Monday, July 25, 2022

How the Climate Elite Spread Misery

Most people are more worried about high gas and food prices, which green policies make worse

By Bjorn Lomborg. Excerpts:

"Across the world, low temperatures are much more dangerous than high ones: Half a million people die each year from heat, but more than 4.5 million die from cold. While rising temperatures will increase heat deaths, they will also decrease cold deaths. A recent Lancet study found that rising temperatures since 2000 have on net reduced the number of temperature-related deaths. Researchers concluded that by the end of the 2010s, rising temperatures globally were causing 116,000 more heat deaths annually, but also leading to 283,000 fewer cold deaths a year."

"Low-cost synthetic fertilizer is one of the greatest technologies humanity has invented for feeding the world, but it’s mostly made with natural gas. Even with almost a billion people at risk of starvation, climate-obsessed bureaucrats still object to producing more fertilizer because of the fossil fuels required."

"net-zero emissions. Achieving this globally by 2050 would cost more than $5 trillion a year for the next three decades, according to McKinsey. That would be one-third of total global tax revenue. If every American were to shell out more than $5,000 a year, it would only get the U.S. 80% of the way there by midcentury. Hitting 100% would likely cost more than twice that. The European Union already pays €69 billion a year in subsidies to support its renewables. But if the EU persists with its even stauncher promises of net-zero, that annual climate policy cost is likely to exceed $1 trillion."

"The policies to do so are innovation-focused. Policy makers need to recognize that they simply can’t eliminate fossil fuels with current technologies. The world gets almost 80% of its energy from fossil fuels, and even if all current climate policies were fully implemented, by midcentury fossil fuels would still provide more than half of all energy used world-wide"

"Instead of sending energy prices sky-high by trying to force a transition to renewables prematurely, policy makers should focus on funding research to develop clean energy sources that are actually affordable and reliable."

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