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Nobel Prize Winner William Nordhaus vs. the IPCC on Climate Change

econlib.org

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Re: Nobel Prize Winner William Nordhaus vs. the IPCC on Climate Change

#2
This looks like an attempt to hijack the cred of a Nobel prize winner for the benefit of pushing the agenda of one "Free Market Institute" based at Texas Tech, in Lubbock Texas, the heart of Texas oil country. I would take everything in this article with a large grain of salt. Especially the characterization of positive steps toward addressing climate change as "mitigations" -- one person's mitigation is another person's highly sustainable renewable energy source that will create jobs at time of sale and installation, and pay dividends for decades to come.

Re: Nobel Prize Winner William Nordhaus vs. the IPCC on Climate Change

#5
post #2

This looks like an attempt to hijack the cred of a Nobel prize winner for the benefit of pushing the agenda of one "Free Market Institute" based at Texas Tech, in Lubbock Texas, the heart of Texas oil country. I would take everything in this article with a large grain of salt. Especially the characterization of positive steps toward addressing climate change as "mitigations" -- one person's mitigation is another pers…

Read the article (or don't) and assail its contents (or don't). Ad hominem is fundamentally unproductive.

Re: Nobel Prize Winner William Nordhaus vs. the IPCC on Climate Change

#6

There is no Nobel prize in economics. That does not exist.

Perhaps I am not looking in the right place, but:

"The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded 50 times to 81 Laureates between 1969 and 2018."

https://www.nobelprize.org/prizes/lists/all-prizes-in-econom...

As well as:

"The Nobel Memorial Prize in Economic Sciences, commonly referred to as the Nobel Prize in Economics,[2] is an award for outstanding contributions to the field of economics,[3] and generally regarded as the most prestigious award for that field."

https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Econom...

Re: Nobel Prize Winner William Nordhaus vs. the IPCC on Climate Change

#7

There is no Nobel prize in economics. That does not exist.

While it is technically true that Alferd Nobel did not provide for a prize in Economics in his will, there is The Sveriges Riksbank Prize in Economic Sciences (1). This was funded in Nobel's memory by a Swedish central banker.

It is administered by the Nobel Foundation - just like the other prizes.

1 - https://www.nobelprize.org/prizes/economic-sciences/

Re: Nobel Prize Winner William Nordhaus vs. the IPCC on Climate Change

#8

There is no Nobel prize in economics. That does not exist.

Perhaps I am not looking in the right place, but: "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded 50 times to 81 Laureates between 1969 and 2018." https://www.nobelprize.org/prizes/lists/all-prizes-in-econom... As well as: "The Nobel Memorial Prize in Economic Sciences, commonly referred to as the Nobel Prize in Economics,[2] is an award for outstanding contributions to th…

That is not a Nobel prize it is a Nobel MEMORIAL prize. Nobel did not create it in his will like the rest of the prizes. There are a number of people who oppose liking economics with a study "worthy" of his money.

You can take your own side in that, but do understand that a different side exists.

Re: Nobel Prize Winner William Nordhaus vs. the IPCC on Climate Change

#9
Basically he says Carbon is contributing to GHG and climate change but claims that managing a 1.5C is more expensive than “going green”.

That is it would be long term cheaper to adapt to climate change than to reverse it (with the proviso that we tax the externalities of carbon.)

It’s an interesting proposition and perhaps it does have economic merit. Of course many people will dismiss it out of hand because it questions our present assumptions.

Re: Nobel Prize Winner William Nordhaus vs. the IPCC on Climate Change

#10
post #2

This looks like an attempt to hijack the cred of a Nobel prize winner for the benefit of pushing the agenda of one "Free Market Institute" based at Texas Tech, in Lubbock Texas, the heart of Texas oil country. I would take everything in this article with a large grain of salt. Especially the characterization of positive steps toward addressing climate change as "mitigations" -- one person's mitigation is another pers…

Read the article (or don't) and assail its contents (or don't). Ad hominem is fundamentally unproductive.

I did read it, and it is attempting to portray what it calls mitigations as strictly negatives with no benefits when in fact they have huge potential as engines of job growth and other positive effects such as long term reduction of pollution outside of just the CO2 being discussed.
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