Why Do We Fixate on Climate Rather Helping the World's Poor?

Each year, Bangladesh spends more than Tk. 72,000 crore on government procurement. That includes paying for anything from Padma Bridge to pencils for government offices and everything in-between. Imagine if this process could be done just 1 percent more efficiently - that would save Tk. 720 crore. As it turns out, it can likely be improved by closer to 10 percent, saving billions of takas that could pay for other projects or services.

President Biden enthusiastically describes his administration's new Inflation Reduction Act as "the most significant legislation in history to tackle the climate crisis." Curiously though, neither officials nor media praising the IRA are stating the actual climate impact of spending $369 billion on the bill's climate provisions.

Copenhagen Consensus president Bjorn Lomborg explains the impact of the Democrats' spending bill on the environment on 'Kudlow.'

While solar and wind energy use has increased to their highest-ever levels, consumption of fossil fuels has not declined