Trillion-Dollar Climate Policies Far Outweigh Their Negligible Benefits
Turns out climate spending costs the world more than climate change does.
by Bjorn Lomborg Jan 21, 2025
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. [emphasis, links added]
These urgent priorities could easily require an additional three to six percent of GDP. Yet green campaigners are loudly calling for governments to spend up to 25 percent 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 scientific estimates of the total global cost of climate change have been published recently. These are not individual studies, which can vary (with the costliest studies getting copious press coverage).
https://climatechangedispatch.com/trillion-dollar-climate-policies-far-outweigh-their-negligible-benefits/