William D. Nordhaus

In this engaging discussion, Nobel laureate William Nordhaus, a Yale economics professor, delves into the complexities of pricing carbon emissions. He explains the social cost of carbon and its relevance for public policy and future generations. The challenges of predicting climate change damages are explored, highlighting the ethical dilemmas in discount rates. Nordhaus also contrasts market-driven behaviors with moral imperatives in carbon pricing, providing insight into the ongoing debate over achieving a balance between immediate economic gains and long-term environmental sustainability.