Rise of nations thrones and patriots population limit
Nordhaus's models have helped frame the conversation about climate change as a negative one. As an example of this flawed thinking, he cites the the Nobel Prize-winning work of Yale economist William Nordhaus, which has warned since the 1990s "that it's going to be very expensive and costly to transition from our fossil fuel economy to a clean energy economy, but those costs have to be weighed against the benefits of avoiding an ecological collapse and potential mass extinction event." "We've had the wrong economic ideas about how climate change is framed," Beinhocker explains.
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On the latest episode of Pitchfork Economics, two professors at the Institute of New Economics at Oxford University, Erick Beinhocker and Doyne Farmer, join Nick Hanauer to address the flaws in the way we discuss the problems of, and solutions to, climate change. Now, with most parts of the country regularly experiencing extreme weather events, nearly two-thirds of Americans believe the government should do more to combat climate change - but world leaders still failed to take dramatic action to limit the global rise of temperatures at the COP26 climate conference convened by the United Nations this fall.
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Our elected leaders' speeches aim high, with lofty talk about coming together to avert calamity, but their policies fail to address the scale of the crisis. For decades, our conversation about climate change has been stunted by mixed signals.