The Climate Casino

Nordhaus was one of the first economists to explain the nature of climate change and why dealing with it is of economic importance.  In this book, he uses his DICE (Dynamic Integrated Climate and Economy) model to help explain --- at a textbook level --- how unrestricted GHG emissions can cause climate change to occur and lead to serious problems in the future. He also utilizes the model to illustrate some of the uncertainties we face when thinking about the climate system and when trying to predict the changes to expect under different policies. The book thereby provides students (and… show more.