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But because of the fear-mongering surrounding climate change, most people don’t hear the good news. And because we believe that climate change is a much bigger challenge than it really is, many countries are spending more and more to combat it, and spending it in less and less sensible ways. Evidence shows that globally we are now spending more than $400 billion annually on climate change, through investments in renewables, in subsidies, and in lost growth.
False Alarm: How Climate Change Panic Costs Us Trillions, Hurts the Poor, and Fails to Fix the Planet
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