POPULARITY
In 2013, William D. Nordhaus, Nobel Laureate in Economic Sciences, published his acclaimed book The Climate Casino. In the book, Professor Nordhaus argued that the world had entered the climate casino and was rolling the global warming dice in the absence of effective policies to tackle climate change. A decade on from the book's release, and following his important recent research on the 'climate club' and the release of his 2021 book, The Spirit of Green, Professor Nordhaus considers whether the world still has an opportunity to exit the climate casino and implement policies that will reverse the tide of global warming. This lecture forms part of the Environmental Resilience lecture series, which is co-organised by the IIEA and the Environmental Protection Agency (EPA). About the Speaker: William Nordhaus is Sterling Professor of Economics at Yale University, New Haven, Connecticut, USA. His major work focuses on the economics of climate change, developing models that integrated the science, economics, and policies necessary to slow warming. He was awarded the Nobel Prize in Economic Sciences in 2018 "for integrating climate change into long-run macroeconomic analysis." From 1977 to 1979, Professor Nordhaus served as a Member of President Carter's Council of Economic Advisers. From 1986 to 1988, he served as the Provost of Yale University and was President of the American Economic Association from 2015 to 2016. Professor Nordhaus completed his undergraduate work at Yale University in 1963 and received his Ph.D. in Economics in 1967 from the Massachusetts Institute of Technology.
Can classical economics help figure out climate change and support policies that slow global warming? Yale Sterling Professor of Economics William Nordhaus thinks so. In his new book, The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World (Princeton UP, 2021), Nordhaus tackles the "externality" that is pollution and carbon emissions. By making several adjustments to how we treat this externality in economic terms, it can be brought back into the "system" whereby sensible regulation, market relations, and innovation can lead to markedly lower levels of pollution and greenhouse gas emissions. The most important of those adjustments is getting the price of carbon right. In many parts of the world, there is no formal price of carbon. Setting it at $40 per ton (or higher) will not be easy, not least because competing nation-states will need to agree to and abide by a universal carbon tax. Despite these challenges, Nordhaus ends on an optimistic note. We have the means, we have the technology.... And as an example, he points to how a Covid vaccine was developed in record time after adjustments to the system of incentives and regulations. Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves... Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network
Can classical economics help figure out climate change and support policies that slow global warming? Yale Sterling Professor of Economics William Nordhaus thinks so. In his new book, The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World (Princeton UP, 2021), Nordhaus tackles the "externality" that is pollution and carbon emissions. By making several adjustments to how we treat this externality in economic terms, it can be brought back into the "system" whereby sensible regulation, market relations, and innovation can lead to markedly lower levels of pollution and greenhouse gas emissions. The most important of those adjustments is getting the price of carbon right. In many parts of the world, there is no formal price of carbon. Setting it at $40 per ton (or higher) will not be easy, not least because competing nation-states will need to agree to and abide by a universal carbon tax. Despite these challenges, Nordhaus ends on an optimistic note. We have the means, we have the technology.... And as an example, he points to how a Covid vaccine was developed in record time after adjustments to the system of incentives and regulations. Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves... Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance
Can classical economics help figure out climate change and support policies that slow global warming? Yale Sterling Professor of Economics William Nordhaus thinks so. In his new book, The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World (Princeton UP, 2021), Nordhaus tackles the "externality" that is pollution and carbon emissions. By making several adjustments to how we treat this externality in economic terms, it can be brought back into the "system" whereby sensible regulation, market relations, and innovation can lead to markedly lower levels of pollution and greenhouse gas emissions. The most important of those adjustments is getting the price of carbon right. In many parts of the world, there is no formal price of carbon. Setting it at $40 per ton (or higher) will not be easy, not least because competing nation-states will need to agree to and abide by a universal carbon tax. Despite these challenges, Nordhaus ends on an optimistic note. We have the means, we have the technology.... And as an example, he points to how a Covid vaccine was developed in record time after adjustments to the system of incentives and regulations. Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves... Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/environmental-studies
Can classical economics help figure out climate change and support policies that slow global warming? Yale Sterling Professor of Economics William Nordhaus thinks so. In his new book, The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World (Princeton UP, 2021), Nordhaus tackles the "externality" that is pollution and carbon emissions. By making several adjustments to how we treat this externality in economic terms, it can be brought back into the "system" whereby sensible regulation, market relations, and innovation can lead to markedly lower levels of pollution and greenhouse gas emissions. The most important of those adjustments is getting the price of carbon right. In many parts of the world, there is no formal price of carbon. Setting it at $40 per ton (or higher) will not be easy, not least because competing nation-states will need to agree to and abide by a universal carbon tax. Despite these challenges, Nordhaus ends on an optimistic note. We have the means, we have the technology.... And as an example, he points to how a Covid vaccine was developed in record time after adjustments to the system of incentives and regulations. Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves... Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
Can classical economics help figure out climate change and support policies that slow global warming? Yale Sterling Professor of Economics William Nordhaus thinks so. In his new book, The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World (Princeton UP, 2021), Nordhaus tackles the "externality" that is pollution and carbon emissions. By making several adjustments to how we treat this externality in economic terms, it can be brought back into the "system" whereby sensible regulation, market relations, and innovation can lead to markedly lower levels of pollution and greenhouse gas emissions. The most important of those adjustments is getting the price of carbon right. In many parts of the world, there is no formal price of carbon. Setting it at $40 per ton (or higher) will not be easy, not least because competing nation-states will need to agree to and abide by a universal carbon tax. Despite these challenges, Nordhaus ends on an optimistic note. We have the means, we have the technology.... And as an example, he points to how a Covid vaccine was developed in record time after adjustments to the system of incentives and regulations. Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves... Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science
Can classical economics help figure out climate change and support policies that slow global warming? Yale Sterling Professor of Economics William Nordhaus thinks so. In his new book, The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World (Princeton UP, 2021), Nordhaus tackles the "externality" that is pollution and carbon emissions. By making several adjustments to how we treat this externality in economic terms, it can be brought back into the "system" whereby sensible regulation, market relations, and innovation can lead to markedly lower levels of pollution and greenhouse gas emissions. The most important of those adjustments is getting the price of carbon right. In many parts of the world, there is no formal price of carbon. Setting it at $40 per ton (or higher) will not be easy, not least because competing nation-states will need to agree to and abide by a universal carbon tax. Despite these challenges, Nordhaus ends on an optimistic note. We have the means, we have the technology.... And as an example, he points to how a Covid vaccine was developed in record time after adjustments to the system of incentives and regulations. Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at DanielxPeris@gmail.com or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves...
It's an all white paper episode, folks. Vox climate reporter Umair Irfan joins Matt and Dara to take on three research papers all concerning climate change: first, on the social costs of carbon; then on the disparate effects of temperature rise on a diverse array of geographic regions; finally, on global migration due to climate change. Be sure to check out the bonus content on the short-form version of The Weeds that comes out Wednesday mornings as part of Vox Quick Hits. Subscribe to Vox Quick Hits wherever you get your podcasts. Resources: White Paper #1: "Revisiting the cost of social carbon" by William D. Nordhaus, PNAS 114 (7) 1518-1528; Feb. 2017. See also Umair's article on this paper: "Climate change is a global injustice. A new study shows why" by Umair Irfan, Vox (Sep. 26, 2018) White Paper #2: "The Economic Geography of Global Warming" by Jose Luis Cruz Alvarez & Esteban Rossi-Hansberg, NBER Working Paper 28466; Feb. 2021. White Paper #3: "Climate Vulnerability and Human Migration in Global Perspective" by Martina Grecequet, Jack DeWard, Jessica J. Hamilton, and Guy J. Abel, Sustainability 9 (5), Apr. 2017. Hosts: Matt Yglesias (@mattyglesias), Slowboring.com Dara Lind (@DLind), Immigration Reporter, ProPublica Umair Irfan (@umairfan), Staff Writer, Vox Credits: Erikk Geannikis, Editor and Producer As the Biden administration gears up, we'll help you understand this unprecedented burst of policymaking. Sign up for The Weeds newsletter each Friday: vox.com/weeds-newsletter. The Weeds is a Vox Media Podcast Network production. Want to support The Weeds? Please consider making a contribution to Vox: bit.ly/givepodcasts About Vox Vox is a news network that helps you cut through the noise and understand what's really driving the events in the headlines. Follow Us: Vox.com Facebook group: The Weeds Learn more about your ad choices. Visit megaphone.fm/adchoices
There is a misconception among the American public that conservatives don’t see climate change as an issue. And yet, when polled, a strong majority DO recognize the climate crisis as a problem worth doing something about. But in such a polarized political environment, how do we work together on bipartisan climate solutions? Daniel Palken is a Conservative Outreach Fellow for Citizens’ Climate Lobby (CCL), an organization working to build support in Congress for a national bipartisan solution to climate change. On this bonus episode of Reversing Climate Change, Daniel joins Ross to explain what drew him to work with the organization and discuss their recent Conservative Climate Lobby Day for climate advocates right of center. Daniel introduces us to CCL’s Energy Innovation and Carbon Dividend Act, describing how the bill disincentivizes the use of fossil fuels and what differentiates it from other carbon pricing proposals. Listen in for Daniel’s insight on engaging conservatives in the climate conversation and learn how CCL’s market-driven solution seeks to unite Democrats and Republicans around its vision of a prosperous future. Key Takeaways [1:22] What drew Daniel to work with Citizens’ Climate Lobby Thoughtful, reasoned approach to issue he cares about Effective way to engage in politics, bipartisan group [6:27] Citizens’ Climate Lobby’s Energy Innovation and Carbon Dividend Act Disincentivizes use of fossil fuels (tax based on emissions) Give money back to citizens in form of carbon dividend [13:08] How CCL’s bill compares to other carbon pricing proposals 70 sponsors, active in three congressional committees Taxes at rate steeper than most competing legislation Other bills use money differently (e.g.: fund infrastructure) [18:31] What we need to do to move the needle on climate legislation Create space to engage conservatives + champion their solutions Misconception that conservatives don’t see climate as issue [23:08] The potential for a Republican vision of climate solutions Best solutions right of center (market-driven) CCL seeks to reunite Americans around prosperous vision of future Connect with Ross Nori Nori on Patreon Nori on Facebook Nori on Twitter Nori on Medium Nori on YouTube Nori on GitHub Nori Newsletter Email hello@nori.com Nori White Paper Subscribe on iTunes Carbon Removal Newsroom Resources Citizens’ Climate Lobby Energy Innovation and Carbon Dividend Act Daniel on Twitter Who Is America? Conservative Climate Lobby Day William D. Nordhaus MARKET CHOICE Act Climate Action Rebate Act A Message from the Future with Alexandria Ocasio-Cortez Baker-Schultz Carbon Dividends Plan Students for Carbon Dividends on YouTube Dave Roberts on Political Climate
Protecting the ship, building relationships and organising surprise weddings – in this week’s episode, Economic Sciences laureate Paul Romer discusses everything from the special moment he experienced just hours before collecting his prize to the importance of unity, purpose and inclusion. Romer shared the 2018 Prize in Economic Sciences with William D. Nordhaus for integrating technological innovations into long-run macroeconomic analysis. See acast.com/privacy for privacy and opt-out information.
Professor William D. Nordhaus was the first person to model the interplay between economy and climate change. He is the 2018 award winner of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, together with Paul Romer. In this seminar from SNS and the Nobel Centre, Professor Nordhaus presents some of his research findings, and adresses the implications for climate change policy.
Last week, a long-awaited report showed that the worst consequences of global warming would occur even sooner than previously thought. Here’s the story behind the findings. Guests: Coral Davenport, who covers energy and the environment for The New York Times, and William D. Nordhaus, who was awarded a Nobel this year for his work on the economics of climate change. For more information on today’s episode, visit nytimes.com/thedaily.
William D. Nordhaus, Sterling Professor of Economics at Yale University, is one of the main economists working on climate change models. He recently chaired a panel of the National Academy of Sciences that produced a report, Nature's Numbers, recommending approaches to integrate environmental and other non-market activity into the national economic accounts.