Climate aid is a poor response to global challenges

Climate change is clearly an important global issue, but we are tackling it very badly and our overwhelming focus on reducing carbon emissions also distracts us from many of the world's most pressing problems. What makes it so hard to cut emissions is that CO2 is a byproduct of prosperous economies, and replacing cheap fossil fuels with today's mostly expensive and unreliable green alternatives remains incredibly expensive. An analysis for the government of New Zealand recently showed that achieving carbon neutrality by 2050 would cost the nation 16% of GDP.

By Bjorn Lomborg Wednesday, November 17, 2010 One of the scarier predictions about global warming is the suggestion that melting glaciers and ice caps could cause sea levels to rise as much as 15 to 20 feet over the next century. Set aside the fact that the best research we have - from the United Nations climate panel - says that global sea levels are not likely to rise more than about 20 inches by 2100. Rather, let's imagine that over the next 80 or 90 years, a giant port city - say, Tokyo - found itself engulfed by a sea-level rise of about 15 feet. (...)