By Lydia DePillis
By Ben Jones/New York Times
Quotes in NYT article on the economists’ policy approaches to climate change, together with Bill Nordhaus, Bob Kopp, Heather Boushey, Rhiana Gunn-Wright, Ryan Kellogg, Jim Stock, Madison Condon, Sarah Bloom Raskin, and Carter Price:
In his Nobel speech in 2018, Dr. Nordhaus pegged the “optimal” carbon price — that is, the shared economic burden caused by each ton of emissions — at $43 in 2020. Gernot Wagner, a climate economist at Columbia Business School, called it a “woeful underestimate of the true cost” — noting that the prize committee’s home country already taxed carbon at $120 per ton.
In: “Pace of Climate Change Sends Economists Back to Drawing Board” by Lydia DePillis, New York Times (25 August 2022).
Also see, for example: “Climate Economics Nobel May Do More Harm Than Good” by Marlowe Hood, Agence France-Presse (6 July 2020). And e.g.: “Economics Needs a Climate Revolution” with Tom Brookes, Project Syndicate (28 June 2021).