https://www.wsj.com/opinion/climate-change-colonialism-keeps-poor-countries-impoverished-5df0a568
Members of the Organization for Economic Cooperation and Development currently spend $223.7 billion a year trying to do good in poor countries through bilateral and multilateral aid and development spending. It is politically much easier for politicians intent on green spending to shift this money to climate purposes than try to get voters to go along with fresh outlays. Rich nations have diverted much of this funding to climate-change initiatives. OECD members spent one-third of their direct development aid on climate in fiscal 2021-22, the most recent year for which data are available. Development banks have twisted their purpose even further: The World Bank last year sent 44% of its lending to climate causes, the African Development Bank 55% and the European Investment Bank 60%.
This charade needs to stop. As part of President-elect Trump’s reforms to wasteful government, he should return development aid to policies that make a real difference.
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Advocates of green aid are right that climate change will hurt poor countries, but almost every other challenge these nations face—from hunger and poverty to disease and poor education—hurts them more. Typically, climate aid is the worst way to improve quality of life or prevent deaths. Some adaptations to extreme weather are prudent. Early-warning systems for hurricanes and dikes can deliver excellent benefits for each dollar spent. But most climate aid does little to help the developing world. What feeble returns it does bring are dwarfed by the good that could have been done if governments spent that money on direct development efforts such as expanding childhood vaccines or improving crops.
This is especially true for climate aid that goes toward emission cuts. The very poorest countries in the world are responsible for less than 0.5% of emissions. They don’t need decarbonization. They need growth, which requires access to copious, reliable energy. Given solar and wind power’s unreliability—and consequent reliance on expensive backup power—this will mostly have to come from fossil fuels. Denying these countries access to cheap and reliable energy is equivalent to condemning them to poverty.
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When he enters office, Mr. Trump can do a lot of good for the world’s most vulnerable if he refocuses development spending on smart investments with good returns and accounts for spending closely. Otherwise, poorer nations will suffer under a sort of climate colonialism as elites in Washington and Europe take money away from the fight against poverty and hunger to build their climate delusions.
Mr. Lomborg is president of the Copenhagen Consensus, a visiting fellow at Stanford University’s Hoover Institution and author of ‘Best Things First.’
