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The Climate Casino: Risk, Uncertainty, and Economics for a Warming World, by William D. Nordhaus
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Climate change is profoundly altering our world in ways that pose major risks to human societies and natural systems. We have entered the Climate Casino and are rolling the global-warming dice, warns economist William Nordhaus. But there is still time to turn around and walk back out of the casino, and in this essential book the author explains how.�Bringing together all the important issues surrounding the climate debate, Nordhaus describes the science, economics, and politics involved—and the steps necessary to reduce the perils of global warming. Using language accessible to any concerned citizen and taking care to present different points of view fairly, he discusses the problem from start to finish: from the beginning, where warming originates in our personal energy use, to the end, where societies employ regulations or taxes or subsidies to slow the emissions of gases responsible for climate change.�Nordhaus offers a new analysis of why earlier policies, such as the Kyoto Protocol, failed to slow carbon dioxide emissions, how new approaches can succeed, and which policy tools will most effectively reduce emissions. In short, he clarifies a defining problem of our times and lays out the next critical steps for slowing the trajectory of global warming.
- Sales Rank: #610144 in Books
- Published on: 2013-10-22
- Original language: English
- Number of items: 1
- Dimensions: 9.25" h x 1.06" w x 6.13" l, 1.56 pounds
- Binding: Hardcover
- 392 pages
Most helpful customer reviews
35 of 36 people found the following review helpful.
A Great Book for Understanding Approaches to Solving The Global Warming Problem
By Gerald R. North
I have been a climate scientist for more than 30 years, always staying away from voicing my opinion about policy issues. This book among other recent events has caused me to speak out more. The case for coal being the dominant cause of AGW is made convincingly in this book. Most other fixes are inconsequential. The various alternative approaches to dealing with the problem are explained clearly. Taxation of carbon via cap and trade or a direct tax is covered nicely. Another key principle often misunderstood by the public is discounting, again explained and illustrated well. This is a great book, clearly written and accessible to all who want to know more about the subject. I hope it is read by millions of caring citizens.
Gerald R. North
6 of 6 people found the following review helpful.
Good primer on climate, but limited by economist perspective
By George
This an easy to read introduction to climate change. Norhaus reviews the technical aspects and the policy history well. He makes a good case for some kind of carbon pricing to reduce greenhouse gas emissions. The book suffers from the tendency, perhaps common among economists, to discount the role of power in society. He comes to it near the end of the book, but it is unsatisfying. Also, he dismisses any role for government aside from the institution of a carbon tax. I agree this is an effective mechanism for fighting climate change, but other regulations and incentives are given short shrift in the discussion. Indeed, he can be so dismissive that his analysis suffers. Still, I use Climate Casino in a college classroom to discuss climate change and it is valuable as long as other readings or discussion can fill in the gaps and provide a more complete context.
2 of 2 people found the following review helpful.
Updated information along with a practical, business oriented approach to climate change
By W. A. Peterson
Bill Nordhaus does a great job of approaching climate change from a risk management, business oriented approach, incorporating new information from scientists about the risks of climate change. And he summarizes by considering practical political limitations to getting anything done. With the latest data on the impacts of projected CO2 and Temperature within likely ranges we will see, he shows impacts over the range, costs to avoid the worst tipping points, etc. His discussion of tipping points is especially helpful as the risk of triggering catastrophic impacts hinges around tipping points, understanding them, assessing our odds of tripping them, and evaluating the costs of options we have in the near term for optimizing our strategies to try to avoid passing any of these catastrophic thresholds. I'm hoping my generation (the baby boomers) won't be held responsible for catastrophic climate change, and while things are not looking too good right now, this PhD economist provides some valuable tools to the practical among us who want to deal with this as optimally as possible. I hope more of us read his book and give this huge challenge some serious consideration.
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