William Nordhaus

"We have to be grown-ups, I think . There are lots of things we do where the investments come way, way in the future. Educating 4-year-olds . . . that's an investment that goes way into the future as w…"

"My own view is that there basically is no alternative to a market solution. The reason is, if you look around, who are we talking about that’s going to solve the problem: it’s you and me. There are bi…"

"Carbon prices must be raised to transmit the social costs of GHG emissions to the everyday decisions of billions of firms and people."

"Putting a low price on valuable environmental resources is a phenomenon that pervades modern society. Agricultural water is not scarce in California; it is underpriced. Flights are stacked up on runwa…"

"When I talk to people about how to design a carbon price, I think the model is British Columbia. You raise electricity prices by $100 a year, but then the government gives back a dividend that lowers …"