William Nordhaus

William Nordhaus is an American economist known for his work on the economics of climate change. He developed models that assess the economic impacts of global warming and advocate for policies to mitigate its effects. His notable research includes the idea of a carbon tax, which aims to reduce greenhouse gas emissions by imposing costs on carbon pollution. In 2018, he was awarded the Nobel Prize in Economic Sciences for integrating climate change into long-term macroeconomic analysis, highlighting the importance of addressing environmental issues in economic planning and policy. Nordhaus emphasizes the balance between economic growth and environmental sustainability.