Pioneer of Climate Change Economics & Sterling Professor at Yale
William Nordhaus is a visionary economist who revolutionized how we understand the relationship between economic growth and the environment. By developing models that integrate climate science with macroeconomics, he provided the world with the tools to calculate the "Social Cost of Carbon."
The Dynamic Integrated Climate-Economy model was the first to provide a global framework for climate-economy interactions.
A leading advocate for carbon pricing as the most efficient market mechanism to reduce global emissions.
Proposed international agreements where members impose trade penalties on non-participants to prevent "free-riding."
| Year | Award / Role | Institution |
|---|---|---|
| 2018 | Nobel Memorial Prize | Sveriges Riksbank |
| 1977-1979 | Council of Economic Advisers | U.S. Government |
| Current | Sterling Professor | Yale University |
"The climate is a public good, and to solve the problem of climate change, we must put a price on carbon."