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A Question of Balance - Weighing the Options on Global Warming Policies (Paperback)
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A Question of Balance - Weighing the Options on Global Warming Policies (Paperback)
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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.
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