The High Cost of Green

Bjorn Lomborg he points out that the costs of our climate promises would be higher than the total tax intake of all governments across the world today, far exceeding the benefits of climate change mitigation.

Environmentalist Bjorn Lomborg says we waste money in the fight against climate change.

After the ravages of the coronavirus pandemic, the world will be spending trillions of dollars to get us back on track. Increasingly, campaigners and influential policymakers demand this spending be tied to climate goals. IMF chairwoman Kristalina Georgieva urges “We must do everything in our power to make it a green recovery,” and U.S. Democrats, the European Commission and many other countries are pushing ”Green New Deals.” These could cost us tens of trillions of dollars, and, unfortunately, will be one of the worst ways to help us recover.