‘Follow the Science’ Leads to Ruin

Copenhagen Consensus Center President Bjorn Lomborg discusses global warming exaggeration on FOX Business.

Phasing out fossil fuel subsidies is an obvious target for the world’s next development goals.

The world spends $548 billion subsidizing fossil fuels, mostly in developing countries. A disproportionate share of the subsidies goes to the middle class and the rich – after all, they are the ones who can afford a car in poor countries.

Copenhagen Consensus Centre President Bjorn Lomborg says “it’s no big surprise” that Australia will face power shortages.

The AEMO has warned of power shortages across the country.

“We’ve been told that solar and wind is cheaper than fossil fuels,” Mr Lomborg told Sky News host Chris Kenny.

“But the reality, of course, is they’re only cheaper when the wind is blowing or when the sun is shining.

“You really have to take that into account, and when you do it, of course, it turns out that it’s much much more expensive.”