Innovation not global regulation will save the planet

The disconnect between the global elite and the real world is growing by the day. Most people are worn down by the pandemic, food and energy price hikes and general inflation, and worried about recession. Yet the chattering classes are jetting into conferences at Davos or Aspen to declare that our biggest and most immediate threats are climate change, environmental disasters and biodiversity loss.

The UN Climate Summit in Lima achieved little, just like the previous meetings for more than 20 years. As the saying goes, “insanity is doing the same thing over and over again and expecting a different result.”

Starting in the 1990s, at the end of the Cold War, climate change became a fixation for rich-country politicians and elites.