Resumen del libro

Reseña: As scientific and observational evidence on global warming piles up every day, questions of economic policy in this central environmental topic have taken centre 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. 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.

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indice: 1 Summary for the Concerned Citizen 1 2 Background and Description of the DICE Model 30 3 Derivation of the Equations of the DICE-2007 Model 38 4 Alternative Policies for Global Warming 65 5 Results of the DICE-2007 Model Runs 80 6 The Economics of Participation 116 7 Dealing with Uncertainty in Climate-Change Policy 123 8 The Many Advantages of Carbon Taxes 148 9 An Alternative Perspective: The Stern Review 165 10 Summary and Conclusions 192 App Equations of the DICE-2007 Model 205 Notes 211 References 219 Index

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