‘The problem is not knowing what to do,’ says Paul Romer, ‘The problem is getting a consensus to act’ Paul Romer – whose work focuses on adapting economic theory to take better account of environmental issues and technological progress – says this crisis can easily be averted through economic policy. 6:45 Just hours before William Nordhaus and Paul Romer won a Nobel Prize on Monday for their work on the economics of climate change, the UN issued a dire warning about global warming . ADVERTISEMENT The report from the Intergovernmental Panel on Climate Change says that an extra single degree of heat could make a life-or-death difference in the next few decades for multitudes of people and ecosystems on this fast-warming planet. But Romer — whose work focuses on adapting economic theory to take better account of environmental issues and technological progress — says this crisis can easily be averted through economic policy. The economist from New York University’s Stern School of Business spoke with As It Happens host Carol Off. Here is part of their conversation. I always hate to ask this question, but in a nutshell, can you describe your life’s work? A lot of economics is […]
Latest Articles
Eco-Friendly Farm Stays Around the U.S.
Takeaways: A farm stay is an accommodation where you can book a bed, room, or lodging on a working farm.
Payment for the accommodation...
Natural Fire Resistant Cotton
Natural Fire Resistant Cotton A research team from the United States Department of Agriculture (USDA) has developed a...
The “Windcatcher”: Bigger Than The Eiffel Tower And Can Power 80,000 Homes, Say Developers
Takeaways: The Windcatcher is an offshore sail that might be set to change wind power generation.
The device can spin faster than traditional turbines,...
Urban Gardens and Regenerative Agriculture: How Small-Scale Farms Could be the Future of Food...
Urban Gardens and Regenerative Agriculture: How Small-Scale Farms Could be the Future of Food Production. Urban Gardens...
Calgary Passes Single-Use Plastics Bylaw
Takeaways: The city of Calgary has passed a single-use plastic bylaw to decrease the amount of waste the city produces.
Citizens will have to...
10 States Have Now Banned the Sale of Cosmetics Tested on Animals
Takeaways: New York has become the tenth state to ban the sale of cosmetics tested on animals.
The law is known as the New...