone and focuses on realistic solutions such as adaptation and innovation.
Read Lomborg's op-ed in The Australian, New York Post (USA), Financial Post (Canada), El Espanol (Spain), de Telegraaf (Netherlands), Svenska Dagbladet (Sweden), Jyllands-Posten (Denmark), Tempi (Italy), Portfolio (Hungary), The Punch (Nigeria), Listy z naszego sadu (Poland), El Tiempo (Colombia), Jakarta Post (Indonesia, print only) and La Tercera (Chile).
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In anticipation of World Tuberculosis Day, the World Health Organization cites Copenhagen Consensus research showing that for every dollar invested in TB, $43 is returned as social benefits.
Indeed, testing for and treating tuberculosis - which kills more people than HIV and malaria combined - delivers some of the most phenomenal returns across all areas of the world. In India, the most affected country in the world, improving detection and treatment can generate huge benefits for society. Put into monetary terms, every dollar spent produces social returns of more than $100. Yet, even before the pandemic, TB received just 5 percent of health-development spending for the world’s poorest. (We can only imagine that figure has decreased.)
Bjorn Lomborg made the case for funding cost-effective development solutions like tackling TB in newspapers around the world, including publications across the US (e.g. New York Post, Houston Chronicle, Detroit News, Tulsa World, The Times of Northwest Indiana and Jacksonville Journal-Courier), Economic Times (India), Financial Post (Canada), Göteborgs-Posten (Sweden), Berlingske (Denmark), Tempi (Italy), The Australian, Philippine Daily Inquirer, Jakarta Post (Indonesia), Perfil (Argentina), Milenio (Mexico), El Tiempo (Colombia), El Pais (Uruguay), El Comercio (Peru), La Tercera (Chile), Los Tiempos (Bolivia), La Prensa (Nicaragua), CRHoy (Costa Rica), El Periodico (Guatemala), La Prensa Grafica (El Salvador), The Nation (Kenya), Addis Fortune (Ethiopia), Bergens Tidende (Norway), Finmag (Czech Republic) and Portfolio (Hungary).
He and Saleema Razvi, Senior Economist at Copenhagen Consensus, recently presented research on TB at a conference on meeting India's target of TB eradication by 2025. You can read more about this in Business Standard.
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