Joe Biden’s climate plan will do ‘virtually nothing’: Bjorn Lomborg | Sky News Australia

The way world leaders are attempting to tackle climate change is incredibly expensive and will do “very little” to solve the problem, according to environmental author Bjorn Lomborg.

In an exclusive interview with Sky News, Mr Lomborg criticised the expensive approach championed by major world leaders, in particular US President Joe Biden.

Mr Biden has proposed spending in excess of $500 billion dollars each year to combat climate change, which Lomborg points out is the equivalent of $1500 per citizen every year which will “do virtually nothing”.

“If you want a climate policy that will work in the long run you need to find a way that is sufficiently cost effective that people are actually willing to keep paying,” Mr Lomborg said.

Many nations across the world are committing to net-zero emissions by 2050 without any sufficient costings on the target.

New Zealand though completed an independent study on the price of such a target and it found the policy would cost around 16 per cent of GDP which would equate to be $240 billion in an Australian context.

Mr Lomborg said spending $240 billion every year until 2050 is “unconscionable” and very hard to imagine people will support it.

“If you actually want to fix climate change, you’re not going to do this by these incredibly expensive policies because you’re going to run out of money and willingness to pay.”