Green Electricity Costs a Bundle

John & Ken had another fascinating interview with environmentalist Bjorn Lomborg, president of the Copenhagen Consensus and a visiting fellow at Stanford University’s Hoover Institution. His latest book is “False Alarm: How Climate Change Panic Costs Us Trillions, Hurts the Poor, and Fails to Fix the Planet.”

Ghana's economic growth has been rapid since the start of the new millennium, reaching 14% in 2011, but economic performance has been relatively lower since then, particularly from 2013-2016. Important factors for the slowing of development are the huge infrastructural deficit and the limited fiscal space, but Ghana has the potential for improvement thanks to its large natural resource deposits.

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.”