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William Nordhaus on the Economics of Climate Change

William Nordhaus: The Economics of Climate Change

 

Global climate change will bring large and costly impacts that touch every area of the economy.

The climate trends are real and measurable, William Nordhaus showed in a series of clear and compelling graphs; the long-term economic impact is harder to gauge. Economists help estimate those costs and consequences, he told a crowd of 120 at “Cocktails and Conversations” on April 16.

In the informal talk, Nordhaus, Sterling Professor of Economics at Yale University and author of two widely used models of the economics of climate change, made the case for using markets to mitigate the problem by putting a price on pollution.

This video is part of our Economics Amplified podcast series, which can be found on YouTube, iTunes and MindOnline.