Markets Magazine
Nobel Laureate Nordhaus Sees Cause for Hope In the ‘Spirit of Green’
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It’s been almost three years since William Nordhaus became the first economist to win a Nobel Prize for research on climate change. Now the Yale professor, who turns 80 at the end of May, has a new book out with a note of optimism. The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World describes how fields from economics and finance to ethics and chemistry can rise to the challenge of protecting the planet. Even households can do a little to help a lot. A decade in the works, Nordhaus’s book also draws on lessons from the coronavirus pandemic to show what’s needed to save the world from the threat of global warming. He spoke with Bloomberg Markets in early April.
What is the “spirit of Green” with a capital G?