Hours after being inaugurated as president, Joe Biden recommitted the US to the Paris climate agreement, saying climate change is “an existential threat to our communities, economy, national security and environment”. To combat it, he wants to spend $500bn each year on climate policies, or $1,500 per US citizen.
Let’s get real. Climate change is a man-made problem but Biden’s climate alarmism is almost entirely wrong. Asking people to spend $1,500 every year is unsustainable when surveys show a majority are unwilling to spend even $24 a year. Policies such as Paris will fix little at a high cost. Biden is right to highlight the problem, but he needs a smarter way forward...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.