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Nobel laureate economist, Joseph Stigiltz wants to set highly-expensive global price for carbon dioxide

Joseph E. Stiglitz, Ph.D

(Original source The Economic Times)

“Joseph Stiglitz, the Nobel laureate economist, is trying to persuade global warming negotiators that they’re marching up a blind alley. He says it’s probably too late to achieve anything substantial at the long-awaited United Nations Climate Change Conference in Paris in December, so real progress will have to come afterward.

That’s not a message the negotiators want to hear, but Stiglitz doesn’t care. “I’m saying we ought to be facing reality. We have to learn from our failures,” he said in a phone interview this week.”

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