Nobel prize-winning economics of climate change is misleading and dangerous – here's why
- Written by Steve Keen, Honorary Professor of Economics, UCL
John O'Nolan/Unsplash, FALWhile climate scientists warn that climate change could be catastrophic, economists such as 2018 Nobel prize winner William Nordhaus assert that it will be nowhere near as damaging. In a 2018 paper published after he was awarded the prize, Nordhaus claimed that 3°C of warming would reduce global GDP by just 2.1%,...
