Countries like Germany make a show of their virtue and insist that Africa remain impoverished.

Rich Western nations and their development banks love to parade their climate virtue and wag their fingers at Africa. They insist that the continent leapfrog from no energy to trendy renewables like solar and wind, even as wealthy nations run mostly on fossil fuels. With the biggest voting share in the World Bank, the U.S. has effective veto power over major decisions at the globe’s largest multilateral organization—and the moral duty to put its foot down.

Ask families in Germany and the UK what happens when more and more supposedly “cheap” solar and wind power is added to the national power mix, and they can tell you by looking at their utility bills: It gets far more expensive.

Subsidizing wind and solar wastes funds that would be better spent on R and D, adaptation and economic growth

Copenhagen Consensus Center Director Dr. Bjorn Lomborg discusses banks stopping virtue signaling on 'The Bottom Line.' #foxbusiness #economy #trump
 

Speaker Series: Climate Change Is Not an Emergency: A Discussion With Bjorn Lomborg

Getting to net-zero carbon emissions would benefit the average person. But the cost would be many times greater. For now, it makes no sense

As we approach Earth Day this Tuesday, it’s tempting to believe that the world is on the brink of environmental collapse. We are constantly inundated by dire predictions of climate catastrophe and warnings about the planet’s imminent destruction.

Over the past decade, the leaders of corporate and international organizations became used to being lauded for making grand but ultimately empty, green promises on stages in Davos and climate summits. How quickly things have changed. 

Fourth in a series: Climate change has a very small net negative effect on agricultural output, but the trend decline in malnutrition is so strong it won't be noticed