Insight Lecture: The economics of climate change

Hear Dr. William Nordhaus, winner of the 2018 Nobel Prize in Economic Science, share his keynote presentation about the economics of climate change.

Details

Date & Time

April 27, 2021
1:00 p.m. - 2:00 p.m.

Location

Zoom

Cost

Free. Registration Required.

Description

The DeGroote School of Business is proud to continue its Insight Lecture series, featuring world-class speakers, researchers, and alumni in industry leadership.

As Canada begins a year that the United Nations has said is pivotal to addressing the climate crisis, it’s clear which Canadian climate policy will attract the most attention in 2021.

 What will it take for Canada, and the world, to move to a low-carbon economy?

 Join the conversation on April 27 with Dr. William Nordhaus, Sterling Professor of Economics and Professor of Forestry and Environmental Studies at Yale University and winner of the 2018 Nobel Prize in Economic Science.

 Dr. Nordhaus will address critical questions including: 

  • What is the optimal policy to address climate change?
  • What are the costs of climate change?
  • How will technology and innovation help?
  • How has the pandemic helped or hindered efforts to address climate change?

Following the presentation, Professor Nordhaus will be joined by Dr. Len Waverman, Dean, DeGroote School of Business, and former editor of the Energy Journal, for a moderated discussion and audience Q&A.

This DeGroote Insight Lecture is graciously supported by Adam Felesky, Chief Executive Officer, Portage Ventures, a great friend and champion of the DeGroote School of Business and McMaster University. Adam’s generosity and commitment to higher education help ensure that these opportunities continue to be available to our DeGroote Network.

 

Notes

Speaker

Dr. William Nordhaus, Sterling Professor of Economics, Department of Economics, Yale University

William Nordhaus is Sterling Professor of Economics at Yale University, New Haven, Connecticut, USA. He was born in Albuquerque, New Mexico (which is part of the United States). He completed his undergraduate work at Yale University in 1963 and received his Ph.D. in Economics in 1967 from the Massachusetts Institute of Technology. He has been on the faculty of Yale University since 1967 and has been Full Professor of Economics since 1973. Professor Nordhaus lives in downtown New Haven with his wife Barbara, who works at the Yale Child Study Center.

Nordhaus is a member of the National Academy of Sciences and a Fellow of the American Academy of Arts and Sciences. He is on the research staff of the National Bureau of Economic Research, the Cowles Foundation for Research, and has been a member and senior advisor of the Brookings Panel on Economic Activity, Washington, D.C. since 1972. Professor Nordhaus is current or past associate editor of several scientific journals. In 2004, he was awarded the prize of “Distinguished Fellow” by the American Economic Association and served as President of the American Economic Association in 2015-2016.

From 1977 to 1979, he was a Member of President Carter’s Council of Economic Advisers. From 1986 to 1988, he served as the Provost of Yale University. He was Chair of the Boston Federal Reserve Bank for 2013-2015. He has served on several committees of the National Academy of Sciences on topics including climate change, environmental accounting, risk, and the role of the tax system in climate change.

Professor Nordhaus has studied wage and price behavior, health economics, augmented national accounting, the political business cycle, and productivity. He is the author of many books, among them Invention, Growth and Welfare, Is Growth Obsolete?, The Efficient Use of Energy Resources, Managing the Global Commons, Warming the World, and (joint with Paul Samuelson) the classic textbook, Economics, whose nineteenth edition was published in 2010. His most recent book on climate change is The Climate Casino (Yale Press, 2013).

His major work focuses on the economics of climate change, developing models that integrated the science, economics, and policies necessary to slow warming. These studies include the DICE and RICE models of the economics of climate change, which have been widely used in research on studies of climate-change economics and policies. He was awarded the Nobel Prize in Economic Sciences in 2018 “for integrating climate change into long-run macroeconomic analysis.”

 

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