Copenhagen Consensus President Bjorn Lomberg met at Fox Business on the sidelines of the Arc Conference in London, England.
Only one month after the start of employment and President Donald Trump is making great changes to the government. This includes energy policy, which is vital for the economy.
Trump has to do a few things, Bjorn Lomborg, political scientist and president of Copenhagen Consensus Center, told Fox Business on three days Alliance for responsible citizenship (ARC) Conference in London last week.
“We need to get much more energy because we know that energy is the vital element to make sure you have very prosperous societies … It will.”
It is a different approach to energy policy that Democrats adopted this decade earlier. In 2022, the number of federal land drilling permits approved by the government of Biden plunged compared to the previous year.
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Bjorn Lomberg Speaking at the Citizenship Conference Alliance for Responsible in London, February 2025. (Arc / Andrew Parsons / Parsons Media)
But with a new administration, a reshuffle of energy policy is underway. Earlier this month, a memo of the White House announced the formation of the National Energy Dominance Council to help “release American energy”. This means cutting administrative formalities and increasing energy production, indicates the service note.
However, there is more than that, Lomborg told Fox Business. “In the world, there are many people who are very worried about climate change. We must also solve these problems,” he said.
The way to do so is to make significant reductions in global funding, but to complete the smallest “intelligent” budget to innovation that will eventually correct climate change, said Lommarg. “It will be much cheaper,” he said, adding, “it will stimulate innovation in all different ways.” He says that a probably appropriate allowance would cost up to 30 billion dollars, which he describes as “rounding error in most American conversations on the development of cheap, free and efficient energy”.
But Lomborg has mixed opinions on the question of whether the phrase “Drill Baby Drill ‘is useful for developing an energy policy.” It’s a way, you know, to burn a lot of votes and also a lot of annoyed people, “he said.” I am. Think that we should probably not say that in this way. But fundamentally, this shows you what motivates the world is the cheap, energy, available energy. “”
And it is clear that the world needs more energy, said Lomborg. “It is easy for the rich in the rich world of saying, we can do with less energy,” he said, pointing rich developed countries such as the United States and Western Europe. “But most people in this world are incredibly poor and they need a lot, much more energy. So, in this way, Trump is absolutely right.”
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The water vapor and the exhaust rise from steel in Salzgitter, Germany, November 22, 2023. (Sean Gallup / Getty Images / Getty Images)
Poor countries are largely based on fossil fuels, like coal, and it is because it is much cheaper than green technologies. “Imagine if we could make fourth generation nuclear cheaper than fossil fuels,” said Lomborg. “We would not only get the United States and Europe on board, but we get the Chinese and Africans.” In other words, low -cost energy would do more countries on board with more recent energy technology.
A region that does not seem to have a stable energy policy is Europe, notably the United Kingdom and Germany, two of the largest economies in this part of the world.
Germany has made radical changes to energy policy a decade ago and a half ago, involving a desire to move green at dizzying speed. It did not happen. “In 2010, Germany obtained 79.6% of its energy from fossil fuels,” Lomborg told Fox Business. “Fast advance until 2023 and they still get 79.3% of its energy from fossil fuels.” At least part of the situation in Germany is due to its decision to reduce its nuclear power to a tiny fraction of what it was in 2010.
Great Britain also has its own energy challenges. Since 2003, the price of electricity for British households and companies has jumped triple. “It is a real obstacle to the economy,” said Lomborg. It highlights the probability that higher energy costs probably reject industrial companies far from Europe to countries like China and India.
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President Donald Trump signs a series of decrees in the White House oval office on February 10. (Images Andrew Harnik / Getty / Getty Images)
On The United Nations Press for green energy, he said, “We need a place where all nations can meet and speak.” That said, he is not so convinced by the haste to go to Net-Zero, which means no carbon emission by 2050. “There is no way we can do it … Go be incredibly expensive, and it will be incredibly damaging, especially for poor countries.
“I think what President Trump says now is that we have to get out of this path and take a more intelligent path,” Lomborg told Fox News.
