As municipalities, counties, and even countries declare a “climate emergency,” it is apparent that global warming is often being presented as an existential challenge requiring urgent and strong climate policies to avoid devastation This article has shown that these claims are misleading and often incorrectly describe the issue and its future. While climate change is real, human caused, and will have a mostly negative impact, it is important to remember that climate policies will likewise have a mostly negative impact. Thus, we must account for the effects of both to find the policies that will achieve the highest welfare gains.