Bjorn Lomborg: US needs to start fracking for energy independence

Joe Biden will rejoin the Paris climate agreement soon after being inaugurated as president of the United States. Climate change, according to Biden, is “an existential threat” to the nation, and to combat it, he proposes to spend $500 billion each year on climate policies — the equivalent of $1,500 per person.

The concept of trade-offs has become unfashionable. Politicians around the world like to pretend that their choices will bring us nothing but superlative benefits.

Nowhere is this whitewashing more pervasive or accepted than in climate change. There is a prevalent, comforting notion that we can have our cake and eat it too: that cutting carbon need not involve financial sacrifice.

The latest alarming news about climate change is that huge swaths of densely inhabited land will be underwater by 2050, with their cities “erased.” These reports – which appeared in The New York Times and many other media outlets – are based on a good research paper by scientists at Climate Central, but they get the story wrong.

This is part of a damaging pattern. Climate change is a man-made problem that we need to tackle, but many of the news stories about its purported effects are scaring us without justification and misleading us about how to act.