The Electric Car’s Short Circuit

2013-03-14 "Propping the price of carbon permits is wrong," said Bjorn Lomborg, director of Copenhagen Consensus Center, a think tank, and an adjunct professor at Copenhagen Business School. He said higher carbon prices would damage the EU economy and would not help to achieve any significant climate goals. 

Access to electricity is critical for a modern economy, and a key driver of social and economic development. Lighting, health, education, productivity, labour participation, enterprise development and income generation, all improve when households are provided with access. In India, rural areas had electrification rates of 74% compared to 97% in urban areas in 2016.

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.