Net zero’s cost-benefit ratio is crazy high

President Trump recently hosted “Technology Week” at the White House, focusing on “modernizing government technology and stimulating the technology sector.”

Behind this string of photo-ops is the unfortunate reality that Trump’s 2018 budget request has proposed the steepest funding cuts for federal research and development in US history.

The proposed budget would reduce funding for the Agricultural Research Service in the Department of Agriculture by 26 percent, which would lead to the closure of 17 research centers.

Copenhagen Consensus Centre President Bjorn Lomborg says “it’s no big surprise” that Australia will face power shortages.

The AEMO has warned of power shortages across the country.

“We’ve been told that solar and wind is cheaper than fossil fuels,” Mr Lomborg told Sky News host Chris Kenny.

“But the reality, of course, is they’re only cheaper when the wind is blowing or when the sun is shining.

“You really have to take that into account, and when you do it, of course, it turns out that it’s much much more expensive.”

The outcome of the UN Climate Summit in Glasgow (COP26) has been criticised by commentators as unambitious, with some like the delegates from Pacific island countries calling it a 'monumental failure'. Even the summit's host Boris Johnson admitted the deal was 'tinged with disappointment'. This is hardly surprising. Historically, most climate promises have fared badly.