Expert calls out World Bank for ‘really wrong’ climate change initiatives

The devastating Russian invasion of Ukraine has captured global attention. While the world’s focus is rightly on the human toll and suffering, the crisis has highlighted the need to end reliance on Russian oil and gas. To achieve that ambition, we must be pragmatic and invest in sensible alternatives, not engage in wishful thinking about renewable energy.

In an effort to minimise the effects of climate change, countries in the developed world are chasing net-zero at all costs, causing high energy prices and reduced energy consumption. The problem? In this video, Bjorn Lomborg explains how, across the world, it is countries with the highest energy consumption that create the most wealth, and it is those with the most wealth that are most able to care for the environment. By enacting policies that reduce energy availability and increase cost, the 'net-zero' agenda is preventing the very thing it aims to achieve.

When considering climate change, most people think wind turbines and solar panels are a big part of the solution. But, over the next 25 years, the contribution of solar and wind power to resolving the problem will be trivial – and the cost will be enormous.