In the rich world, the environmental situation has improved dramatically. In the United States, the most important environmental indicator, particulate air pollution, has been cut by more than half since 1955, rivers and coastal waters have dramatically improved, and forests are increasing.

There is no question that global warming will have a significant impact on already existing problems such as malaria, malnutrition, and water shortages. But this doesn't mean the best way to solve them is to cut carbon emissions.

Money spent on carbon cuts is money we can't use for effective investments in food aid, micronutrients, HIV/AIDS prevention, health and education infrastructure, and clean water and sanitation.

If every country committed to spending 0.05 per cent of GDP on researching non-carbon-emitting energy technologies, that would cost $25 billion a year, and it would do a lot more than massive carbon cuts to fight warming and save lives.