Meeting the Paris climate promises would create benefits worth $4.5-trillion (in 2023 dollars), at an annual cost of $27-trillion. Each dollar spent will avoid 17 cents worth of climate damage.
By Bjorn Lomborg, Wall Street Journal, Nov. 30, 2023
World leaders have gathered in Dubai for another climate conference, which will no doubt yield heady promises along the lines of the 2015 Paris climate agreement to keep the global temperature’s rise “well below” 2 degrees Celsius and pursue efforts to limit it to 1.5 degrees. But they’d be wiser not to. New research shows how extravagant climate promises are far more wasteful than useful.… Read more