Democrats finally passed climate legislation, does it matter?

The Biden Administration wants to spend the equivalent of $1,500 per American per year on climate policies such as electric cars. At the same time, more than half of US citizens are unwilling to pay even $24 per year.

Bjorn Lomborg argues in an interview with Fox News that this is unsustainable. Instead, we need a cheaper and more effective climate approach, focusing on ramping up green R&D. If we can innovate the price of green energy below fossil fuels, countries such as India and China could also afford to lower their emissions.

Pope Francis’s much-vaunted Encyclical is rightly concerned with helping the world’s poorest. Climate change will have a bigger impact on poorer people. But the real question is which policies and investments would make the biggest difference for the most vulnerable.

Greg Cary speaks with Professor Bjorn Lomborg about global warming, the unnecessary panic caused and carbon tax. 24. August 2012, Australia