What is the future of economic growth in the face of climate change, and how should we measure it? How will low-income countries achieve significant poverty reduction without using carbon-intensive approaches or further degrading the environment? Have we been able to measure the economic value to natural resources accurately? How well do macroeconomic models capture the assumptions in climate models, and vice versa?
Such questions will be the focus of the conference, presented on Thursday and Friday, November 9-10 by the Yale Economic Growth Center, the Yale School of the Environment, and the Yale Tobin Center for Economic Policy, with additional support from the Yale Planetary Solutions Project, the Knobloch Family Foundation, and Smart Prosperity Institute.
On November 10, the Yale School of the Environment and Tobin Center will mark the 50th anniversary of William Nordhaus and James Tobin’s seminal paper “Is Growth Obsolete?”, and highlight plans for Natural Capital Accounting that Yale economists have helped develop within the Biden Administration.