The Climate Casino

by | 18 Aug 2019 | Climate – Environment

At the time of its publication in English in 2014, the New York Times had evoked a reference “all in one” on global warming, tackled through the prism of a brilliant economist.

William D. Nordhaus is a Professor of Economics at Yale University and has since been awarded the Nobel Prize for Economics in 2018. He has been studying global warming for forty years and has written extensively on this subject. He lives in New Haven, Connecticut.

The French version of one of his most famous book has just been published under the same title as in English : The Climate Casino: Risk, Uncertainty, and Economics for a Warming World”.

The 2018 Nobel Prize in Economics analyzes there the politics and economics of environmental issues and suggests concrete solutions.

Climate change is changing our world in depth in a variety of ways that pose daunting risks to human societies and natural systems. We entered the Climate Casino and launched the warming dice, warns William D. Nordhaus. But we still have time to turn on one’s heels and get out of this casino. In this essential book, the author explains how.

Dealing with all the important issues surrounding the climate debate, he describes the scientific, economic and political aspects involved … as well as the measures needed to reduce the dangers of global warming.

In terms accessible to any engaged citizen, and taking care to objectively present different points of view, he exposes the problem from the beginning, the warming being originated in our individual use of energy, to the end, the necessary regulations, taxes or subsidies to give a price to the emissions of gases responsible for climate change.

William Nordhaus offers here a fresh analysis of why early policies, such as the Kyoto Protocol, have failed to reduce emissions of carbon dioxide and other greenhouse gases. He demonstrates how new approaches can be successful and which policy tools will most effectively reduce emissions.

To read, back from vacation!

NB: You can also listen to his speech at the Nobel ceremony at Aula Magna in Stockholm on December 9, 2018: Climate Change: The Ultimate Challenge for Economics.

Iconography: Professor William D. Nordhaus attends a press conference after winning the 2018 Nobel Prize in Economic Sciences, at Yale University in New Haven, Connecticut on October 8, 2018. © Eduardo Munoz Alvarez / Getty Images