Climate Change: The Ultimate Challenge for Economics
By William Nordhaus. The American Economic Review, 2019
746 citations recorded by the source corpus.
William D. Nordhaus delivered his Prize Lecture on 8 December 2018 at the Aula Magna, Stockholm University.
Subfields: Economics and Econometrics, Global and Planetary Change, Renewable Energy, Sustainability and the Environment
View Paper: https://www.semanticscholar.org/paper/d8f7152e8721b4159b5ac4144ef313005055c861
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In Economics and Econometrics
In Global and Planetary Change
In Renewable Energy, Sustainability and the Environment
Citations in the corpus
- The appallingly bad neoclassical economics of climate change (2020, positive): “…on GDP of a 4°C increase in temperature – the level he describes as optimal in his ‘ Nobel Prize ’ lecture, since according to his model, it minimises the joint costs of damage and abatement (Nordhaus, 2018a, Slides 6 & 7) – was reduced from a 7% fall in 1992 to a 3.6% fall in 2018 (see Figure 5).”
- Investor rewards to environmental responsibility: Evidence from the COVID-19 crisis (2021, neutral): “Climate change and the large financial risks it imposes on companies represent a key economic challenge (e.g., Carney, 2015; Litterman, 2017; Nordhaus, 2019).”