The High Cost of Green

Discussions about development spending and reducing Bangladesh's climate vulnerability are often dominated—understandably—by politicians and donors. These are the decision-makers who affect how funds are spent.

Climate-alarmist politicians and the “intellectual elite” prioritize a vague plan for saving earth over the lives of struggling people all over the world. Governments are being forced to press their citizens, straining already fragile economic and agricultural systems, in order to appease a green utopian vision.

Bjørn Lomborg and Ralph Schoellhammer sit down with Jordan B Peterson to discuss the faults in this plan, and the people who are suffering because of it.

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.