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Rich Countries to Poor Countries: Eat a Solar Panel October 26, 2015 8:00 AM | Tagged as Lomborg

By the way, readers, this is the 100th issue of the Biz Bucks Blog, starting in July 2012.

WSJ October 22, 2015, Page A13, “This Child Doesn’t Need a Solar Panel” by Bjorn Lomborg

In about six weeks or so, you will be hearing about the “victory” in Paris from the upcoming world Climate Change Conference. The anticipated victory will be the commitment from many developed nations, including the USA, to fund aid to poor countries to reduce carbon dioxide levels. The goal is to cobble together commitments to spend $100 billion by 2020.  This spending is unfounded.

Bjorn Lomborg is the head of the Copenhagen Consensus. He is a “believer” in global warming. Yet, he is rational. Lomborg pulls together a few dozen scientists each year to study where we should put our scarce resources to do the most good. They listen to proposals from many different branches of academia. He has run the “game” many times. Global warming always comes in last or nearly last among the places to spend. At the top of the list are several issues plaguing the world’s poor population:   malnutrition, malaria, tuberculosis, and lack of education. Fixing these problems will save hundreds of thousands of lives EACH YEAR.

Ask the poorer countries. Lomborg reports that, by the poorer countries own estimation, climate change is 16th of a list of 16 problems to solve.

A recent report says “Just $570 million a year—or 0.57% of the $100 billion climate-finance goal—spent on direct malaria-prevention policies like mosquito nets would reduce malaria deaths by 50% by 2025, saving an estimated 300,000 lives a year.”

Instead, this $100 billion will go to provide solar panels for the poor. They will be able to charge their cell phone, but not heat their home. Bulk electricity, fueled by natural gas, is what they need, not small renewables on their roof that will probably not hold the weight during the next breeze.  These people now heat and cook with wood, coal or dung.

To quote Lomborg, “In a world in which malnourishment continues to claim at least 1.4 million children’s lives each year, 1.2 billion people live in extreme poverty, and 2.6 billion lack clean drinking water and sanitation, this growing emphasis on climate aid is immoral.”

[Although opinion is included, The Biz Bucks Blog is primarily written to former students of Biz Bucks training courses to encourage their daily reading of the three opinion pages of the WSJ. This refreshes principles of Biz Bucks courses and improves business acumen on topics not discussed in Biz Bucks training.]


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