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Expert says President Trump 'is absolutely right' that world needs more energy resources

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Bjorn Lomborg is a political scientist and the president of the Copenhagen Consensus Center .

He says the U.S. needs to make significant cuts in overall funding but funnel the smaller budget "smartly" toward innovation that will eventually fix climate change, he says.

Lomborg has mixed views on whether the phrase "drill baby drill’s helpful in crafting energy policy.