The Climate Casino

By William Nordhaus. 2013

293 citations recorded by the source corpus.

The world's leading economic thinker on climate change analyzes the economics and politics of the central environmental issue of today and points the way to real solutions 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. Bringing 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. Nordhaus 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.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/f1418db6864933ccfd13143c0979891c055e8c1d

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Citations in the corpus

From intention to action: Can nudges help consumers to choose renewable energy? (2014, background): “One of the most pressing environmental problems is climate change (Nordhaus, 2013; Stern, 2006).”
The appallingly bad neoclassical economics of climate change (2020, unknown): “Emphasis added) In The Climate Casino (Nordhaus, 2013), Nordhaus states that: There have been a few systematic surveys of tipping points in earth systems.”
The Demise of U.S. Economic Growth: Restatement, Rebuttal, and Reflections (2014, unknown): “Nordhaus, William D. (2013).”
Evaluating process-based integrated assessment models of climate change mitigation (2017, methodology): “Examples of cost-benefit integrated assessment models include DICE (Nordhaus 2013), PAGE (Hope and Hope 2013), and FUND (Anthoff and Tol 2013).”
The climate beta (2018, methodology): “We assume that the marginal propensity to save is exogenous and we use Nordhaus’ (2013) time series of values, whereby it varies over time, but is always c. 0.23− 0.24.”
The Economic Impacts of Climate Change (2018, background): “Although there continues to be a vigorous debate about climate targets in the long-term (Stern et al. 2006; Nordhaus 2013), most economists agree that a sensible climate policy starts modestly and then accelerates (Wigley, Richels, and Edmonds 1996’ Goulder and Mathai 2000).”
Consumer stated preferences for dairy products with carbon footprint labels in Italy (2020, background): “In addition, though the most cost-effective ways to reduce GHG are carbon taxes and cap and trade systems (Nordhaus 2013; Stern 2007), these economic instruments are unlikely to be implemented in the near future in the agricultural sector, both in the EU (Coderoni and Esposti 2018) and in the…”
The Use and Misuse of Models for Climate Policy (2015, unknown): “Indeed, in his book, The Climate Casino, Nordhaus (2013) uses his Dynamic Integrated Climate and Economy (DICE) D ow nloaded from https://academ ic.oup.com /reep/article-abstract/11/1/100/3066301 by guest on 03 M ay 2019 model to help explain—at a textbook level—how unrestricted GHG emissions can…”