Elites' Disconnect on Climate Change Fuels Strife

September 17 , 2022
By Bjorn Lomborg ( Bjorn Lomborg is the president of the Copenhagen Consensus and visiting fellow at Stanford University's Hoover Institution. )

The disconnect between the global elite and the real world is growing daily. Most people are worn down by the pandemic, food and energy price hikes and general inflation, and worried about recession. Yet, the chattering classes are jetting into conferences at Davos or Aspen to declare that our biggest, immediate threats are climate change, environmental disasters, and biodiversity loss.

This ignores most of our urgent crises. Almost a billion people are at risk of starvation this year, exacerbated by climate-concerned opposition to fertilisers made with fossil fuels. More than a billion school children have missed out on an average of nine months of learning because of lockdowns, which will cost their generation 1.6 trillion dollars every year by 2040. Millions in the rich world will unnecessarily die from undiagnosed cancer and heart disease ignored during COVID-19, while millions more in the poor world will die unnecessarily from malaria and tuberculosis, just like they always do.

If one is a wealthy, climate-concerned jetsetter with private health insurance and a recession-safe job, they do not need to worry about malaria, recession, waiting in line for cancer tests, or about their children falling behind when schools close again. Nor are these the issues that will get their attention or airtime.

Solving the real world’s big problems is messy, and progress is slow and unspectacular. It is far more exhilarating to make grand promises to save the entire world by going net zero or abandoning synthetic fertilisers.

Climate change is a real, human-made problem that deserves attention. It is also wildly overblown in the media, with every weather ‘event’ turned into a televisual catastrophe. Last year, newspapers overflowed with stories of devastating hurricanes. Yet, 2021 had the fewest hurricanes globally since satellites started consistently monitoring the world in 1980. Hundreds of deaths from heat waves top the news for days, as in Europe just now, even though the data shows everywhere many more people — 4.5 million globally — die from cold temperatures, often because of a lack of heating exacerbated by high energy prices.

The costs of the climate and environmental policies pushed at establishment talk-fests are quickly becoming unbearable. For decades, we have been told that ending fossil fuels is cost-free or even beneficial. Now, we are starting to see the immense economic and security costs of such untethered promises. Early pushback came in France with the ‘yellow vest’ protests.

The Netherlands has been roiled by protests since the government introduced policies that would decimate the agricultural industry in the name of the environment. The policies threaten the production of the world’s second-largest food exporter right when global hunger is rising, yet the government is unable to change course because environmentalists have taken legal action to lock in the lopsided policies.

It is even worse in Sri Lanka. Egged on by elite campaigners and the World Economic Forum to go organic, the government banned synthetic fertilisers in April 2021. Predictably, food production collapsed, and the currency defaulted. Large scale protests from hungry and dissatisfied citizens who overran the presidential palace have now forced the resignation of the government.

Solving many of these problems is not rocket science. The rich should stop making food more expensive by insisting on organics. They should stop making energy more expensive by dictating intermittent renewables. Instead, we should increase R&D into better seeds to deliver more food with a lower environmental footprint. We should drive green energy breakthroughs that could make drastic CO2 reductions cheap and feasible. And we should include the many other urgent crises that have simple and effective solutions — for instance for tuberculosis and for securing much better learning in schools across the world with computer-assisted teaching at the right level.

Unfortunately, the elite instead seems to double down on climate and environment, and the Netherlands and Sri Lanka are then just warnings of what will come. Net-zero will be the costliest policy that the world has ever embarked upon. The price tag just for paying for renewable assets and infrastructure alone will be more than five trillion dollars every year for the next three decades, according to McKinsey. This equates to more than one-third of the global tax intake. For the United States alone, one study shows that getting 80pc of the way to President Biden’s climate promises by mid-century would cost each American more than 5,000 dollars every year. Going all the way would likely more than double that cost.

Every year the EU has to pay 69 billion euros just in subsidies to support its renewables. But if the block persists — or is forced by courts — with its even stauncher net-zero promises, this price-tag could explode to more than one trillion dollars annually.

As in the Netherlands, governments are going to find themselves increasingly caught between environmentalists who use legal action to hold them to virtue-signaling vows, and working families who cannot cope with rising prices.

The wild increases in energy prices in Europe, although partly caused by poorly-designed climate policies, are mostly due to Russia’s indefensible war. But the cost of energy could increase even more, every year, and for everyone across the globe, if politicians double down on net-zero.

Even under today’s policies, European Union vice-president and long-time climate action advocate Frans Timmermans admits that many millions of Europeans might not be able to heat their homes this winter. This, he concludes, could lead to “very, very strong conflict and strife”.

He’s right. When people are cold, hungry and broke, they rebel. If the elite continues pushing incredibly expensive policies that are disconnected from the urgent challenges facing most people, we need to brace for much more global chaos.

PUBLISHED ON Sep 17,2022 [ VOL 23 , NO 1168]

Bjorn Lomborg is the president of the Copenhagen Consensus and visiting fellow at Stanford University's Hoover Institution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Put your comments here

Editors' Pick


Fortune news