Cost worse than supposed problem.
Here’s former Greenpeace activist Bjorn Lomborg:
Research by climate economist Professor Richard Tol shows that carbon cuts big enough to keep temperature rises lower than 2 degrees Celsius (3.6 degrees Fahrenheit)–a target that the G-8 and many others argue is necessary–could cost a staggering 12.9% of global GDP in 2100. That is the equivalent of $40 trillion a year. Available estimates show that the welfare loss induced by global warming will be just $3 trillion per year by 2100. For each dollar spent on global carbon cuts, we buy two cents worth of avoided climate damage. The solution is far more costly than the problem.
Yes, but the world’s bureaucrats aren’t interested in “solving” climate change (even if it were a problem), rather they’re interested in a new form of global taxation.
