Funding Wind and Solar Energy Is Inefficient

Across the world, politicians are now promising climate policies costing tens of trillions of dollars – money we don’t have and resources that are desperately needed elsewhere.

Yet, climate campaigners tell us, if we don’t spend everything on climate now, nothing else matters, because climate change threatens our very civilization. As President Biden says: climate change is "an existential threat".

Global warming is a significant, long-term problem. Unfortunately, we’re tackling it with very costly, and very ineffective, feel-good solutions.

Lomborg writes in The Australian that we should instead focus on cost-effective CO2 reductions like shale gas in the short term and green R&D in the long run.

In Wall Street Journal, Matt Ridley asks how rich countries can best help poor ones and identifies five goals with great bang for the buck based on the output from Post-2015 Consensus so far.