The Royal Swedish Academy of Sciences has awarded this year’s Nobel Memorial Prize in Economics to Yale University’s William Nordhaus and New York University’s Paul Romer for their work on adapting environmental models to fit models of economic growth. Speaking from Yale’s campus Monday, Professor Nordhaus said the U.S. would come to accept the science of climate change—after President Trump leaves office.
William Nordhaus: “This administration won’t last forever. I think it’s really anomalous among—in the United States, this degree of hostility to environmental policy and climate change policy. So, all I can do is hope that we’ll get through this without too much damage.”
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