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Home Contact us Help Free delivery worldwide. Risk, Uncertainty, and Economics for a Warming World. Description The Nobel laureate for economics analyzes the politics and economics 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: 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.
This book among other recent events has caused me to speak out more. The case for coal being the dominant cause of AGW is made convincingly in this book.
Most other fixes are inconsequential. The various alternative approaches to dealing with the problem are explained clearly. Taxation of carbon via cap and trade or a direct tax is covered nicely.
Another key principle often misunderstood by the public is discounting, again explained and illustrated well.
This is a great book, clearly written and accessible to all who want to know more about the subject. I hope it is read by millions of caring citizens.
I was expecting a more dogmatic book pushing a specific agenda. That is not the case here. I thought Nordhaus spoke well about the limitations of modelling climate change and was even handed in presenting the costs and benefits of action.
We should take steps to limit carbon emissions, not because there is a definite and known outcome, but rather because there is a higher likely hood of negative outcomes the "casino".
Such even handedness is apparent in such statements: If governments are going to tax anything, it makes sense to tax pollution.
That would provide a pricing mechanism to the market to choose less polluting facilities and would incentivize the creation of new technologies.
Given that the costs are not great, a carbon tax would not need to be high. Bill Nordhaus does a great job of approaching climate change from a risk management, business oriented approach, incorporating new information from scientists about the risks of climate change.
And he summarizes by considering practical political limitations to getting anything done. With the latest data on the impacts of projected CO2 and Temperature within likely ranges we will see, he shows impacts over the range, costs to avoid the worst tipping points, etc.
His discussion of tipping points is especially helpful as the risk of triggering catastrophic impacts hinges around tipping points, understanding them, assessing our odds of tripping them, and evaluating the costs of options we have in the near term for optimizing our strategies to try to avoid passing any of these catastrophic thresholds.
I hope more of us read his book and give this huge challenge some serious consideration. Sober analysis looking at data as economist and scientist is what is promised and delivered.
The analogy of a casino is apt as he explains that there is still uncertainty in many elements of the the science and economics. But if we want the odds to be more in our favor, we better be looking very seriously at taxing carbon--like now.
One part I liked: He explains how there have been many dis-information campaigns in the past, such as with the tobacco industry denying that smoking caused cancer.
He shows the challenge we face now is much more immense, since the window for preventing much more costly adaptations is closing rapidly.
This book provides me the knowledge and language to speak out to my legislators and neighbors without sounding like an ideologue.
The first chapter says we have to educate the public. Everybody with a problem or wants to change the world starts off with this idea.
The problems we face are probably extremely serious and I will depend on scientists, entrepreneurs, dictators, and eventually elected officials to work on solving them.
After the slow start the book becomes fascinating as the author looks at climate changes from economics. Ultimately, this message, delivered by a number-crunching economist rather than a morally outraged environmentalist, may prove far more effective in making the case for action.
There is more insight and good sense advice in this volume than in many libraries. It does so with wonderful clarity. John Heinz Center for Science, Economics, and the Environment "The Climate Casino is a tour de force and will make a real impact in the popular literature on climate change.
His new book, The Climate Casino, marks a long-awaited update and synthesis of this work for the public and students everywhere.
Nordhaus repeatedly and rightly reminds the reader of the risks of catastrophic tipping points and the huge unknowns concerning the ability of societies and ecosystems to adapt to the changes ahead.
Sachs, The Earth Institute at Columbia University "This is a book written by a master of the field after more than twenty years of research o.