A new study shows that climate change policy could be “devastating… for the world, eradicating at least $250 trillion in welfare, or 5.4% of all future global GDP.”
Why? Because climate policy is usually misguided and expensive and there are other more pressing issues to solve in order to improve human welfare including health, education, and nutrition. In other words, climate policy is not the best way to improve human welfare.
According to researcher Bjorn Lomborg, GDP growth correlates highly with health indicators such as life expectancy and with under-5 mortality, as well as with education. Climate policies that harm GDP growth hurt the poor first and hamper their ability to improve their lot in life.
But what about the planet? Well, climate models are not conclusive that human activity is actually harming the earth. The media tells us that hurricanes, floods, wildfires and droughts are worse than ever but the data does not support that.
