Gambling on the Climate

There is a great need for a better understanding of climate change. Public statements range from denial and indifference to outright panic and suggestions of policies that are physically impossible or enormously costly. William Nordhaus’s Climate Casino provides an antidote to both. Written for the public, it provides a sensible walk through the science and the economics of climate change, debunking claims of the deniers, the indifferent, and the panicking. It makes a strong case for finding a balance between the costs and benefits of emissions reductions, and finding effective policies. Nordhaus has provided a tremendous service in writing this book. If our policies were as sensible as his recommendations, we would be in a far better place…

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