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A Question of Balance : Weighing the Options on Global Warming Policies - William D. Nordhaus

A Question of Balance

Weighing the Options on Global Warming Policies

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As scientific and observational evidence on global warming piles up every day, questions of economic policy in this central environmental topic have taken center stage. But as author and prominent Yale economist William Nordhaus observes, the issues involved in understanding global warming and slowing its harmful effects are complex and cross disciplinary boundaries. For example, ecologists see global warming as a threat to ecosystems, utilities as a debit to their balance sheets, and farmers as a hazard to their livelihoods.


In this important work, William Nordhaus integrates the entire spectrum of economic and scientific research to weigh the costs of reducing emissions against the benefits of reducing the long-run damages from global warming. The book offers one of the most extensive analyses of the economic and environmental dynamics of greenhouse-gas emissions and climate change and provides the tools to evaluate alternative approaches to slowing global warming. The author emphasizes the need to establish effective mechanisms, such as carbon taxes, to harness markets and harmonize the efforts of different countries. This book not only will shape discussion of one the world’s most pressing problems but will provide the rationales and methods for achieving widespread agreement on our next best move in alleviating global warming.

"Nordhaus's careful modeling of the world climate and the world economy is a cool breeze of common sense in an arena of discourse often dominated by torrents of hot air."--Dale Jorgenson, Samuel W. Morris University Professor of Economics, Harvard University--Dale Jorgenson

Acknowledgmentsp. ix
Introductionp. xi
Summary for the Concerned Citizenp. 1
Background and Description of the DICE Modelp. 30
Derivation of the Equations of the DICE-2007 Modelp. 38
Alternative Policies for Global Warmingp. 65
Results of the DICE-2007 Model Runsp. 80
The Economics of Participationp. 116
Dealing with Uncertainty in Climate-Change Policyp. 123
The Many Advantages of Carbon Taxesp. 148
An Alternative Perspective: The Stern Reviewp. 165
Summary and Conclusionsp. 192
Equations of the DICE-2007 Modelp. 205
Notesp. 211
Referencesp. 219
Indexp. 227
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780300137484
ISBN-10: 0300137486
Audience: Professional
Format: PDF
Language: English
Number Of Pages: 256
Published: 24th June 2008
Country of Publication: US