The Climate Casino: Risk, Uncertainty, and Economics for a Warming World

Front Cover
Yale University Press, Oct 22, 2013 - Business & Economics - 378 pages
Climate change is profoundly altering our world in ways that pose major risks to human societies and natural systems. We have entered the Climate Casino and are rolling the global-warming dice, warns economist William Nordhaus. But there is still time to turn around and walk back out of the casino, and in this essential book the author explains how.div /DIVdivBringing together all the important issues surrounding the climate debate, Nordhaus describes the science, economics, and politics involved—and the steps necessary to reduce the perils of global warming. Using language accessible to any concerned citizen and taking care to present different points of view fairly, he discusses the problem from start to finish: from the beginning, where warming originates in our personal energy use, to the end, where societies employ regulations or taxes or subsidies to slow the emissions of gases responsible for climate change./DIVdiv /DIVdivNordhaus offers a new analysis of why earlier policies, such as the Kyoto Protocol, failed to slow carbon dioxide emissions, how new approaches can succeed, and which policy tools will most effectively reduce emissions. In short, he clarifies a defining problem of our times and lays out the next critical steps for slowing the trajectory of global warming./DIV
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

A Tale of Two Lakes
12
Future Climate Change
36
Tipping Points in the Climate Casino
50
IMPACTS OF CLIMATE CHANGE ON HUMAN
67
The Impact on Human Health
91
Perils for the Oceans
100
Intensification of Hurricanes
116
Wildlife and Species Loss
122
POLICIES AND INSTITUTIONS FOR SLOWING CLIMATE CHANGE
195
Historical Perspectives on Climate Policy
199
Climate Policy by Balancing Costs and Benefits
205
The Central Role of Carbon Prices
220
ClimateChange Policies at the National Level
233
From National to Harmonized International Policies
244
Second Best and Beyond
259
New Technologies for a LowCarbon Economy
274

Adding Up the Damages from Climate Change
135
STRATEGIES AND COSTS
147
Adaptation and Geoengineering
149
Mitigation
157
The Costs of Slowing Climate Change
169
Discounting and the Value of Time
182
CLIMATE POLITICS
291
Public Opinion on Climate Change
305
Obstacles to ClimateChange Policies
316
Notes
327
Index
365
Copyright

Other editions - View all

Common terms and phrases

About the author (2013)

William Nordhaus is Sterling Professor of Economics at Yale University. He has studied and written extensively about global warming for four decades and is author of the award-winning A Question of Balance: Weighing the Options on Global Warming Policies, published by Yale University Press. He lives in New Haven, CT.

Bibliographic information