Nobel Laureate William Nordhaus demonstrates that pursuing climate mitigation will make a nation worse off

Summary Nobel Laureate Professor William Nordhaus shows that the optimal climate mitigation policy is for far less mitigation than UNIPCCC proposes. That is to constrain warming by 2100 to 3.5°C instead of 2°C or less. But this optimal policy is based on a series of assumptions, including that policy is optimal and near universally applied. […]