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

(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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