|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Business & Economy (Click here for more)

Nobel Laureate Nordhaus Says Climate Agreements Should Be Mandatory

STOCKHOLM – American economist and 2018 Nobel laureate William Nordhaus said on Saturday that participation in climate agreements needs to be mandatory for all countries.

Nordhaus, a 77-year-old economics professor at Yale University, was awarded this year’s Nobel Prize in Economic Sciences for inventing macroeconomic analysis models that take into consideration the effects caused by climate change and the corrective policies that can be used to counter its damage.

Nordhaus criticized previous climate agreements – such as the yearly United Nations Climate Change Conferences, the Kyoto Protocol, the Copenhagen Agreement and the Paris Agreement – because, he said, none of them had “imposed any kind of responsibility” and instead were completely voluntary, which he described as the main reason they had made no effect.

The American economist stressed that, in his view, countries should have certain obligations, responsibilities and commitments in order to obtain results from a climate deal.

Nordhaus said this obligation had to “go beyond being mandatory” by also imposing punitive sanctions on the countries refusing to participate in an agreement.

He added that he was keeping an eye on the ongoing Katowice climate change conference (COP24), in which key aspects of the Paris Climate Agreement are set to be implemented.

Nordhaus is currently in the Swedish capital, Stockholm, where he is set to receive the Nobel Prize alongside fellow American economist Paul Romer at an official ceremony on Monday.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2019 © All rights reserved