While Failing to Save the Planet

Dr. Peterson and Dr. Lomborg read their article most recently published in the Telegraph. Together, they discuss how those who hypothetically lead us on the environmental front are actually failing to save the planet at this years Climate Change conference.

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Dr Bjorn lomberg and I co-wrote the Article we are jointly about to present To you recently for the UK newspaper the Telegraph where it was also published in Print and online Dr lomberg Who runs a think tank in Denmark known as The Copenhagen Consensus is in my estimation The most reliable commentator on the Environmental stewardship front in the World and he and his compatriots are Responsible for most of the ideas in This piece but first a bit of an Introduction What is environmental stewardship It is a set of conceptions and actions Based on the idea that human beings are Part of the natural world not beings Foreign to it And that we have a responsibility to Ensure that our short-term activities do Not compromise our futures by for Example compromising the viability of The natural systems we all depend upon But Dr lomberg is no careless activist Quite the contrary he has done more than Anyone else to examine the multitude of Problems that confront us on the Environmental front well simultaneously Taking into account economic necessity The moral and practical responsibility We have to provide people with for Example education opportunity And security

Dr lomberg and the experts in his group Have conducted very careful cost-benefit Analysis of a number of projects deemed By a variety of global leaders to be in The world’s best interest And they have rank ordered such Approaches By return on investment in other words They have attempted to determine where We might spend our money on improving The lot of the poor to take a prime Example and do the most good in the most Efficient manner possible And that efficiency far from being a Mere practical and cold-hearted Consideration Is precisely what increases the chances That any good at all will actually be Done which is a very difficult thing to Manage and that simultaneously allows us To do more good as we can serve more Resources to do so The requirement for such an analysis Seems self-evident although it is rarely Done the utility of all spending needs To be assessed regardless of amount And that is particularly true when Billions or even trillions of dollars Are at stake and the fate of the very Economies that sustain us hang in the Balance We are all confronted with a constant Story about the catastrophe that faces The planet particularly on the carbon

Front It is simpler and in some sense more Immediately morally rewarding to reduce The complexity of planetary management To the need to reduce our so-called Carbon footprint but the plain truth of The matter is that a multitude of Troubles beset us both economically and Environmentally We therefore require people like Dr Lomberg to think about many issues Simultaneously to produce a plan and to Help us move forward in the most Beneficial manner possible I would recommend That those of you who are truly Interested in such things familiarize Yourself with his work you could start With the smartest Targets in the world Which is a summary of The Copenhagen Consensus think tanks attempt to Prioritize our action and detention in The world on the economic and Environmental front and with that we’ll Turn our attention to the aforementioned Telegraph article and discuss how those Who hypothetically lead us are failing To save the planet at this year’s U.N Climate change conference known as cop27 Why 27 because this is literally the 27th time that such a group has been Convened and as you will soon see or Hear very little has been accomplished And much time and money wasted in

Consequence quote insanity is doing the Same thing over and over again and Expecting different results This famous quote often misattributed to Albert Einstein might very well become The Unofficial motto of the U.N climate Change conference in Egypt the 27th Session of the conference of parties So-called cop 27. Global carbon dioxide Emissions have kept increasing since the World’s Nations first committed to reign In climate change at the Earth Summit in Rio de Janeiro in 1992 despite dozens of Climate Summits and the global climate Agreements struck in Kyoto and Paris This is the case once again in 2022 when We will collectively set a new emissions Record while rich countries increasingly Promise Draconian cuts and then Generally backtrack as they import huge Amounts of oil gas and coal to save Their citizens from energy poverty as They have done most recently to address The current energy crisis most of the Future emissions will come from the Currently poorer countries in Asia and Africa as they power their climb out of Abject poverty in the previous 10 years The world has focused more on Remediating climate change than ever Before despite this we’re not achieving Anything although no shortage of money Has been wasted and a surprisingly Honest review of climate policies the

U.N revealed a lost decade the report Found that it couldn’t tell the Difference between what has happened and A world that adopted no new climate Policies since 2005. consider that All those climate Summits and grandiose Promises all that expense and trouble No measurable difference whatsoever this State of affairs is unsurprising Unfortunately because today’s renewable Energy sources have two big problems First they occupy a vast amount of space Often displacing nature replacing a Square yard of gas-fired power plant Requires 73 square yards of solar panels 239 square yards of unsure wind turbines Or an astonishing 6 000 square yards of Biomass one study found that the United States would have to devote a land area Four times the size of the United Kingdom to clean power to fulfill President Biden’s promise of a Carbon-free economy by 2050. Second and of even greater importance The two Renewable Energy Technologies Favored by the vast majority of Environmental activists are intermittent Or unreliable solar energy simply isn’t Produced when it’s overcast or nighttime Wind energy requires a breeze we’re Often told by Green energy boosters that Wind and solar energy are cheaper than Fossil fuels at best that is only true When the wind is blowing of the sun is

Shining on a windless Dark Night the Cost of wind and solar power Rises to The infinite it is for such reasons that It is deeply misleading although highly Convenient to compare the energy costs Of wind or solar to fossil fuels only When it is windy or sunny It is also important to note that since All solar energy is sold at essentially The same time when the Sun is up and Shining its value drops dramatically When solar reaches 30 percent market Share in California for example as one Study revealed it loses two-thirds of Its value Furthermore because modern societies Require 24 hours of non-stop power Backup is not optional and that means Reliance on fossil fuels when there’s no Sun or when as more sun and wind is Introduced more fossil fuel backups Become ever more expensive as they offer Their services for fewer hours to Produce the necessary return on Capital And what it batteries Globally we have battery storage with Current capacity to store one minute and 15 seconds of the world’s electricity Consumption and that problem will not be Ameliorated soon even by 2030 Global Batteries will only cover less than 11 Minutes of the global electricity Consumption and all of this just shows The problems with moving electricity

Away from fossil fuel when Biden Promises ambitiously that all of America’s electricity will come from Renewable sources by 2035. He is addressing the comparatively Simple part of the climate challenge Electricity constitutes just 19 percent Of total energy use We’re far further behind in developing Solutions for agriculture manufacturing Construction And transportation Of these the latter transportation is Most often discussed by Environmentalists and virtue signaling Politicians who insist that the solution Is already at hand Electric vehicles Despite massive subsidies however just 1.4 percent of cars globally are Electric and that number is not Rising Quickly The Biden Administration itself Estimates that battery electric cars Will make up less than 10 percent of Total U.S automobile stock by 2050. the Scenario for the entire world is that Less than one-fifth of all Global cars Will be battery electric by 2050. we Should remember as well That we simply do not yet have electric Tractors or heavy trucks or airplanes or Ships And that means that all the fossil fuel

Infrastructure that allows such Machinery to operate will have to stay Intact for our supply chains to continue Their current necessary operations and Our turbocharged on electric cars will Produce very little impact on the Climate the International Energy agency Estimates that the world would produce 235 million fewer tons of carbon dioxide If we achieve all our ambitious stated Transport electrification Targets in This decade The reduction Will lower global temperatures by one Ten thousandth of a degree celsius by The end of the century according to the Un’s own climate panels model tackling Climate change with current technology Is essentially impossible this means That climate policy makers Tinker at the Margins offering deceptive Solutions and Moral grandstanding this pattern has Been repeated for three decades most of The promises made in Rio de Janeiro in 1992 and in Kyoto in 1997 were Disregarded a 2018 study found that only 17 of the 157 countries that pledged Emission Cuts in the Paris agreement Passed laws mandating the required Action which nations Algeria Canada Costa Rica Ethiopia Guatemala Indonesia Japan North Macedonia Malaysia Mexico Montenegro Norway Papua New Guinea Peru Samoa Singapore and Tonga these are not

The Nations that will change Global Emissions even if every country did Everything promised in the original Paris agreement the emission cuts by 2030 would constitute just one percent Of what is necessary to keep Temperatures Rising under the two degree Target Failure however Has not made politicians or the people They serve more careful Or more adamant about searching for Better Solutions Instead they we have doubled down making Ever more ludicrous but emotionally Attractive pledges despite zero chance Of either their implementation or their Success if implemented attempting to put Forward the much heralded and Off-trumpeted vision of a zero carbon Dioxide emission World whether by 2035 Or 2050 would be so ruinously expensive That extensive Style riots the kind we saw in Paris are Certain long before the goal is reached The New Zealand government promised Carbon neutrality by 2050. they then Commissioned a report to estimate the Cost of doing so sequence of Affairs That should perhaps have been reversed The results even if implemented Efficiently the cost by 2050 will be 16 Of total annual gross domestic product a Figure higher than that of the entire

Current annual National budget And that cost will be incurred every Year that’s nothing but a pathway to Less prosperity and treading down such a Pathway will produce a host of secondary Consequences including serious civil Unrest that will not be in the least Beneficial to the planet The renowned scientific journal Nature Recently published a study indicating That getting 80 of the way to Biden’s Promised climate Utopia by mid-century Would cost every American more than five Thousand dollars per year the same Americans who are willing to pay only a Fraction of that about 177 dollars per Year according to research published by The Yale program climate change Communication in the journal Environmental Research letters getting To a hundred percent would more than Double that cost it’s no surprise that Hypothetically green-minded politicians Invents little enthusiasm for Investigating the true cost of their Preposterous and self-serving promises If we do care about fixing this Challenge we need to change course Pretending that the proper technological Answer currently exists and it’s not Being implemented because we lack Conviction and willpower as Reckless and Misleading worse it stops us from Pursuing real solutions to the many

Problems that confront us only one of Which is climate change dozens of the World’s top climate economists and three Nobel laureates and economics recently Evaluated a whole gamut of climate Solutions for the think tank Copenhagen Consensus continuing to do what the EU Has been doing cutting carbon emissions With a mix of market and planning Dictats means spending one pound to Avoid a mere three Pence of long-term Climate damage that’s partly because Cutting CO2 output and the rich and Already efficient producing EU is Impractically expensive and partly Because EU climate policies are much More inefficient than necessary the EU Prefers to use solar and win so example To cut ton of CO2 over the more Efficient option of switching from coal To Natural Gas the noble Laureate and Climate Economist instead determine that Investment in green energy Invasion Comprise the best long-term investment Why consider how the world worried over Starvation in the 1960s and 70s if we’d Approached that problem like we’re Approaching climate remediation we would Have required the rich to eat less while Serving their leftovers to the poor that Would have failed as our current Approaches will fail disastrously what Worked instead the Green Revolution the Innovative development of high yielding

Crops we thereby increased World grain Production by 250 percent between 1950 And 1984 raising the calorie intake of The world’s poorest people and reducing The incidence of serious famines Innovative thinkers tackled the problem Head on instead of tinkering around the Edges Innovation meant producing more With less instead of require hiring People to make do with less would be and Even genuinely looming catastrophes have Been continually pushed aside throughout Human history because of innovation and Technological development it’s Innovation that gave us security and Prosperity and that continues to drive The growth and the increased efficiency Of the world’s largest economies in General unfortunately investment in Long-term Innovation is underfunded Because it is hard for private investors To capture benefits in areas where Long-term Innovation on the private Front can be underfunded because of the Difficulties in monetizing benefits in The sufficiently short time frame public Investment and support is often Warranted A recent example and a stellar success On the climate Innovation front The 10-year 10 billion dollar U.S public Investment in Shale gas which originated Under President George W bush Remarkably this endeavor was not planned

As part of the policy of climate change Remediation Nonetheless it led the way for a Production surge with all the attended Economic benefits particularly for the Poor that allowed natural gas to become Cheaper than the dirtier coal it Partially replaced Energy derived from natural gas Produces approximately half the carbon Dioxide of coal The consequence the U.S Has the best record of carbon dioxide Emission reduction of any country in the Past decade and simultaneously reduced Its Reliance on foreign suppliers of Uncertain reliability and cost everyone In principle agrees that we should be Spending much more on R D however the Fraction of rich countries GDP actually Invested into green r d has halved since The 1980s why Putting up inefficient solar panels and Wind turbines offer the opportunity for Good photo ops and allows those who lead To convince us of their dedication to Action while funding researchers Requires a more subtle and mature Understanding and approach we might Remember however when considering such Things that our economic stability and Opportunity is now at theory of risk and Where simultaneously not currently doing The planet any favors according to the

Copenhagen consensus Noble alert we Should increase our current spending Five-fold to 100 billion dollars per Year This doesn’t mean that in total we Should be spending more we already Devote 600 billion dollars per year to Finance ineffective climate remediation Strategy We could instead take a mere sixth of That poorly spent money and direct it Towards the most effective means of Addressing our problems World leaders on the sidelines in Paris In 2015 draw a billionaire Philanthropist and promising to double Green energy r d over a five-year period The so-called Mission innovation did not Materialize spending as a percentage of GDP hardly moved since then a genuine Innovation-led response would require The consideration of multiple Solutions We could improve today’s Technologies Rather than erecting currently Inefficient turbines and solar panels We could devote more attention to Nuclear fission perhaps in the form of Modular reactors and continue to explore Fusion hydrogen generation from water And more The geneticist who spearheaded Development of the first draft sequence Of the human genome technological tour De force completed far earlier and at

Less cost than originally estimated Makes a strong case for Research into LJ That produces oil grown on the ocean Surface Because such LJ simply converts sunlight And carbon dioxide to oil when producing It burning it would be carbon dioxide Free Oil algae are far from cost effective Now but researching this and many other Solutions is not only inexpensive but Offers our best opportunity to find real Breakthrough Technologies If We innovate the price of green energy Down below fossil fuels Everyone will switch this would be a far Better solution particularly for the Poor then increasing the cost of fossil Fuel to the point of General penury to Disincentivize use The Copenhagen consensus experts Calculated returns from Green energy r d At 11 pounds for every pound invested Hundreds of times more effective Than current climate policies Finding the breakthroughs that will Power the rest of the 21st century could Require a decade or it could take four But no other genuine Solutions beckon And we’ve already had three decades of Spectacular failure pursuing the Policies that are currently in place We know that the world leaders gathered

At cop27 won’t solve the problem that Passettes with the same empty promises Offered 26 times previously Are we going to do the same thing yet Again remember the definition of Insanity but Innovation beckons as it Has so reliably in the past we have Better options and ignore them at the Cost of our economy our opportunity and The environment [Music]

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