Summary of After Nobel in Economics, William Nordhaus Talks About Who’s Getting His Pollution-Tax Ideas Right

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After Nobel in Economics, William Nordhaus Talks About Who’s Getting His Pollution-Tax Ideas Right summary
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With the Trump administration dismissing the idea of climate change – and even rolling back some efforts to deal with it – a sense of urgency in handling the phenomenon’s impacts is emerging. Nobel Prize-winning economist William D. Nordhaus presents his thoughts on why carbon taxes could work, if implemented properly. His succinct and illuminating question-and-answer session with journalist Coral Davenport of The New York Times offers a quick primer on the issues involved for policy experts, economists and citizens concerned about climate change.

In this summary, you will learn

  • What consequences climate change is creating, 

  • Why the cap-and-trade approach to limiting pollution isn’t working, and

  • How policy makers can use carbon taxes to reduce emissions.

 

About the Author

Coral Davenport is a reporter who covers energy and environmental policy for The New York Times.

 

Summary

William D. Nordhaus, a Nobel prize winner in economics, has strong views on how governments have gone about applying his ideas on pollution taxes in their bids to stem the damage from climate change. Nordhaus sees the European Union’s efforts as a “catastrophic failure.” Other countries, including Canada and South Korea, have had more success with their implementations by touting the taxpayer benefits of this approach.


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