Which we know sells ins of newborn babies were torn from their mothers and given away and forced adoption that only to this day mothers still search for grown children while adults look in hope for their birth parents, join me every 1st day on the alex salmond show, and ill be speaking to guest of the world of politics or business. Im show business. Ill see you there. Well welcome to visionaries me sophie shevardnadze. Global institutions are taking time. That is the Climate Change, but my guest today believes the panic is unnecessary or even groundless. Longboard, president of the copenhagen consensus visiting fellow at the Hoover Institution at Stanford University. Environmentalists joins me now. The president of the copenhagen consensus on urban sitting fellow at the Hoover Institution, Stanford University, and skeptical environmentalist. Its really great to have you with us today. Bjorn, how do you like my last part of your presentation . Skeptical environmentalist. Well, its what i have to say. Its great to be here, sir. So look, what i really try to do is to think about all the things you can worry about. Environmental areas, what are the things where you can actually make the most difference for every dollar of your groupie that you spend . So that we do that instead of just feeling good and achieving almost no, i want to go through this in detail while were chatting. So this International Movement to do something about Climate Change is currently battling the resistance of Climate Change deniers. Conservative politicians to fossil fuel industry upset or in this clash of views, a lot of law, but information is being spread and a little fear mongering is being done on the anti climate side as well. And were being scared into thinking our economies will collapse, scared into thinking that we are being scammed. Right. How does one navigate this stream of complex thing . Some of them having, you know, hidden agendas actually, well, i do some, im probably not so much it made jen that youre absolutely right. Look, theres a lot of people out there who will tell you Global Warming is not a problem at all. And i think i see certainly wrong, we know that thats not true, thats what gave Us International data is telling us that theres a lot of people out there as you point out that telling you this is the end of the world. You know, youve got to do everything and the kitchen sink if youre ever going to manage to make sure that we tackle Global Warming. And they are unfortunately often also exaggerating. I would argue that the right way to think about this, and thats what i try to present in my dog and elsewhere, is really to say, look, the u. N. Climate panel has come together for almost what 25 years or so to look at. What is the data on Natural Science . What they tell us is Global Warming is a real problem. Its caused by mankind, burning mostly fossil fuels that emit c, o 2 that causes temperatures rise overall in the long run. That will be a net negative for humanity. So there is a problem, we should to fix it. But we should also of course listen to the climate economists who are going to look at. So what can we actually do about it . And how much will it cost . We need to hear both of those conversations and we need to hear them without the denial. Those who, you know, this is not happening at all. But also without the alarmists and that makes everything exaggerated. So you claim that mainstream doom and gloom projections, a lot of weights are planted in production after level warming are based on bad science. But the Scientific Community at large disagrees with you farai very strongly on your science and your academic background. It is not in a field of the climate research. Right. So why should i believe you . Im not the climate scientists. Oh, you know, you definitely should not believe me. You should believe what the un climate parents houses. So the Un Climate Panel, as i point out, tells us they were warriors ruins a problem. But they also tell you frank, how big of a problem is it . So they assume they expect that by the 2075. Lets say 2075. The net impact of Global Warming will be equivalent to each person being somewhere between 0. 2 and 2 percent less rich than he or she would otherwise be. Thats an important factor because what that tells you is, its a real problem. But its by no means the end of the world. This is what the Un Climate Panel tells us and id be ab to show you that im sure we can tweak that afterwards. But i think you know, from the quote in the Un Climate Panel. So what it tells us is, its a modern problem. Its not a new problem, but its certainly not the end of the world. Remember, last year a survey showed that almost half the worlds population now believes that Global Warming will lead to the extinction of this human race. Thats just not what were talking about by the 2075. Human kind will be much, much richer, so the average, you know, standard scenario through the Un Climate Panel is that we will be 362 percent as rich as we are today. If the Global Warming wood was left unattended to in 2075, instead of being 362 percent as rich as where today we would only be 356 percent. Now thats a problem, but its by no means the end of the world. So your idea is that trade is right, kyoto, or the Paris Agreement can postpone Global Warming for a maximum of 5 years. And i wonder if its so inefficient. Why are all these countries signing this agreement . And im sure they have some research and homework before going for it now. Well, look, theres a lot of reason why people sign up to a lot of this. Some of them are clearly signaling. Its a nice way to say, you know, look, the world is going to end vote for me. Itll help you politically and you know, typically it cost only arrive 510 or 20 years later. So you get to get all the apostle and somebody else have to pay. It also sounds nice. I want to help and save the planet. But the reality is, most of what we do right now have very little impact on our rate of period per article on whats the impact of the Paris Agreement by itself. And this is also what the u. S. Triple c. So the guys who organized the Paris Agreement tells us that perrys quite self will cut about one percent of what is needed to get to 2 degrees centigrade, which is what everybody talks about. So fundamentally, itll do very little at very high cost to remember. Thats why its probably not a very effective target, actually. Some of my other research shows, and this is also what many climate Scientists Say climate economist any perhaps continually the only climate economist to win the nobel prize. William nordhaus back in 2018 tells us that the current approach is actually a pair of weak, inefficient way of spending lots of money and achieving very little. And while disputing the mainstream opinion about Climate Change, you are saying that it is unnecessarily alarmists. Right . Winer worlds Climate Change researchers and policymakers need to be alarmist on as issue. I mean, what does anyone stand to gain from staring panic . So i think theres a lot of things that cause it. Let me take one example, Sea Level Rise, which is an absolutely correct issue. You notice temperatures rising sea levels, sorry, the sea will increase or temperature just like everything else. When it gets warmer, it expands and thats why you see rice, a sea levels. So the typical simulation that you do will tell you all right, so youre seeing levels rise, lets say of the maximum and perhaps meter by the end of the centric, close to a meter. How much will that matter . Well, the typical model will then just say, well, what is, what of the world has below one meter above Sea Level Rise, all of that will get flooded. So our standard estimate tells you 187000000 people will get flooded by the end of the century. That was the headline in the Washington Post and many, many other papers. But the problem of course is that assumes nobody does anything for the next 80 years. Nobody ever ranks any or increases the height of that guy. And thats just absolutely unlikely. You would not sit here and watch the waves lap up over your knees and hips and eventually youll drown or have to move. You actually adapt. And those very same researchers who say, if you just see a Sea Level Rise about a meter, you get a 187000000, people who have to move. Also show that if you assume realistic adaptation, you have not 187000000 people who have to flee. But about 300000, people that remember that its about half of the number of people that move out of california every year. So thats definitely something we can handle over the next 80 years. My point is that its very easy to make these simple simulations and they make good sense and i make academic argument, but obviously theyre not good information proposing makers. If you tell whats going to happen, if we do nothing because clearly had very low cost, we will do something. Well mainly adapt. And that leads to many, many fewer people actually being quite right. But the real question is, where stands to gain from the panic. So media loves bad news medias. Then its just simply, you know, if you, if you wrote a story that says not much is going to happen with Climate Change, not many people would click on it. If you say were all going to die, a lot of people will click on it. So you know what i mean if it bleeds, it leads. But also of course, everyone whos pushing strong are good, strong policies on Climate Change will want you to Pay Attention and so they will always amplify the biggest signal. So if you read most of these press releases and stories, they typically have their, their littered with words like may and could, and she might kind of thing. And so you could argue it might lead to a 187000000, people being flooded. Thats true. If we do nothing but its not very good information, but obviously it helps make that particular point. Remember, if you talk to doctors for instance, they will typically tell you if we dont, you know, get more money for a good cup of it. Were going to get a catastrophe. If you talk to teachers, they will tell you, if we dont put in more money into our schools, we might stand, you know, with a catastrophe that we havent taught the next generation. Well, its in the nature of almost all people are caring for a particular case to overemphasize their i. Q. Im not saying thats wrong. Im simply saying we Decision Makers saying voters for what politicians should do, should be a little skeptical of some post claims figures like reza say like theyre helping they share our exacerbating or well, i have no doubt that granite feels very, very strongly about what shes talking about and i think when you talk to a lot of young people, they feel genuinely scared. If you keep hearing those stories about 187000000, people being flooded. You think that theres a good chance theres no future left for you. Thats what she says about 20 a lot of young people say so very clearly if you think this is the end of the world, we should do everything to avoid that. So in some sense, i think it is a symptom of exacerbating and alarming everyone mindlessly. And unfortunately what that means is we end up Picking Solutions that cost a lot, but actually do very little. Its just a kind of feel Good Solutions instead of the Actual Solutions that would fix Global Warming. So i guess my point here is not to say that this is not a problem. My point is to say we need to spend resources so that we fix this problem smartly, not incompetently and very, very expensive, which yet i also like i, its hard to argue with your point about the fact that the panic usually leads nowhere or any results in bad decisions in your opinion, what the solutions about Climate Change have been particularly bad. So if you look at most of the solutions that we have right now, they are typically very small. That is theyll have very little impact, but theyre pretty expensive. So the best example is the electric car. For instance, the electric car sounds like a wonderful idea. You know, youve got your changeover from these gas guzzlers and you get to places where youll actually of 0 emissions and youll be able to run it right off on, you know, sun and wind. But the reality is that most of these cars, because they need battery, takes up much more energy to produce it so quickly thats produced in china. And because most of these cars are charged at least partly with fossil fuels, that actually cut fairly few tons of c o 2. So the International Energy agency estimates, but an average battery car will conserve about 10 tons of c o 2 across its lifetime. About a 3rd of its emissions. Thats nice. But remember most nations around the world, the bite would be Incoming Biden Administration is talking about spending upwards to 10000. 00 per car. Theyre spending an enormous amount of money to just cut 10 tons. Remember only u. S. Emission trading systems. You could cut that for about somewhere. What is it about 50. 00 . So you could do this much, much cheaper, but were spending this enormous amount of money because it feels virtuous. You know, it feels like were doing something when youre, when youre seeing a tesla, but the reality is youre doing fairly little at very high cost. What we should be doing instead is get people to switch to hybrids, which is very, very much as if they dont have any of the, the other problems that actually cut just as much c o 2. And typically people are willing to do that now, or at least with very, very little incentive. So again, take the solutions that are not quite as sexy if you will, but actually end up doing a lot more could for every dollar of rupee spent there and talk a short break right now when were back well continue talking to bjorn lomborg, president of a visiting fellow at the Hoover Institution at Stanford University and skeptical environmentalists stay with us. L. Look forward to talking to you all. That should work for people. I robot must obey the orders given by human beings, except where such conflict with the 1st law show your identification for should be very careful about Artificial Intelligence. And the point obviously is going on theories with Artificial Intelligence will some of the most protect its own existence. Its been decades since the fall of spains fascist regime. But old wounds still havent healed me from a dog in the bush at the source mean older than just the same question, which we know of newborn babies were torn from their mothers and given away and forced adoption. I dont know to this day mothers still search for grown children while hope for their birth parents. And were back with bjorn lomborg, president visiting fellow at the Hoover Institution, Stanford University, skeptical environmentalist. Lets agree that the rise of temperature by 2 degrees, why human species potential rising for even a couple of critical for lets say coral reefs and, and thats all the marine life survives on fish. And that means that a decline diversity is actually the beginning. So there, theres a concern there, and i think its much, much harder to quantify because again, what you typically hear is you will have less product to pity and you will see, you know, people will show you these, these why areas there will be drought or drought or be flooded, but actually, and i think this is important to recognize and this is totally accepted in all science. What we see is, remember, c o 2 is also a plant new trend. Thats why, you know, most, most greenhouse growers will actually put in the extra c o 2 to get really big tomatoes, for instance. And what weve seen over the last 30 years is actually a dramatic increase in the global biomass. So we were very unpublished, i mean its published, but its not very has not gotten a lot of press attention. It was in New York Times and all these other papers. But its certainly not getting as much attention as youd imagine. Well, the last 30 years, the world has seen most of it areas becoming much more creepy to the extent that they estimate its equivalent to adding to australias full of forests across the world or the last 30 years. Because youve got many more leaves because of much more c o 2. Again, my point here is not to say that Global Warming overall is not a net negative, but i think what we end up focusing on has parts of the story that are negative. And we should also look at those, but we forget that theres almost as much not quite as much it will. Thats why its a problem, but almost as much of it, thats an improvement. And we need both in order to make good decisions. He also said that reach countries going Carbon Neutral is ineffective as long as poorer countries dont and its better to invest time and money in Green Energy Research