'Un día el automóvil eléctrico será un gran producto, pero no ahora'

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.

In an interview with Stuart Varney on the Fox Business Network, Bjorn Lomborg discusses these claims based on findings from his latest book False Alarm.* He argues that despite climate change, humanity will still be much better off at the conclusion of the century and presents smart strategies to tackle the problem.

The Biden Administration wants to spend the equivalent of $1,500 per American per year on climate policies such as electric cars. At the same time, more than half of US citizens are unwilling to pay even $24 per year.

Bjorn Lomborg argues in an interview with Fox News that this is unsustainable. Instead, we need a cheaper and more effective climate approach, focusing on ramping up green R&D. If we can innovate the price of green energy below fossil fuels, countries such as India and China could also afford to lower their emissions.