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Climate change is a significant global concern and a real problem, but climate policies deliver far less than $15 on the dollar. One of the most effective solutions — delivering a globally coordinated, efficient carbon tax — produces about $2 of benefits for each dollar spent. Stricter climate policies, for example, achieving net zero carbon emissi
... See moreBjorn Lomborg • Best Things First
Prioritizing Development: A Cost Benefit Analysis of the United Nations' Sustainable Development Goals
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If the global community wants to spend up to, say, $250 billion per year over the next 10 years to diminish the adverse effects of climate changes, and to do most good for the world, which solutions would yield the greatest net benefits?
Bjørn Lomborg • Smart Solutions to Climate Change: Comparing Costs and Benefits
Appendix: the FUND Model
Bjørn Lomborg • Smart Solutions to Climate Change: Comparing Costs and Benefits
the first scenario, the countries of the OECD implement a uniform carbon tax such that the net present value (NPV) of the abatement cost equals $2 trillion, the NPV of $250 billion per year for ten years. The discount rate is 5% per year. Costs are discounted to 2009. This is achieved by a carbon tax of $700/tC, starting in 2010 and rising with the
... See moreBjørn Lomborg • Smart Solutions to Climate Change: Comparing Costs and Benefits
