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.
eBook - PDF
The Climate Casino
Risk, Uncertainty, and Economics for a Warming World
- 392 pages
- English
- PDF
- Available on iOS & Android
eBook - PDF
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Information
FIRST
ENCOUNTERS
IN
THE
CLIMATE
CASINO
11
growth
and
distorted
price
signals
from
the
market
lead
to
rapidly
ris-
ing
emissions
of
CO
2
into
the
atmosphere.
The
arrow
then
moves
to
the
box
at
the
upper
right,
where
the
CO
2
concentrations
and
other
forces
lead
to
major
changes
in
the
climate
system.
The
changing
climate
then
produces
impacts
on
human
and
natu-
ral
systems
in
the
box
on
the
lower
right.
Finally,
the
box
on
the
lower
left
shows
societal
responses
to
the
threat
of
climate
change.
The
arrows
in
Figure
1
represent
the
linkages
between
the
different
parts
of
the
economy-climate-impacts-politics-economy
nexus.
How-
ever,
the
last
two
arrows
are
dashed
with
question
marks.
These
links
do
not
yet
exist.
As
of
2013,
there
are
no
effective
international
agree-
ments
to
limit
the
emissions
of
CO
2
and
other
green
house
gases.
If
we continue
along
our
current
path
of
virtually
no
policies,
then
the
dashed
arrows
will
fade
away,
and
the
globe
will
continue
on
the
dan-
gerous
path
of
unrestrained
global
warming.
Table of contents
- Contents
- Acknowledgments
- Note to Readers
- Part I. The Genesis of Climate Change
- 1. First Encounters in the Climate Casino
- 2. A Tale of Two Lakes
- 3. The Economic Origins of Climate Change
- 4. Future Climate Change
- 5. Tipping Points in the Climate Casino
- Part II. Impacts of Climate Change on Human and Other Living Systems
- 6. From Climate Change to Impacts
- 7. The Fate of Farming
- 8. The Impact on Human Health
- 9. Perils for the Oceans
- 10. Intensification of Hurricanes
- 11. Wildlife and Species Loss
- 12. Adding Up the Damages from Climate Change
- Part III. Slowing Climate Change: Strategies and Costs
- 13. Dealing with Climate Change: Adaptation and Geoengineering
- 15. The Costs of Slowing Climate Change
- 16. Discounting and the Value of Time
- Part IV. Policies and Institutions for Slowing Climate Change
- 17. Historical Perspectives on Climate Policy
- 18. Climate Policy by Balancing Costs and Benefits
- 19. The Central Role of Carbon Prices
- 20. Climate-Change Policies at the National Level
- 21. From National to Harmonized International Policies
- 22. Second Best and Beyond
- 23. New Technologies for a Low-Carbon Economy
- Part V. Climate Politics
- 24. Climate Science and Its Critics
- 25. Public Opinion on Climate Change
- 26. Obstacles to Climate-Change Policies
- Notes
- Index
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