Biden’s climate ‘fix’ is fantastically expensive and perfectly useless

Across the world, politicians are going out of their way to promise fantastically expensive climate policies. President Biden has promised to spend $500 billion each year on climate — about 13 percent of the entire federal revenue. The European Union will spend 25 percent of its budget on climate.

Most rich countries now promise to go carbon-neutral by mid-century. Shockingly, only one country has made a serious, independent estimate of the cost: New Zealand found it would optimistically cost 16 percent of its GDP by then, equivalent to the entire current New Zealand budget.

ArticlesClimate changeEnergyEnglishNew York Posthttps://nypost.com/2021/02/09/bidens-climate-fix-is-fantastically-expensive-and-perfectly-useless/Read the full article

via Bjorn Lomborg

https://ift.tt/3dgNadT

February 15, 2021 at 07:36PM

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