Fixation on CO2 Ignores Real Driver of Temperature, Say Experts

Each year from 2023 to 2030, climate change sustainable development goals will cost every person in economies such as the United States $2,026, the U.N. Conference on Trade and Development estimates. In lower-income economies, the per-person annual cost ranges from $332 to $1,864. In total, the global price tag comes to about $5.5 trillion per year. Separately, a report from the left-aligned nonprofit Climate Policy Initiative found that in 2021 and 2022, the world’s taxpayers spent $1.3 trillion each year on climate-related projects. It also found that the “annual climate finance needed” from 2031 to 2050 is more than $10 trillion each year. “Anyone who willfully denies the impact of climate change is condemning the American people to a very dangerous future,” President Joe Biden said on Nov. 14, 2023, while announcing $6 billion in new investments through the Inflation Reduction Act (IRA)....