Green Electricity Costs a Bundle

Copenhagen Consensus Center President Bjørn Lomborg says global warming will have “mostly negative impacts”, but people need to have a “sense of proportion”.

“When temperatures rise, you’re going to see more heat, and hence more heatwaves and hence more heat deaths,” he told Sky News host Andrew Bolt.

“But what you don’t hear is that when temperatures rise, you also see less cold, less cold waves, and hence fewer cold deaths.”

We constantly hear how solar and wind energy is already cheaper than fossil fuels. A few months ago, Bloomberg Business declared that “wind power is now the cheapest electricity to produce in both Germany and the U.K., even without government subsidies.”

If renewable energy is cheaper than dirty fossil fuels, why isn’t everyone adopting them? Are we so irrationally addicted to polluting energy sources that we won’t even embrace cheaper and cleaner alternatives?

Subsidizing wind and solar wastes funds that would be better spent on R and D, adaptation and economic growth