"The Kyoto treaty has an estimated cost of between US$150 and $350 billion a year, starting in 2010"

This quote by Bjorn Lomborg is referring to the Kyoto Protocol, a worldwide agreement that was adopted in 1997 to reduce greenhouse gas emissions. The treaty has an estimated expense of between US$ 150 and $350 billion a year, starting in 2010. This expense is to be shared among the countries that have actually signed the treaty. The cost is anticipated to be used to fund research study and development of renewable energy sources, in addition to help countries shift to a low-carbon economy. The treaty is also expected to help in reducing worldwide warming and its involved results. The cost of the treaty is high, but it is essential to ensure that the world has the ability to decrease its emissions and prevent additional damage to the environment.