Innovation not global regulation will save the planet

Copenhagen Consensus President Bjorn Lomborg argues that significant technological advancement will be the solution for climate change.

Climate activists and politicians constantly tell us electric cars are cleaner, cheaper, and better. Many countries, including the U.K., Germany, and Japan, will even prohibit the sale of new gas and diesel cars within a decade or two.

But if electric cars are really so good, why do we need to ban the alternatives? And why do we need to subsidize electric cars to the tune of $30 billion per year?

It turns out the percentage of the globe that burns each year has been declining since 2001.