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Introduction

Published online by Cambridge University Press:  05 June 2014

Bjørn Lomborg
Affiliation:
Copenhagen Consensus Center
Bjørn Lomborg
Affiliation:
Copenhagen Consensus Center
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Summary

The Copenhagen Consensus approach is to look at global issues and to ask: how could economic science help us to improve decision-making?

Each day decisions are made about global political priorities. Governments, philanthropists, and international bodies choose to support some worthy causes while others are disregarded. Unfortunately, these decisions frequently do not take fully into account a comprehensive view of the effects, benefits, and costs of solving one problem instead of another. The conflicting demands of the media, stakeholders, and politicians mean that priorities are set in an obfuscated environment. The idea behind the Copenhagen Consensus is to render this process less arbitrary, and to provide more evidence upon which informed decisions can be made by politicians and others.

Much of the time, society is presented with a menu of choices, but with very little information on their costs and benefits. The Copenhagen Consensus process aims to put prices and sizes on the menu, making choice easier and more informed. To inform this process in practice, we ask: if you were to spend an additional $75 billion over the next four years to do good for humanity and the environment, where would you spend it first?

Type
Chapter
Information
Global Problems, Smart Solutions
Costs and Benefits
, pp. 1 - 18
Publisher: Cambridge University Press
Print publication year: 2013

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References

Collier, P., Chauvet, L., and Hegre, H., 2009: The security challenge in conflict-prone countries, in Lomborg, B. (ed.), Global Crises, Global Solutions, 2nd edn., CambridgeGoogle Scholar
Lomborg, B., 2005: Global Crises, Global Solutions, CambridgeGoogle Scholar
Lomborg, B., 2009a: Global Crises, Global Solutions, 2nd edn., CambridgeCrossRefGoogle Scholar
Lomborg, B., 2009b: Latin American Development Priorities, CambridgeGoogle Scholar
Collier, P., Chauvet, L., and Hegre, H., 2009c: Smart Solutions to Climate Change, CambridgeGoogle Scholar
World Bank, 2012: RethinkHIV, CambridgeGoogle Scholar
World Bank, 2006: Repositioning Nutrition as Central to Development: A Strategy for Large-Scale Action, World Bank, Washington, DC, Google Scholar

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  • Introduction
  • Edited by Bjørn Lomborg
  • Book: Global Problems, Smart Solutions
  • Online publication: 05 June 2014
  • Chapter DOI: https://doi.org/10.1017/CBO9781139600484.001
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  • Introduction
  • Edited by Bjørn Lomborg
  • Book: Global Problems, Smart Solutions
  • Online publication: 05 June 2014
  • Chapter DOI: https://doi.org/10.1017/CBO9781139600484.001
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Introduction
  • Edited by Bjørn Lomborg
  • Book: Global Problems, Smart Solutions
  • Online publication: 05 June 2014
  • Chapter DOI: https://doi.org/10.1017/CBO9781139600484.001
Available formats
×