Electric Car Subsidies Are A Bad Investment

The rich world’s fossil fuel hypocrisy is on full display in its response to the global energy crisis triggered by Russia’s invasion of Ukraine. While the wealthy G7 countries admonish the world’s poor to use only renewables because of climate concerns, Europe and the United States are going begging to Arab nations to expand oil production, Germany is reopening coal power plants and Spain and Italy are ramping up African gas production. So many European countries have asked Botswana to mine more coal it will have to triple its exports.

After two weeks, huge amounts of political rhetoric, and much activity behind closed doors, we have a treaty. While there will be celebrations among activists, the Paris Treaty will do very little to rein in temperature reductions.

The Paris Treaty promises to keep temperature rises below 2°C. However, the actual promises made here will do almost nothing to achieve that. It is widely accepted that to keep temperature rises below 2°C, we have to reduce CO₂ emissions by 6,000Gt.

How do we best spend our scarce resources to do good in the world?

In his talk to Reason Foundation, Lomborg takes you though how to prioritize the solutions to some of the world's greatest problems.