18 December 2018    

William D. Nordhaus’ speech at the Nobel Banquet

Original and full Transcript found here

Ers Majestäter, Ers Kungliga Högheter, Excellenser, Kära pristagare, Mina damer och herrar, Våra barn, Våra barnbarn.

The 2018 citation for economic sciences highlights “the causes and consequences of technological innovation and climate change.”

The science of climate change was founded in 1896, the very year that Alfred Nobel died and established these prizes. In that year, the Swedish chemist Svante Arrhenius provided the first numerical prediction of the impact of doubling atmospheric carbon dioxide. His estimate of 5.1 °C is remarkably close to the figures produced by the highest-resolution models today.

Over the last half-century, the full implications of climate change and its impacts have been illuminated by the intensive research of scientists in different fields. These studies depict an increasingly dire picture of our future under uncontrolled climate change.

The signal contribution of economics is to recognize that climate change is a har

Share article

Related articles

Act on Climate

School strike for climate – save the world by changing the rules | Greta Thunberg | TEDxStockholm

Greta Thunberg realized at a young age the lapse in what several climate experts were saying and >>

COP24- Key outcomes

Achievements Last week the high-level UN climate change conference COP24 in Katowice closed after two weeks of >>

Fredrick Federley – Member of the EU parliament proponent of sustainable energy and lowering CO2 emissions

In the latest episode of the podcast “The energy forecast” Cecilia Edling Östman interviewed Fredrick Federley, member >>

Part III: The time for action is now

This is the final part in a series about climate change – and how you have the >>