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16th of October 2018

International



Nobel in economics goes to two Americans for studying climate change and sustainable growth - Los Angeles Times

In the 1970s, Nordhaus, already alarmed by the threat of global warming, began working on potential solutions. Gradually, he developed models to guide policymakers in balancing the economic costs and the societal benefits of combating carbon emissions. Nordhaus concluded that the most efficient approach was to deploy carbon taxes, applied uniformly to different countries.

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