Sunday, March 31, 2013
110 Billion dollars for 37 hours
Bjorn Lomborg has made the claim that 110 billion dollars spent in German subsidies on solar panels will delay global warming by only 37 hours. Billions of dollars of subsidies in Europe would not be necessary if "green power" was economically sound. Bjorn Lomborg believes in global warming but believes there are much smarter and cheaper ways of reducing CO2.
"The Germans are spending about $110 billion on subsidies for these solar panels," said Lomborg. "The net effect of all those investments will be to postpone global warming by 37 hours by the end of the century."
"All those billions, for 37 hours delay?," asked Stossel.
"Yeah," said Lomborg, "so remember them in [the year] 2100 and say, 'Wow.'"
Stossel clarified, "You believe in global warming and man-made--"
"Global warming is real," said Lomborg, "and it is we need to fix. But we should fix it smartly, and not in a very, very costly way as we're doing it now. Germany is probably spending $660 for every ton of CO2 they're cutting."
Watch the interview here.