Climate Expert Rejects Biden's 'Worthless' Green Deal [Video]
Biden's White House is continuing forward with Biden's climate change initiative despite experts claiming that the bill is 'almost worthless. The plan seems to be to throw money at the problem but to what end? Hoover Institution visiting fellow and climate expert Dr. Bjorn Lomborg says that the $369 billion in climate spending is just a joke and that it will not actually improve anything.
Lomborg didn’t mince words, calling the bill “incredibly expensive but almost worthless.” In fact, it won’t significantly alter the world’s temperature. Lomborg concluded that one estimate of a reduction in carbon emissions found that the world’s temperature wouldn’t even budge by a “thousandth of a degree fahrenheit. That’s just, nothing!”
But Lomborg’s estimate of the bill’s effect on climate turned out to be miniscule. Lomborg predicted a reduction of global temperatures of “less than three one-hundredths of a degree by the end of the century. We will not be able to measure that.”
“You’re spending $369 billion, and you won’t be able to measure the impact,” Lomborg said. “Maybe we should have known that and maybe people would have voted differently had they known.”
Key members of President Biden’s cabinet are going on tour in a bid to promote the $737 billion energy, climate and health care legislation passed by Congress last week.
The Inflation Reduction Act passed in a party-line vote after Republicans branded it a misnamed “hoax” that would unleash an IRS crackdown without lowering four-decade-high inflation.
The bill passed 220-207 with all Democrats voting in favor and Republicans unified in opposition — just days after the Senate also passed the bill with only Democratic votes.
Democrats claim the bill will lower inflation based on projections it will raise $737 billion in new revenue, more than offsetting $437 billion in new spending.
But studies by the Penn Wharton Budget Model and the Tax Foundation say it will have little if any positive near-term effect on inflation.