Exaggeration About Global Warming Is Greater Than Ever

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. The rich world has seen an incredible development on the back of enormous increases in mostly fossil fuel energy. A couple of hundred years ago, most available power came from backbreaking human work. Even by the end of the 1800s, human labour made up 94% of all industrial work in the US. Today, it constitutes just 8%. If we think of the energy we use in terms of “servants”, each with...

Across the world, politicians are going out of their way to promise fantastically expensive climate policies. US President Joe Biden has promised to spend US$500 billion each year on climate policies－about 13 percent of the entire federal revenue. And the European Union has vowed to spend 25 percent of its budget to combat climate change. Most rich countries now promise to go carbon neutral by the middle of this century. Shockingly, only one country has made a serious, independent estimate of the cost: New Zealand found it would optimistically cost 16 percent of its GDP by then, equivalent to...