The Cost of Climate Alarmism

“The Cost of Climate Alarmism”


Bjorn Lomborg, Ph.D.

President of the Copenhagen Consensus Center
Author of False Alarm: How Climate Change Panic Costs Us Trillions, Hurts the Poor, and Fails to Fix the Planet

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Dr. Bjorn Lomborg’s key takeaway is the need for climate scientists, activists, and economists to work together to focus on the most innovative solutions for climate change.

Lomborg points out that global warming and climate change are real but exaggerated. These exaggerations result in catastrophic consequences, both environmentally and economically.

Using data and models for hurricanes, wildfires, and flooding to exemplify these exaggerations, Lomborg points out that climate disaster is on the decline thanks to human adaptation. Climate alarmists

conclude future disasters will cost the world trillions of dollars, but those data points assume people will do nothing. Through adaptation, the reality is fewer people will be impacted by climate disasters, and the cost of damages will decrease due to better preparation, technology, and innovation.


  • Global warming is a real problem, but it’s often over-exaggerated.
  • Fire burn areas have decreased from 4% per year of global land in 1900 to only 2.5% in recent years.
  • Deaths from climate-related disasters have declined from 500,000 in 1920 to just under 7,000 per year in recent years.
  • The cost to mitigate climate change outcomes is more affordable than the cost of implementing Net Zero policy.

“The cost of Net Zero is the equivalent of passing a “Build Back Better Bill” every year for the next 29 years.”

March 11, 2022