At last, a Plan B to stop global warming

Ahead of the Climate Action Summit that will bring together world leaders in New York on Sept 23, exaggeration about global warming is greater than ever. While some pundits continue, incorrectly, to insist that global warming is a made-up story, far more insist, also incorrectly, that we face an imminent climate crisis.

Across the world, politicians are going out of their way to promise fantastically expensive climate policies. US President Joe Biden has promised to spend US$500 billion each year on climate policies－about 13 percent of the entire federal revenue. And the European Union has vowed to spend 25 percent of its budget to combat climate change.

Environmentalists were aghast when President Donald Trump withdrew the U.S. from the Paris climate treaty, with some declaring that the very survival of our civilization was at stake. But is the Paris accord really all that stands between the planet and the worst of climate change? Certainly not.

This is not to deny that President Trump’s announcement was problematic. He failed to acknowledge that global warming is real and wrongly claimed that China and India are the “world’s leading polluters.”