The presence of a large-scale planetary magnetic field is thought to be a protective factor for atmospheres, preventing them from being blown off by the solar wind. We focus on one key aspect of atmospheric escape: how does a planetary magnetic fields affect the energy transfer from the Sun to the atmosphere? We estimate the solar wind energy currently dissipated in the Earth's atmosphere using empirical formulas derived from observations. We show that it is significantly higher than the energy dissipated in the atmosphere of a hypothetical unmagnetized Earth. Consequently, we conclude that the Earth's magnetic field enhances the solar energy dissipation in the Earth's atmosphere and that, contrary to the old paradigm, an intrinsic magnetic field does not necessarily reduces atmospheric loss.