"Skeptical Environmentalist" opposes propping up EU carbon credits

This is an audio version of the essay Bjorn Lomborg and Jordan Peterson wrote for The Telegraph, which was published right before the COP27 conference.

2014-03-17 Germany is a showcase for how-not-to in green energy. It is pumping hundreds of billions of euros into subsidies for ineffective and unreliable solar panels and wind turbines that leave poor people struggling to pay their electricity bills and do almost nothing for the climate. 

Last week an extraordinary, scary story made climate headlines around the world: a melting Arctic could release an immense amount of methane that would dramatically increase global warming and cost the world a phenomenal $60tn. Fortunately, it is just a scare story. Of course, if you take an implausibly catastrophic event and run it through an implausibly pessimistic economic model, you can get headlines, but you don’t get good policy. The depressing reality is that current climate policies have failed.