Yes or No to a National Carbon Tax

Current climate action is more costly than inaction, even if politicians were smart. Bjorn Lomborg recently gave testimony to the US Senate in regard to the economic and budgetary consequences of climate change.The cost of climate action is likely to cost at least twice as much as climate inaction in this century. Lomborg presented how green energy research could show a way out of this dilemma.

Bjorn Lomborg he points out that the costs of our climate promises would be higher than the total tax intake of all governments across the world today, far exceeding the benefits of climate change mitigation.

The global economy must be transformed immediately to avoid catastrophic climate damage, a new United Nations report declares. Climate economist William Nordhaus has been made a Nobel laureate. The events are being reported as two parts of the same story, but they reveal the contradictions inherent in climate policy—and why economics matters more than ever.