Funding green research is the most effective way to tackle climate change

In their bids to showcase climate leadership at the UN Climate Summit in Glasgow (COP26), leaders of rich nations are once again talking of ambitious carbon reduction targets. President Biden, for example, has reaffirmed his goal of creating “a carbon pollution-free power sector by 2035 and net zero emissions economy by no later than 2050.”

How much did climate change cost last year? One major charity says the answer is $US85 billion ($118bn). That claim was repeated by many newspapers — just as it was designed to — yet it is nonsense.

Bjorn Lomborg to comments on the Paris Treaty on Channel 4 News (UK). He explained that the promises in the Paris Treaty were never enough to get anywhere near the 2°C target.