The Climate Casino
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The Climate Casino

Risk, Uncertainty, and Economics for a Warming World

William D. Nordhaus

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  2. English
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  4. Available on iOS & Android
eBook - PDF

The Climate Casino

Risk, Uncertainty, and Economics for a Warming World

William D. Nordhaus

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About This Book

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.

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Information

Publisher
Yale University Press
Year
2013
ISBN
9780300203813
Edition
1
Topic
Economics
Subtopic
Environmental Economics
Index
Economics
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