William D. Nordhaus

William D. Nordhaus is an American economist renowned for his work on the economics of climate change. He was awarded the Nobel Prize in Economic Sciences in 2018 for integrating climate change into long-run macroeconomic analysis. Nordhaus has developed models that estimate the social cost of carbon, which is crucial for understanding the economic impacts of climate policies. His research emphasizes the importance of a carbon price to reduce greenhouse gas emissions and mitigate climate change, advocating for a balanced approach that considers both environmental and economic factors.