After the Paris Climate Agreement was signed in 2015, the World Bank declared a perilous “new course,” vowing to lead the way on green financing.

Today, it funnels 44% of its funds — $42.6 billion annually — into climate projects, siphoning resources from the world’s most desperate needs.

Bjorn Lomborg, author of "False Alarm" and "Best Things First," joins me for a fact-based discussion about the actual–and manageable–long-term effects of climate change. His insights are a breath of fresh air compared to the hysteria coming from the left.

Journal Editorial Report: Paul Gigot interviews Bjorn Lomborg. 

At the Sept. 23, 2025, U.N. General Assembly, President Donald Trump drew global headlines by blasting what he called the "extreme cost" of the green transition, arguing that climate alarmism is impoverishing ordinary people while enriching elites. Whatever one thinks of Trump’s rhetoric, he touched on an inconvenient truth: despite endless assurances from campaigners and institutions like the U.N., World Bank, and World Economic Forum, wind and solar are still not delivering cheap energy. In fact, they are making electricity more expensive. 

Copenhagen Consensus President Bjorn Lomborg joined 'Varney & Co.' to argue that U.N. climate policies punish the world’s poor, warning that costly energy mandates and forced EV adoption ignore economic realities and hinder global development.

Mientras los líderes y personas influyentes se reúnen en Nueva York para la Asamblea General de Naciones Unidas (ONU) y la Semana del Clima, dos visiones incompatibles están a punto de colisionar: las élites del mundo rico obsesionadas con el cambio climático, frente a las naciones en desarrollo que luchan contra la pobreza, el hambre y las enfermedades.
 

Světoví lídři a vlivní lidé se sjíždějí do New Yorku na Valné shromáždění OSN a konferenci Climate Week, kde se střetávají dvě neslučitelné vize: elity z bohatého světa posedlé změnou klimatu a rozvojové země bojující s chudobou, hladem a nemocemi.

Over the past half-century, environmentalists have predicted countless calamities. Their extreme predictions were typically wrong, their draconian countermeasures turned out to be mostly misguided, and we should be grateful we didn’t follow their harmful advice. We need to keep this history in mind as we are inundated with stories of climate Armageddon.

You might have gotten the impression that the Great Barrier Reef—the aquatic wonder off Australia’s coast—is in grave peril. Last month, headlines shouted in unison: Great Barrier Reef suffers worst coral decline on record. Environmental journalists paint a picture of immense devastation driven by climate change.

The payoff in lives and hospital time saved runs at about 100 to 1 per dollar invested, which is a great deal by any standard. Vaccines save millions of lives every year. So it’s worrying that the U.S. government wants to cut funding for a key organization that enables immunization around the world.