NewEnergyNews: A Nobel Prize Is Not Enough To Beat Climate Change

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    Thursday, October 11, 2018

    A Nobel Prize Is Not Enough To Beat Climate Change

    The nearly five decades of Nobel Prize-winning work on the economics of climate change is just the beginning

    Eshe Nelson, October 9, 2018 (Quartz)

    “…[Yale University Professor William Nordhaus just won the 20128 Nobel Prize in economics (jointly with NYU’s Paul Romer) for decades of work on efforts that led to] a model used widely to understand the effects of climate change and energy- and environmental-policy interventions…[T]he Royal Swedish Academy of Sciences stipulated that the work] does not offer “conclusive answers”…but does provide a foundation for future economists. The gaps in our understanding about the economic impact of climate change is plaguing economists and breeding a whole new area of research…Nordhaus’s work is so celebrated because it took on the challenge of examining the feedback loop between human activity and the climate…[It] led Nordhaus to become an early advocate for a universal carbon tax…[and he continues to argue that policies are lagging far] behind the science and what needs to be done…” click here for more

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