We Are Wasting 2 Trillion a Year Chasing Green Fantasies
By Bjorn Lomborg
August 11, 2024
Globally, we are already spending almost 2 trillion annually to try to force an energy transition. Despite much hype, the much-vaunted green energy revolution is failing to deliver on its promises.
In a New York Post op-ed published on Sunday, Bjorn Lomborg argues that we are wasting 2 trillion a year chasing green fantasies. Lomborg points out that global spending on renewables, nuclear energy efficiency, and low-emissions fuels like hydrogen has failed to make a significant impact on global emissions.
Lomborg argues that we need to focus on more realistic and cost-effective ways to reduce emissions, such as investing in research and development of new technologies. He also argues that we need to be more honest about the trade-offs involved in transitioning to a green economy.
Lomborg's op-ed has sparked a debate about the best way to address climate change. Some argue that we need to take more aggressive action to reduce emissions, while others argue that we need to focus on more cost-effective and realistic solutions.
The debate over how to address climate change is likely to continue for many years to come. However, it is important to have a honest and informed discussion about the costs and benefits of different approaches.
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