ABSTRACT
On 8th October 2018, the same day that the Intergovernmental Panel on Climate Change (IPCC) brought down its latest dire special report on climate change and how the world is actually not progressing too well towards the targets of 1.5 degree centigrade, let alone 2 degrees, 1 the Nobel Committee awarded the prize in economics for 2018 to Professor William Nordhaus for Yale University. The Committee’s citation was for his contribution ‘for integrating climate change into long-run macroeconomic analysis’ and for his associated advocacy of a global policy of carbon pricing for long-term sustainable economic growth. 2
