See who gets trampled in the rush to save the planet from warming. Lomborg estimated the financial cost of mitigation efforts and also the opportunity cost in terms of real problems that might be addressed with a fraction of the money that is being spent (with the effect of increasing power prices and destabilized electricity grids).
The Paris Agreement on climate change will deliver little. Recent analysis shows that of almost 200 signatories, only 17 — including Algeria and Samoa — are meeting their commitments, mostly because they promised so little.
Yet this paltry achievement will be the most expensive policy in all of history, costing $1-2 trillion in lost growth each year by 2030.
Climate school strikes would make more sense if we had solved every other challenge. But this year will see 5.4 million children die before the age of five; a quarter billion kids out of school; almost a billion people starving, and more than two billion lacking water and sanitation.
Despite enthusiasm for Thunberg’s campaign among liberal newspaper editors in Europe and the USA, climate change comes dead last among priorities for the world’s poorest. The UN asked nearly 10 million people what mattered most. They said health, education, jobs and nutrition, and placed climate 16th of 16 priorities.
And then there is the collateral damage:
Deaths in the Third World due to corn taken out of the human food chain and put into petrol tanks.
Forests cut down to plant palm oil for the same purpose.
More forests cut down in north America to provide wood chips to burn in Europe for carbon credits.
The wildlife habitats destroyed to clear the ground for wind and solar factories (could any other industry get away with it?).
The carnage of birds and bats (where are the environmentalists on this one?).
The spectacular financial rorts in Spain, Ireland and most places where there are subsidies for CO2 mitigation strategies. Including the Pink Batts debacle.
The corruption of public debate by hysterical alarmists.
The teaching of lies about the weather to school children.
The threat to the credibility of science.
Some of those items were covered in the IPA book Climate Change: The Facts 2017, notably in the chapter by Matt Ridley, treated in two posts last June, one and two. Ridley focussed on the way the virtue signalling of the rich ends up hitting the poor both at home and abroad.