Lomborg: Paris climate pact will reduce temperature increase by the end of the century by a whopping 0.05°C

WUWT
Subsidizing inefficient renewables is expensive and doesn’t work. The IEA estimates that we get 0.4% of our energy from wind and solar PV right now, and even in optimistic scenarios the fraction will only rise to 2.2% by 2040. Over the next 25 years, we’ll spend about $2.5 trillion in subsidies and reduce global warming temperatures by less than 0.02°C."