XPost: sci.environment, alt.politics.usa.republican, alt.fan.rush-limbaugh   
   XPost: talk.politics.guns, sac.politics   
   From: democrat-insurrection@mail.house.gov   
      
   https://nypost.com/2025/01/19/opinion/climate-change-fanatics-want-to-   
   bankrupt-the-entire-world-for-little-to-no-reward/   
      
   Across the world, public finances are stretched dangerously thin. Per-   
   person growth continues dropping while costs are climbing for pensions,   
   education, health care and defense.   
      
   These urgent priorities could easily require an additional 3%-6% of GDP.   
   Yet green campaigners are loudly calling for governments to spend up to   
   25% of our GDP, choking growth in the name of climate change.   
      
   If climate Armageddon were imminent, they would have a point. The truth is   
   far more prosaic.   
      
   Two major new scientific estimates of the total global cost of climate   
   change have been published recently.   
      
   These are not individual studies, which can vary greatly (with the   
   costliest studies getting copious press coverage). Instead, they are meta-   
   studies based on the entirety of the peer-reviewed literature.   
      
   One is authored by one of the most cited climate economists, Richard Tol;   
   the other is by the only climate economist to win the Nobel prize, William   
   Nordhaus.   
      
   The studies suggest that a 3 degree Celsius temperature increase by the   
   end of the century — slightly pessimistic based on current trends — will   
   have a global cost equivalent to between 1.9% and 3.1% of global GDP.   
      
   To put this into context, the United Nations estimates that by the end of   
   the century, the average person will be 450% as rich as he or she is   
   today. Because of climate change, they will feel “only” 435%-440% as rich   
   as today.   
      
   Why is this so different from the impression we have been given by the   
   media?   
      
   Alarmist campaigners and credulous journalists fail to account for the   
   simple fact that people are remarkably adaptable and tackle most climate   
   problems at low cost.   
      
   Take food: Climate campaigners warn we’ll starve, but research shows that   
   instead of a 51% increase in food availability by 2100 if there were no   
   climate change, we are on-track for “only” a 49% increase.   
      
   Or weather disasters: They killed half a million people annually in the   
   1920s, whereas the last decade saw fewer than 9,000 fatalities each year.   
      
   The 97.5% reduction in mortality is because people are more resilient,   
   because they’re richer and can access better technology.   
      
   Extremist climate campaigners and far-left politicians reveal their true   
   colors when they push for “de-growth” to cut emissions.   
      
   Making people worse off and reversing gains against extreme poverty would   
   be a tragic mistake, making it harder to address all our other problems.   
      
   Moreover, it is laughable to envision that the West’s strategic   
   adversaries like Vladimir Putin will embrace a similar approach.   
      
   More responsible politicians “only” want to achieve net-zero carbon   
   emissions by 2050. But this approach still means slowing growth in the   
   name of climate change, by forcing businesses and individuals to use less-   
   efficient green energy instead of fossil fuels.   
      
   The total costs would be enormous, $15 trillion to $37 trillion each year   
   throughout the century, equivalent to 15%-37% of global GDP today.   
      
   Given wealthier OECD countries will foot most of this bill, the price-tag   
   will be the equivalent to each person in the better off nations paying   
   north of $10,000 every year.   
      
   The real cost of inefficient climate policy is that it distracts resources   
   and attention from other priorities.   
      
   Europe offers an abject lesson. Twenty-five years ago, the European Union   
   proclaimed that with massive investments in R&D throughout the economy, it   
   would become “the most competitive and the most dynamic knowledge-based   
   economy in the world.”   
      
   It abjectly failed: Innovation spending hardly budged and the EU is now   
   far behind the US, South Korea, and even China.   
      
   Instead, the EU switched focus and with a near-myopic climate obsession   
   opted for a “sustainable” economy over a sound one.   
      
   The EU’s decision to increase its 2030 emission reduction targets was pure   
   virtue signaling.   
      
   The cost is likely to top several trillion Euros, yet the entire effort   
   will merely reduce temperatures by the end of the century by a trivial   
   0.008-degrees Fahrenheit.   
      
   Not focusing on innovation has stunted Europe. The Euro area has seen   
   anemic annual growth over the past decade of just over 1% per person.   
      
   For the two trillion euros it has spent on symbolic climate policy, the EU   
   could have lived up to its own innovation spending targets for two   
   decades.   
      
   Investment in innovation could have made the EU and the world €60 trillion   
   richer in the long run, generating 500 times more benefits than its   
   symbolic climate policy benefits.   
      
   Crucially, it would have allowed the EU more leeway to tackle other key   
   challenges like pensions, education, health care, and defense.   
      
   The rest of the world needs to pay heed to Europe’s example, and stop   
   wasting money on bad climate policies.   
      
   Bjorn Lomborg is President of the Copenhagen Consensus, Visiting Fellow at   
   Stanford University’s Hoover Institution, and author of “False Alarm” and   
   “Best Things First.”   
      
      
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