Joseph Stiglitz on Carbon Emissions

Joseph Stiglitz is a Nobel Prize winning economist, Columbia University professor, and former Senior Vice President and Chief Economist of the World Bank he thinks equal per capita emission might just be the best idea of an equitable global solution for climate change.: ...first of all the notion that you need that prices are very important for giving the signals about scarcety , scarcity is limit of space you might see the carbon space out there and therefore you need to price that , you need to price in fact people use of that carbon space , I think most economists would agree with that , there is an issue here which is how you compensate people for either past damages to maintain their standard of living there is a set of issues about compensation that are really quite different , and I think it is quite important to try to separate out this issue of how do we got inefficient usage of an inefficient system of reducing carbon emissions and this other one of how do we compensate people for the changes that are going on ......


Joseph Stiglitz on Carbon Emissions