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  • Influence
A Question of Balance: Weighing the Options on Global Warming Policies
As scientific and observational evidence on global warming piles up every day, questions of economic policy in this central environmental topic have taken centre stage. But as author and prominent
Managing the Global Commons: The Economics of Climate Change
  • W. Nordhaus
  • Economics, Environmental Science
  • 4 October 1994
Part 1 Modelling the economics of climate change: the structure and derivation of the DICE model macrogeophysics - derivation oof the climate and carbon-cycle equations geoeconomics - energy,
Warming the World: Economic Models of Global Warming
Humanity is risking the health of the natural environment through a myriad of interventions, including the atmospheric emission of trace gases such as carbon dioxide, the use of ozone-depleting
To Slow or Not to Slow: The Economics of the Greenhouse Effect
Over the last decade, scientists have studied extensively the greenhouse effect, which holds that the accumulation of carbon dioxide (CO2) and other greenhouse gases (GHGs) is expected to produce
A Review of the Stern Review on the Economics of Climate Change
How much and how fast should we react to the threat of global warming? The Stern Review argues that the damages from climate change are large, and that nations should undertake sharp and immediate
Revisiting the social cost of carbon
  • W. Nordhaus
  • Economics
    Proceedings of the National Academy of Sciences
  • 31 January 2017
Significance The most important single economic concept in the economics of climate change is the social cost of carbon (SCC). At present, regulations with more than $1 trillion of benefits have been
A Regional Dynamic General-Equilibrium Model of Alternative Climate-Change Strategies
Most analyses treat global warning as a single-agent problem. The present study presents the Regional Integrated model of Climate and the Economy (RICE) model. By disaggregating into countries, the
Economic aspects of global warming in a post-Copenhagen environment
  • W. Nordhaus
  • Economics, Environmental Science
    Proceedings of the National Academy of Sciences
  • 14 June 2010
It is unlikely that the Copenhagen temperature goal will be attained even if countries meet their ambitious stated objectives under the Copenhagen Accord, according to an updated version of the regional integrated model of climate and the economy (RICE model).
An Optimal Transition Path for Controlling Greenhouse Gases
The dynamic integrated climate-economy (DICE) model, an intertemporal general-equilibrium model of economic growth and climate change, can be used to investigate alternative approaches to slowing climate change.