Economics Archives

Why Do We Need Fossil Fuels? A Fix for Climate Change

Why do we need fossil fuels? What’s the Green Road? Which option is ultimately better for the planet? On a global scale, we can take various paths to combat climate change. Activists say we should reduce emissions by investing in green energy and minimizing fossil fuel usage. Bjorn Lomborg says we should increase reliance on fossil fuels to spark economic growth. Keep reading to learn how fossil fuels could be the surprising solution to climate change.

Is the Paris Agreement Effective? How It Harms More Than Helps

What promise did countries make with the Paris Agreement? Is the Paris Agreement effective? To spark the green revolution, world leaders took a more concrete approach to climate change via the Paris Agreement. However, Bjorn Lomborg argues that, if the goal is to achieve a meaningful and cost-effective reduction in global temperature, it’s a failure. Continue reading to see how Lomborg comes to this conclusion.

Why Individual Action on Climate Change Doesn’t Add Up to Much

Should we go vegetarian and drive electric cars? Should we stop having children and flying in airplanes? Climate activists exhort us to make individual sacrifices—like eating less meat, flying less often, and turning off unused lights. Bjorn Lomborg argues that these exhortations are flawed: Individual actions on climate change do nearly nothing. Keep reading to see how Lomborg makes this assessment.

How Can We Adapt to Climate Change? Solutions for Water & Heat

How can we adapt to climate change? Can we do something practical about rising sea levels and extreme heat? In False Alarm, Bjorn Lomborg discusses several ways to combat climate change head-on. He realizes, though, that some things are beyond our control. To some extent, we just have to adapt to the realities. Continue reading to learn about some practical adaptations that could help us continue to flourish.

Economic Growth and Climate Change: The Wealth Solution

Why can the Netherlands deal with flooding better than Bangladesh can? What’s the connection between economic growth and climate change? Investments in innovation and adaptation lessen the impact of climate change, but many countries lack the funds to make this investment. Consequently, Bjorn Lomborg argues that creating economic growth in poor countries is itself a promising climate policy. Keep reading to see how Lomborg arrives at this conclusion.

The Benefits of a Carbon Tax: Save $22 Trillion & the Planet

What’s a carbon tax? What difference could a global carbon tax make for the economy and the environment? Beyond general strategies to combat climate change, Bjorn Lomborg also endorses specific policies in his book False Alarm. In particular, he argues that we should implement a global carbon tax. Read more to discover the benefits of a carbon tax.

Innovative Solutions to Climate Change: 4 Approaches to Consider

How could we get the most out of solar, wind, and nuclear energy? What can we learn from trees about carbon emissions? What’s geoengineering? In the past, we’ve often solved problems via innovation—developing new approaches rather than relying on old ones. The same is true of climate change. This is the view of Bjorn Lomborg, who argues that we should invest in innovative solutions to climate change. Keep reading to learn about novel approaches to energy storage, nuclear energy, carbon capture technology, and geoengineering.

Is Bitcoin Inflation Possible? Saifedean Ammous Explains

How does inflation influence the value of bitcoin? Why is bitcoin not affected by inflation? Bitcoin is a very “hard” currency and thus does not lose value due to inflation. According to economist Saifedean Ammous, the “hardness” of money is one of the most important factors determining how good a type of money is. Here’s why the price of bitcoin isn’t affected by inflation.

How Close Are We to Bitcoin Adoption?

Will bitcoin ever become the worldwide standard of value exchange? How close are we to bitcoin adoption? At present, bitcoin is a long way from being accepted as an international form of money the way gold was universally accepted as money in the 19th century. Furthermore, bitcoin may never replace money, but it has some characteristics that make it—at least potentially—a better alternative to fiat. Here’s what economist Saifedean Ammous has to say about adopting bitcoin.

The Benefits of Bitcoin: Economist Explains

Does bitcoin have the potential to become the new monetary standard? What are the benefits of bitcoin over fiat? According to economist Saifedean Ammous, there are two properties that determine how suitable something is for use as money: ‘salability’ and ‘hardness,’ and bitcoin has both of them. Then there’s the issue of trust in the payer: The form of money can influence the likelihood of a transaction failing due to nonpayment. We’ll discuss each of these factors, in turn, to show why Ammous thinks bitcoin makes good money.