A Question of Balance

Weighing the Options on Global Warming Policies

William D. Nordhaus

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English

Yale University Press
08 January 2015

Environmental economics; Global warming

The 2018 Nobel laureate for economics shows how economic analysis can help us design economic policies to address the looming challenges of global warming

As scientific and observational evidence on global warming piles up every day, questions of economic policy in this central environmental topic have taken center stage. But as author and prominent Yale economist William Nordhaus observes, the issues involved in understanding global warming and slowing its harmful effects are complex and cross disciplinary boundaries. For example, ecologists see global warming as a threat to ecosystems, utilities as a debit to their balance sheets, and farmers as a hazard to their livelihoods.

In this important work, William Nordhaus integrates the entire spectrum of economic and scientific research to weigh the costs of reducing emissions against the benefits of reducing the long-run damages from global warming. The book offers one of the most extensive analyses of the economic and environmental dynamics of greenhouse-gas emissions and climate change and provides the tools to evaluate alternative approaches to slowing global warming. The author emphasizes the need to establish effective mechanisms, such as carbon taxes, to harness markets and harmonize the efforts of different countries. This book not only will shape discussion of one the world’s most pressing problems but will provide the rationales and methods for achieving widespread agreement on our next best move in alleviating global warming.

By: William D. Nordhaus
Imprint: Yale University Press
Country of Publication: United States
Dimensions: Height: 210mm, Width: 140mm, Spine: 2mm
Weight: 308g
ISBN: 9780300209396
ISBN 10: 0300209398
Pages: 256
Publication Date: 08 January 2015
Audience: College/higher education , Professional and scholarly , A / AS level , Further / Higher Education
Format: Paperback
Publisher's Status: Active

William D. Nordhaus, winner of the 2018 Nobel Prize in Economics and Sterling Professor of Economics at Yale University, is the author of The Climate Casino: Risk, Uncertainty, and Economics for a Warming World. He lives in New Haven, CT.