3min chapter

Tipping Point: The True Story of "The Limits to Growth" cover image

Where Are We Going, Really? (Part 3)

Tipping Point: The True Story of "The Limits to Growth"

CHAPTER

The Impact of Nordhaus' Models on Climate Change

Nordhaus was one of few mainstream economists to care about climate change at all. His models would be adopted by the United States Environmental Protection Agency and even the intergovernmental panel on climate change. In 2018, the economics community even awarded Nordhaus with the equivalent of a Nobel Prize for his efforts. By overestimating the cost of action and radically underestimating the use of inaction, the models developed by Nordhaus and his colleagues have arguably helped contribute to decades of climate delay.

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