Climate change is dangerous. That doesn't mean we have to spend money stupidly.

Bjorn Lomborg gave a presentation on climate change at a conference in Colorado. He explained that climate change won’t be as costly or devastating as we often hear in the media, and how detrimental the cost of current green policies is in comparison. To sustainably tackle climate change, we need a new approach.

Trying to showcase climate leadership at the U.N. Climate Summit in Glasgow, President Joe Biden is reaffirming his goal of creating “a carbon pollution-free power sector by 2035 and net-zero emissions economy by no later than 2050.” But that target will be prohibitively expensive. A new Nature study shows that a 95 percent reduction by 2050 — almost within reach of Biden’s net-zero — would cost 11.9 percent of GDP or more than $11,000 for each American every year.

The Texas rolling black-outs have become a Rorschach test where everyone sees what they’d like to see. Wind skeptics point out that wind turbines are frozen, renewable energy campaigners point out that gas, coal and nuclear power plants also cut out.  But the much more fundamental point is: Not having enough power when you need it can be deadly. This is relevant for the attempt by the Biden administration to get rid of fossil fuels in the electricity sector by 2035. It will create a lot of problems, especially if it is focused on intermittent renewables.