Economics
Ignoring Climate Change Just Got More Expensive
A leading economist looks at what the world is doing to slow global warming. His conclusion: not much.
This article is for subscribers only.
If President-elect Donald Trump stops taking climate change into account when making federal energy policy, he’ll do so just as a leading projection of climate-related costs bolts upward.
William Nordhaus of Yale University is a central figure in the study of climate change and economics. In the early 1990s he developed what became the leading computer model for studying the effects of warming on the global economy. The Dynamic Integrated model of Climate & the Economy (DICE) has long given resource economists, students, and policymakers an opportunity to test how different scenarios might lead to quite different future climates.