Bjorn Lomborg: Redistributing the West’s wealth will not solve climate change

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Governments should focus on spending much less, but much more efficiently, on innovation

Published on November 13, 2024 • Last updated 9 minutes ago • 4 minutes reading

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The logo for the COP29 UN climate summit is visible through artwork outside the venue, Tuesday, November 12, 2024, in Baku, Azerbaijan. (AP photo/Peter Dejong)

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The UN climate summit in Azerbaijan, taking place from November 11 to 22, it will take place in the shadow of Donald Trump’s election, and many key leaders won’t even show up. With low expectations before the summit even started, the summit will still hold great speeches about the need for a huge flow of money from rich countries to poorer countries. Such calls for trillions of dollars are unrealistic even before Trump’s victory, are misleading and are sure to fail.

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