Economist Blasts Paris Treaty $100T Price Tag: ‘Not a Good Deal’

$100 trillion for a 0.3 degree temperature drop.

That’s a price tag that sounds acceptable to liberals, but not to everyone. An economist and environmentalist who says man-made climate change is real still argues that is “an incredibly expensive way to do almost no good.”

Self-proclaimed “skeptical environmentalist and” president of the Copenhagen Consensus Center Bjorn Lomborg appeared on FBN’s Varney & Company on Feb. 14, to discuss The Paris Agreement. He advised the new president to drop the agreement and focus on other solutions. He also criticized the expense of the deal, for what it would supposedly do to temperatures.

“If everyone does all they promised and do it all the way through the century, we'll reduce temperatures by end of the century by 0.3 degrees Fahrenheit,” Lomborg said. “Yet the costs will be somewhere between $1 trillion and $2 trillion a year. Paying $100 trillion for no good is not a good deal.”

Lomborg recommended that President Donald Trump drop the Paris Agreement but added that “if you want to do something about climate” then we must “invest in research and development into green energy sources.”

He said the debate about the Paris Agreement is “about identity politics. It’s about feeling good… but the climate doesn’t care about how you feel. It’s about doing good.”

That U.N. climate treaty was approved in late 2015 and signed by former President Obama in April 2016. Reuters reported the deal’s terms began to take effect Nov. 4, 2016.

The liberal media have exaggerated the supposed positive impacts of the agreement. NBC’s Ron Allen praised Obama’s support for the climate agreement and claimed it was “designed to stop” storms like Hurricane Matthew. But the idea that global warming causes or worsens hurricanes is disputed and unclear — as The Washington Post admitted “the science isn’t settled” on hurricanes. PBS’s Judy Woodruff promoted the idea of “the interconnection” between “climate change” and hurricanes.

Lomborg has stated his view that climate change is a real man-caused phenomenon but he disagrees with many others who share that view. In 2010, he wrote the book Cool It: The Skeptical Environmentalist’s Guide to Global Warming (he is in a movie of the same name) which discussed more cost-effective solutions for climate change and the need for people to stop censoring dissenting views. 

James Powers
James Powers is an intern in MRC Business.