As another climate summit opens, two new studies show that extravagant climate promises are far more wasteful than useful. Bjorn Lomborg is a longtime critic of that agenda, though he isn’t averse to taking some measures to mitigate climate change. New research shows how extravagant climate promises are far more wasteful than useful. Climate economic models all show that moderate policies make sense — initial carbon cuts are cheap and prevent the most damaging temperature rise — but net zero doesn’t. Averaged across the century, delivering the Paris climate promises would create benefits worth $4.5 trillion (in 2023 dollars) annually.

Source: Wall Street Journal December 01, 2023 22:01 UTC