We are missing the forest for the trees on free trade

Over the past year, climate campaigners didn’t grow tired of claiming that the fossil fuel industry received “a whopping $5.2 trillion in subsidies” in 2017, equivalent to 6.5 percent of global GDP. Quoting an International Monetary Fund (IMF) report that suggests the US alone wastes $649 billion annually, Rolling Stone declared that “the United States has spent more subsidizing fossil fuels in recent years than it has on defense spending.“

To tackle climate change, rich nations are promising to end fossil fuel use in 29 years. As this becomes excruciatingly costly, the G7 is now thinking about making the world’s poor pay for it. That’ll go badly.

Febr 16, 2011: Food Security: The seed of solution is already here. Bjørn Lomborg argues that global warming’s effects on food scarcity can be addressed – and now. Furthermore, he paints a picture in which fewer people starve in the world, despite population growth. Here he sets out the action needed now.