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Kelvin Thuranira kaberia

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Climate idea

The Latest Nobel Winner Has a Different Approach to Solving Climate Change

He also took issue with the discount rate applied to spending later vs. spending now in Nordhaus’s models. The basic idea is that a dollar spent today to mitigate the effects of climate change is more valuable than one spent in 2050. But the rates Nordhaus uses — which he derives from real-world investment returns — implies that in order for spending now to be worth it later, the benefits in 2050 or 2100 must be very, very large.




The Latest Nobel Winner Has a Different Approach to Solving Climate Change

The Latest Nobel Winner Has a Different Approach to Solving Climate Change

Daron Acemoglu and William Nordhaus have some disagreements.

https://heatmap.news/economy/nobel-prize-daron-acemoglu-climate




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41 more agrees trigger contact with the recipient

  • Jane Wangui

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    6 w

    It's about time that we all did act now before the issue of Climate change becomes irreversible.

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    • rosebellendiritu

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      6 w

      He's right if we don't act now and bring change...we will not save an already destroyed planet in the future.

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      • Annett Michuki..

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        6 w

        đź’šđź’šđź’š

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        Re-watch all our COP29 broadcasts

        We need to stop methane and #BuyMoreTime