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The Climate Casino: Risk, Uncertainty, and Economics for a Warming World by William D. Nordhaus


30/11/ · “The Climate Casino,” by William Nordhaus, provided compelling answers to my unanswered questions in a comprehensive and lucid way. It is a one-stop source on global warming, seen through the Estimated Reading Time: 4 mins 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 To download The Climate Casino: Risk, Uncertainty, and Economics for a Warming World eBook, make sure you click the hyperlink below and download the document or get access to other information that are relevant to THE CLIMATE CASINO: RISK, UNCERTAINTY, AND ECONOMICS FOR A WARMING WORLD ebook. Our web service was launched having a wish to function as a total on the web




the climate casino pdf download


The climate casino pdf download


Goodreads helps you keep track of books you want to read. Want to Read saving…. Want to Read Currently Reading Read. Other editions. Enlarge cover. Error rating book. Refresh and try again. Open Preview See a The climate casino pdf download Details if other :.


Thanks for telling us about the problem. Return to Book Page. Preview — The Climate Casino by William D. The Climate Casino: Risk, Uncertainty, and Economics for a Warming World by William D. The Nobel laureate for economics analyzes the politics and economics of climate change, and points the way to real solutions "A one-stop source on global warming, seen through the climate casino pdf download prism of a brilliant economist.


We have entered the Climate Casino and are rolling the global-warming dice, warns economist William Nordhaus. But the climate casino pdf download 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, the climate casino pdf download, Nordhaus describes the science, economics, and politics involved—and the steps necessary to reduce the perils of global warming, the climate casino pdf download.


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: from the beginning, where warming originates in our personal energy use, to the end, where societies employ regulations or taxes or subsidies to slow the emissions of gases responsible for climate change, the climate casino pdf download.


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.


In short, he clarifies a defining problem of our times and lays out the next critical steps for slowing the trajectory of global warming. Get A Copy. Hardcoverpages. Published October 22nd by Yale University Press first published January 1st More Details Other Editions 5.


All Editions Add a New Edition Combine. Friend Reviews. To see what your friends thought of this book, please sign up. To ask other readers questions about The Climate Casinoplease sign up. gms But how can I execute it? And where are the instructions? See 1 question about The Climate Casino…. Lists with This Book. Community Reviews. Showing Average rating 4. Rating details. More filters. Sort order. Start your review of The Climate Casino: Risk, Uncertainty, and Economics for a Warming World, the climate casino pdf download.


Dec 10, Keith Akers rated it liked it. This is a good but problematic book. Everyone concerned about climate change should be aware of it and the ideas it has, but some of these ideas are flawed, most notably what Nordhaus says about economic growth.


What follows is my lengthy commentary. The world has serious problems, such as climate change, peak oil, and resource depletion generally, the climate casino pdf download. The climate casino pdf download case in point is the recent book The Climate Casino: Risk, Uncertainty, and Economics for a Warming World the climate casino pdf download William Nordhaus, the climate casino pdf download.


His book is quite insightful on several levels. The Climate Casino is a disturbing book, but unfortunately some of what makes it disturbing is not intentional on the part of the author. On the positive side, the climate casino pdf download, his book is accessible to a reasonably smart person without any special technical knowledge, the climate casino pdf download.


He believes that climate change is real and that we need to do something about it. So this is by no means a useless book. But there are a number of very serious problems with his approach. Here are some issues: 1. Limits to Growth. In fact, the economy is going to be so much bigger, that future economic growth is going to help pay for the costs of dealing with climate change. This means that the typical citizen of Chad or Somalia will, inhave a better standard of living than I do today in the U.


Even without factoring in population increases 9 billion? Nordhaus is relying on future economic growth to pay for climate change mitigation and adaptation. We need some sort of explanation here. Most likely, it sounds like a fantasy because it is a fantasy. On the face of it, if the economy increases by a factor of 10, energy use will need to increase by a factor of 10, the climate casino pdf download, or perhaps with hugely increased efficiency an increase of a mere 3, 5, or 8 times over what we now use.


Are we going to be burning 3, 5, 8, or 10 times the coal and oil that we now use? Or throw up huge quantities of solar panels and wind turbines? Anyone who has been keeping up with the news knows that energy has become hugely more expensive in the past couple of decades; oil increased in price eight-fold between and Despite these huge increases in price, we have had only a slight increase in oil supplies, at a huge environmental cost as well think Alberta tar sands, think Gulf oil spill.


Excuse me? Is this what economic growth is going to look like? Most likely, peak oil will occur fairly soon, and even maintaining the energy status quo will become quite difficult.


Increasing energy supplies by a the climate casino pdf download of 10, or even 3, needs some kind of explanation.


The only way out for the poverty-stricken masses, he suggests, is through economic growth. Nordhaus has completely distorted ecological economics. Daly says: - - - - - We define growth as an increase in throughput, which is the flow of natural resources from the environment, through the climate casino pdf download economy, and back to the environment as waste.


While growth must end, this in no way implies an end to developmentwhich we define as qualitative change, realization of potential, evolution toward an improved, but not larger, structure or system. Ecological Economics: Principles And ApplicationsDaly and Farley, p.


Ecological economics does not call for an end to economic developmentmerely to physical growth. Ecological Economics: Principles And Applicationsthe climate casino pdf download, p.


Total physical throughput is the problem. If you can make the economy bigger without increasing total physical quantities of materials and energy used, then hooray and more power to you. Economic redistribution. If Nordhaus had bothered to read Daly any further, he would have also seen that another key point of the ecological economists is that we need to redistribute the wealth.


A lot of poverty in the world is simply due to the oppressive and increasing inequality. It is manifestly not the case that our only means to deal with poverty is to increase the size of the economy.


We could redistribute some of the wealth out of the hands of the super-rich and give the poverty-stricken masses a stake in saving the planet. Dealing with the climate in a declining economy. The really challenging problem — and one which I would much prefer to see economists address — is how to deal with climate change in a world of declining resources, instead of just assuming that economic growth will solve everything.


When there is general recognition of a crisis situation, as when the Japanese attacked Pearl Harbor inthe nation can rise to the occasion. A crisis will be needed to mobilize the country, but that will probably come soon enough.


When resource depletion starts to bite and the economy starts to tank again, as it did inthere will be a good opportunity to address the underlying problems.


We need to embrace limits rather than run from them. We will need to have buy-in from the lower classes, and that means income redistribution on a fairly massive scale. If there is assurance that our society will support those at the bottom — that we will not simply turn the poor into the homeless, as we are doing today — then it makes sense to ask people for wide-ranging changes in society and culture.


One effective way of combating climate change which will actually improve the economy is to eliminate livestock agriculture. Livestock agriculture is responsible for over half of all greenhouse gas emissions. Much of climate change is due to the radical changes in land use we have seen in the 20th century. The whole balance between plants which respire oxygen and animals which respire carbon dioxide has been upset, and the plant-animal imbalance is now responsible for a significant surplus of carbon dioxide.


On top of that, all those cows are producing methane, a significant greenhouse gas. To really fight this thing we are going to need the maximum contribution of ideas and energy.


If you are relying on economic growth to pay for climate change, then your plan is fundamentally flawed. flag 16 likes · Like · see review.


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Making Sense of Climate Projections

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The climate casino pdf download


the climate casino pdf download

The Climate Casino rejects a target approach, such as the two-degree limit, as neither scientific nor economic, but this risk-management policy approach geared to avoid serious damage was the centrepiece of the United Nations Framework Convention on Climate Change and repeated at the Copenhagen Conference of the Parties. A related question is whether The Climate Casino may be 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 1/1/ · The Climate Casino is an unbiased, common sense and well-written guide to the effects, economics and policy options for dealing with carbon emissions and climate change. The book is simultaneously accessible and technical, presenting difficult science and economic concepts in readily understandable terms. Dr. Nordhaus should be commended for this important contribution. I hope he 4/5()





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