The economics of climate change
The economics of climate change
In his keynote, Professor William Nordhaus combined the interdisciplinary insights from natural sciences and economics to address a set of critical questions. What is the optimal policy to address climate change? What are the costs of climate change? And how will technology and innovation help?
William Nordhaus of Yale University has been awarded the 2018 Nobel Prize in Economic Sciences for ‘integrating climate change into long-run macroeconomic analysis’, jointly with Paul Romer. His pioneering work on climate economy models greatly advanced understanding of the complex interactions between climate change and human economic activities. It provided a sound scientific foundation for climate policy prescriptions discussed in international fora and adopted in many industrial countries since the late 20th century.
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In his keynote, Professor William Nordhaus combined the interdisciplinary insights from natural sciences and economics to address a set of critical questions. What is the optimal policy to address climate change? What are the costs of climate change? And how will technology and innovation help?
William Nordhaus of Yale University has been awarded the 2018 Nobel Prize in Economic Sciences for ‘integrating climate change into long-run macroeconomic analysis’, jointly with Paul Romer. His pioneering work on climate economy models greatly advanced understanding of the complex interactions between climate change and human economic activities. It provided a sound scientific foundation for climate policy prescriptions discussed in international fora and adopted in many industrial countries since the late 20th century.
William Nordhaus of Yale University has been awarded the 2018 Nobel Prize in Economic Sciences for ‘integrating climate change into long-run macroeconomic analysis’, jointly with Paul Romer. His pioneering work on climate economy models greatly advanced understanding of the complex interactions between climate change and human economic activities. It provided a sound scientific foundation for climate policy prescriptions discussed in international fora and adopted in many industrial countries since the late 20th century.
William Nordhaus of Yale University has been awarded the 2018 Nobel Prize in Economic Sciences for ‘integrating climate change into long-run macroeconomic analysis’, jointly with Paul Romer. His pioneering work on climate economy models greatly advanced understanding of the complex interactions between climate change and human economic activities. It provided a sound scientific foundation for climate policy prescriptions discussed in international fora and adopted in many industrial countries since the late 20th century.