Canada is showing the world how carbon pricing should be done: Nobel-prize winning economist William Nordhaus

The Canadian government has proposed spending billions of dollars to fight climate change. Will it be enough?

This week on Down to Business, Yale economist William Nordhaus discusses the economics of climate change.

In 2018, Nordhaus won the Nobel Memorial Prize in Economic Sciences for his work integrating long run models of climate change with macroeconomic analysis.

In his new book, The Spirit of Green, Nordhaus examines what markets can and cannot address when it comes to climate change, and other issues, including the pandemics. He also talked about Canada’s carbon tax and what the costs and rewards of stopping climate change are.

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This podcast was originally shared by Financial Post.