Bjorn Lomborg: EU plans to waste $7 trillion on climate policies that will make no noticeable difference
'Today’s policies to combat climate change cost much more than the benefits they produce' - 'For every dollar spent, the EU stands to avoid about 10 cents of damage. This does not mean that climate change is not important; it means only that the EU’s climate policy is not smart. Over the course of this century, the ideal EU policy would cost more than $7 trillion, yet it would reduce the temperature rise by just 0.05 degrees Celsius and lower sea levels by a trivial 9 millimeters [note even these tiny changes based on flawed models are highly exaggerated]. After spending all that money, we would not even be able to tell the difference.'
