Climate Change, Poverty, and How Governments WASTE Your Money

For the past 30 years, the global approach to climate policy has been making grand promises and later mostly failing to live up to them. At his World Leaders Climate Summit, President Biden promised to cut about twice as much carbon as what Obama promised, which was hailed as decisive and bold climate action.

Even as the clean-up continues in the Atlantic Basin, a lot has been written about Hurricane Dean. Some commentators believe nature is sending us a message. They say that the effects of climate change are getting out of hand, and it is time to take action. We have heard this point many times before. With every "extreme weather event," passionate climate change activists ride a public wave of concern. Former Vice President Al Gore believes we must make drastic reductions in carbon emissions because weather-related disasters are on track to cost as much as $1 trillion by 2040. Mr.

To tackle climate change, rich nations are promising to end fossil fuel use in 29 years. As this becomes excruciatingly costly, the G7 is now thinking about making the world’s poor pay for it. That’ll go badly.