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Claim: Germany Spends $110 Billion to Delay Global Warming by 37 Hours

9:24 AM, Mar 30, 2013 • By DANIEL HALPER
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Bjorn Lomborg claimed on John Stossel's television show last night that money isn't being spent well to combat "global warming":

"The Germans are spending about $110 billion on subsidies for these solar panels," said Lomborg. "The net effect of all those investments will be to postpone global warming by 37 hours by the end of the century."

"All those billions, for 37 hours delay?," asked Stossel.

"Yeah," said Lomborg, "so remember them in [the year] 2100 and say, 'Wow.'"

Stossel clarified, "You believe in global warming and man-made--"

"Global warming is real," said Lomborg, "and it is we need to fix. But we should fix it smartly, and not in a very, very costly way as we're doing it now. Germany is probably spending $660 for every ton of CO2 they're cutting."

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