Expert says that President Trump ‘is absolutely right’ that the world needs more energy resources
Copenhagen consensus President Bjorn Lomberg spoke with Fox’s business at the ARC Conference in London, England.
Just a month in business and President Donald Trump makes major changes in the Government. These include energy policy, which is vital to economy.
Trump has to do several things, Bjorn Lomborg, political scientist and president of the Copenhagen Consensus Center, he told Fox Business on the three -day side Responsible citizenship (ARC) Conference in London last week.
“We need to get a lot more energy because we know that energy is the life news of providing very prosperous societies … He will do it.”
It is a different approach to energy policy than Democrats have taken earlier this decade. In 2022, the number of federal land drilling licenses approved by the Government Biden fell compared to the previous year.
Bjorn Lomberg speak at the conference of the London Responsible Citizenship Federation, February 2025. (Arc/Andrew Parsons/Parsons Media)
But with a new administration, the process of shaking energy policy is in the process. Earlier this month, the Memorandum of the White House announced the formation of the National Energy Domination Council to help “release US energy.” This means cutting bureaucracy and lifting the energy output, states a memorandum.
However, this is more than that, Lomborg told Fox Business. “There are a lot of people around the world who are very concerned about climate change. We have to deal with these issues,” he says.
A way to do this is a significant reduction in overall financing, but to direct a smaller budget “smart” according to innovations that will eventually improve climate change, Lomborg said. “This will be much cheaper,” he said, adding: “Innovations will encourage many different ways.” He says he would probably have a suitable distribution of up to $ 30 billion, which he encourages as “a mistake of rounding up in most American conversations of development of cheap, free and effective energy.”
But Lomborg mixed the views on whether the phrase was “Drill Baby Drill ‘ It is useful in the production of energy policy. “It’s a way to, you know, burns a lot of votes and there are also a lot of people,” he says. “I think we probably shouldn’t say that like that. But basically, it shows you what drives the world of energy, cheap, available energy.”
And it is clear that the world needs more energy, Lomborg said. “Rich people in the rich world are easy to say, we can do with less energy,” he said, pointing to rich developed countries like the USA -Western Europe. “But most people in this world are incredibly poor and need a lot, much more energy. So, in this way, Trump is absolutely right.”
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Water vapor and exhaust rose from steel in Salzgitter in Germany, November 2, 2023. (Sean Gallup / Getty Images / Getty Images)
Earth injuries mainly rely on fossil fuels, such as coal, and this is because it is far cheaper than green technologies. “Imagine we could make a nuclear fourth generation cheaper than fossil fuels,” Lomborg said. “We would not only have the US and Europe on board, but we also get Chinese and Africans.” In other words, pure energy lower prices would get more countries on board with recent energy technology.
One region that seems to have no stable energy policy is Europe, especially United Kingdom and Germany, two of the greatest economies in that part of the world.
Germany had made some radical changes in energy policy decades and a half ago, including the desire for green speed. That didn’t happen. “In 2010, Germany received 79.6% of its energy from fossil fuels,” Lomborg told Fox Business. “Fast forward by 2023 and still get 79.3% of its energy from fossil fuels.” At least part of the German situation is due to the decision to reduce its nuclear energy to the tiny part of what it was in 2010.
Britain also has its own energy challenges. Since 2003, the price of electricity for British households and companies has jumped triple. “This is the real move of economics,” Lomborg said. He indicates the likelihood that higher energy costs are likely to push out industrial companies from Europe to countries like China and India.
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President Donald Trump signs a number of executive orders at the oval office at the White House on February 10th. (Andrew Hardik / Getty Images / Getty Images)
On United Nations Push for green energy, he said, “We need to meet and talk somewhere where all the nations can be met.” This is said, not so convinced that the rush that there is a net-null one, which means that there is no carbon emission by 2050. “There’s no way we do it … It will be fantastically expensive, and that will be incredibly harmful, especially for that poor country.”
“I think what President Trump now says is that we have to start from this time and embark on a smarter path,” Lomborg told Fox News.
