A Review of The Climate Casino: Risk, Uncertainty and Economics for a Warming World by William Nordhaus
In The Climate Casino, William Nordhaus covers the entire range of climate issues: the science, impacts and damages, mitigation possibilities, domestic and international policy options, and politics.
The book's main messages are that humans are almost certainly causing climate changes unprecedented during the emergence of civilization, mainly by burning fossil fuels, and that the resultant warming is a major threat to societies and the natural world. The only genuine solution is to reduce emissions by changing the practices of billions of people, businesses and governments around the world through market mechanisms, specifically by creating an economic penalty or "price" for carbon emissions.
Robert Repetto's review of Nordhaus's ends with a strong recommendation for the even-handed exploration of the issues surrounding climate change.
You might also be interested in
Canadians increasingly feeling effects of water-related challenges and want governments to act: New poll
Almost three in four Canadians say improving water infrastructure is urgent, with growing support for natural infrastructure solutions.
Why the Scope of Taxes Covered Will Determine the Success of the UN Framework Convention’s Services Protocol
This article analyzes the UNFCITC draft protocol on cross-border services and its ambitious proposal to cover digital service taxes and quasi-income levies.
Strait of Hormuz Closure: Implications for African trade resilience
David Beer explores how the crisis in the Middle East is impacting African supply chains, while considering how the continent could turn this disruption into lasting gains for regional trade.
How the Hormuz Blockade Hit Asia
William George and Lynn Hughes assess how China, Japan, and Vietnam are navigating the fallout of the Strait of Hormuz closure and what it reveals about the state of energy security across Asia.