Climate Change Earns Nobel Prize For Economists

Sustainability Pushed Back Into Spotlight

William Nordhaus and Paul Romer, pioneers in adapting the western economic growth model to focus on environmental issues and sharing the benefits of technology, won the 2018 Nobel Economics Prize.

In a joint award that turned the spotlight on a rapidly shifting global debate over the impact of climate change, the Royal Swedish Academy of Sciences said the duo’s work helps answer questions about promoting long-term, sustainable prosperity.

Romer, of New York University’s Stern School of Business and best known for his work on endogenous growth – a theory rooted in investing in knowledge and human capital – said he had been taken by surprise by the award, but offered a positive message.

“I think one of the problems with the current situation is that many people think that protecting (the) environment will be so costly and so hard that they just want to ignore them,” he told a news conference via telephone.

“We can absolutely make substantial progress protecting the environment and do it without giving up the chance to sustain growth.”

Hours before the award, the United Nations panel on climate change said society would have to radically alter the way it consumes energy, travels and builds to avoid the worst effects of global warming.

climate change and extreme weather

U.S. President Donald Trump has repeatedly called climate change a hoax, and last year announced that he would withdraw the United States from a global pact to combat it reached in 2015 – calling the deal’s demands for emissions cuts too costly.

Nordhaus, a Professor of Economics at Yale University, was the first person to create a quantitative model that described the interplay between the economy and the climate, the Swedish academy said.

“The key insight of my work was to put a price on carbon in order to hold back climate change,” Nordhaus was quoted as saying in a Yale publication this year. “The main recipe …is to make sure governments, corporations and households face a high price on their carbon emissions.”

Nobel committee chair Per Stromberg told Reuters Monday’s award was honoring research into the negative effects of growth on the climate and to make sure that this economic growth leaves prosperity for everyone.

Romer had shown how economic forces govern the willingness of firms to innovate, helping some societies grow many times faster than others. By understanding which market conditions favor the creation of profitable technologies, society can tailor policies to promote growth, the academy said.

While on leave from the Stern School, Romer served as chief economist and senior vice president at the World Bank until early this year. His work on endogenous growth theory is not universally admired.

Read More About The Economics of Climate Change

public affairs and public relations firm

Crossbow is an award-winning and record-setting communications firm. We influence public opinion, public policy and business decisions around the world. We have generated millions of dollars in revenue, stockholder equity and media coverage for our clients. We’re helping stakeholders around the world tackle some of the most urgent issues of our time. Our headquarters are in Denver, Colorado. We’re opening a new office in Phoenix, Arizona.

 

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Climate Change Earns Nobel Prize For Economists

Sustainability Pushed Back Into Spotlight

William Nordhaus and Paul Romer, pioneers in adapting the western economic growth model to focus on environmental issues and sharing the benefits of technology, won the 2018 Nobel Economics Prize.

In a joint award that turned the spotlight on a rapidly shifting global debate over the impact of climate change, the Royal Swedish Academy of Sciences said the duo’s work helps answer questions about promoting long-term, sustainable prosperity.

Romer, of New York University’s Stern School of Business and best known for his work on endogenous growth – a theory rooted in investing in knowledge and human capital – said he had been taken by surprise by the award, but offered a positive message.

“I think one of the problems with the current situation is that many people think that protecting (the) environment will be so costly and so hard that they just want to ignore them,” he told a news conference via telephone.

“We can absolutely make substantial progress protecting the environment and do it without giving up the chance to sustain growth.”

Hours before the award, the United Nations panel on climate change said society would have to radically alter the way it consumes energy, travels and builds to avoid the worst effects of global warming.

climate change and extreme weather

U.S. President Donald Trump has repeatedly called climate change a hoax, and last year announced that he would withdraw the United States from a global pact to combat it reached in 2015 – calling the deal’s demands for emissions cuts too costly.

Nordhaus, a Professor of Economics at Yale University, was the first person to create a quantitative model that described the interplay between the economy and the climate, the Swedish academy said.

“The key insight of my work was to put a price on carbon in order to hold back climate change,” Nordhaus was quoted as saying in a Yale publication this year. “The main recipe …is to make sure governments, corporations and households face a high price on their carbon emissions.”

Nobel committee chair Per Stromberg told Reuters Monday’s award was honoring research into the negative effects of growth on the climate and to make sure that this economic growth leaves prosperity for everyone.

Romer had shown how economic forces govern the willingness of firms to innovate, helping some societies grow many times faster than others. By understanding which market conditions favor the creation of profitable technologies, society can tailor policies to promote growth, the academy said.

While on leave from the Stern School, Romer served as chief economist and senior vice president at the World Bank until early this year. His work on endogenous growth theory is not universally admired.

Read More About The Economics of Climate Change

public affairs and public relations firm

Crossbow is an award-winning and record-setting communications firm. We influence public opinion, public policy and business decisions around the world. We have generated millions of dollars in revenue, stockholder equity and media coverage for our clients. We’re helping stakeholders around the world tackle some of the most urgent issues of our time. Our headquarters are in Denver, Colorado. We’re opening a new office in Phoenix, Arizona.

 

Climate Change Economics Earns Nobel Prize

Sustainability Pushed Back Into Spotlight

Americans William Nordhaus and Paul Romer, pioneers in adapting the western economic growth model to focus on environmental issues and sharing the benefits of technology, won the 2018 Nobel Economics Prize.

In a joint award that turned the spotlight on a rapidly shifting global debate over the impact of climate change, the Royal Swedish Academy of Sciences said the duo’s work was helping to answer basic questions over how to promote long-term, sustainable prosperity.

Romer, of New York University’s Stern School of Business and best known for his work on endogenous growth – a theory rooted in investing in knowledge and human capital – said he had been taken by surprise by the award, but offered a positive message.

“I think one of the problems with the current situation is that many people think that protecting (the) environment will be so costly and so hard that they just want to ignore them,” he told a news conference via telephone.

“We can absolutely make substantial progress protecting the environment and do it without giving up the chance to sustain growth.”

Hours before the award, the United Nations panel on climate change said society would have to radically alter the way it consumes energy, travels and builds to avoid the worst effects of global warming.

U.S. President Donald Trump has repeatedly called climate change a hoax, and last year announced that he would withdraw the United States from a global pact to combat it reached in 2015 – calling the deal’s demands for emissions cuts too costly.

reforestation and carbon capture

Nordhaus, a Professor of Economics at Yale University, was the first person to create a quantitative model that described the interplay between the economy and the climate, the Swedish academy said.

“The key insight of my work was to put a price on carbon in order to hold back climate change,” Nordhaus was quoted as saying in a Yale publication this year. “The main recipe …is to make sure governments, corporations and households face a high price on their carbon emissions.”

Nobel committee chair Per Stromberg told Reuters Monday’s award was honoring research into the negative effects of growth on the climate and to make sure that this economic growth leaves prosperity for everyone.

Romer had shown how economic forces govern the willingness of firms to innovate, helping some societies grow many times faster than others. By understanding which market conditions favor the creation of profitable technologies, society can tailor policies to promote growth, the academy said.

Romer’s career has taken him outside the academic world. While on leave from the Stern School, he served as chief economist and senior vice president at the World Bank until early this year. His work on endogenous growth theory is not universally admired.

Fellow Nobel economics Laureate Paul Krugman told the New York Times in 2013 that too much of it involved “making assumptions about how unmeasurable things affected other unmeasurable things.”

Worth 9 million Swedish crowns ($1 million), the economics prize was established in 1968. It was not part of the original group of five awards set out in Swedish industrialist Alfred Nobel’s 1895 will.

Read The Full Story About The Economics of Climate Change

deforestation and climate change

Sacred Seedlings is a global initiative to support forest conservation, reforestation, urban forestry, carbon capture, sustainable agriculture and wildlife conservation. It supports the vision of local stakeholders. We have projects ready across Africa that can address climate change, while defending critical ecosystems. We seek additional projects elsewhere around the world. We also seek volunteers, sponsors and donors of cash and in-kind support. Write to Gary Chandler for more information gary@crossbow1.com

 

Students Soaring At Stargate Charter School

Seniors Among Highest SAT Scores In Colorado

Stargate School is bursting with pride as it prepares for its first graduating class next spring. The School’s first senior class just earned some of the highest SAT scores in the entire state. It didn’t even have a high school four years ago.

“I am proud of our teachers for challenging our students and taking them to new heights,” said Rob Cable, Principal of Stargate’s secondary school. “I am thankful for our parents/guardians for supporting our students and the work of the school. Most of all, I’m proud of our students for working hard, allowing themselves to be pushed and challenged, not settling for good enough, and always striving to grow.”

In 2018, Stargate’s total mean score on the SAT for its seniors is 1255. The statewide average is 1014. Stargate’s scores ranked third in the entire state out of 513 high schools. Only Liberty Common Charter School and D’Evelyn Senior and Junior High School scored higher than Stargate.

Stargate’s students are outperforming state and district averages on most metrics at all grade levels. For example, students in grades 4-8 are scoring high on achievement and growth-the two key state metrics for that age group. According to the combined test results in English and math for all students in grades 4-8, both Stargate and the District are outpacing state averages.

<img data-attachment-id="7942" data-permalink="http://crossbowcommunications.com/social-media-taking-toll-on-teens-mental-health/youth-and-social-media/" data-orig-file="https://i2.wp.com/crossbowcommunications.com/wp-content/uploads/2017/05/youth-and-social-media.jpg?fit=300%2C200" data-orig-size="300,200" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"1"}" data-image-title="public schools" data-image-description="

public school funding

” data-medium-file=”https://i2.wp.com/crossbowcommunications.com/wp-content/uploads/2017/05/youth-and-social-media.jpg?fit=300%2C200″ data-large-file=”https://i2.wp.com/crossbowcommunications.com/wp-content/uploads/2017/05/youth-and-social-media.jpg?fit=300%2C200″ class=”aligncenter size-full wp-image-7942″ src=”https://i2.wp.com/crossbowcommunications.com/wp-content/uploads/2017/05/youth-and-social-media.jpg?resize=300%2C200″ alt=”public schools PR firm” width=”300″ height=”200″ data-recalc-dims=”1″ />

In the past few years, Stargate’s students experienced high achievement, but low to moderate growth scores. The results for the School’s CMAS, PSAT and SAT testing last spring showed that students continued to experience high achievement, while making great gains in growth.

“We set the bar very high for the students. Our amazing staff took on an incredible challenge to ensure the students achieved the growth they were capable of in both math and English language arts,” said Missy Hischke, Principal of Stargate’s elementary school. “We are blessed to be in a community that supports our teachers and the work they do for the students. To say that I am proud of our students and teachers is an understatement.”

Students in grades 9-11 also distinguished themselves on the PSAT/SAT tests. In reading and writing, Stargate’s students scored an average growth score of 77, while the statewide average score is 50. Cable explained that Stargate recently implemented school-wide writing goals, focusing on constructed responses.

In the spring of 2018, about 550,000 students participated in the Colorado Department Of Education’s standardized testing. Students in third through eighth grades took literacy and math tests. The state refers to the tests as the Colorado Measures of Academic Success (CMAS). Ninth- and 10th-graders took the PSAT, and 11th-graders took the SAT. This is the first year that students from Stargate’s new high school participated in the SAT tests.

Unfortunately, more than half of all Colorado students in third through eighth grade are below state expectations in reading, writing, and math, according to the statewide tests.

Founded in 1994, Stargate School is a charter school for gifted students in Thornton, Colorado. It serves children from kindergarten through 12th grade. The School provides a differentiated learning program designed specifically to meet the needs of identified intellectually gifted learners. This model challenges each student’s academic abilities, supports their unique emotional needs, promotes individual character development and encourages a life-long love of learning. Stargate is the largest school for gifted students in Colorado. It is part of the Adams 12 Five Star Schools District in Adams County. For more information, please visit http://stargateschool.org/

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public relations firm Denver and Phoenix

” data-medium-file=”https://i1.wp.com/crossbowcommunications.com/wp-content/uploads/2016/08/crossbow-logo-tight.jpg?fit=300%2C88″ data-large-file=”https://i1.wp.com/crossbowcommunications.com/wp-content/uploads/2016/08/crossbow-logo-tight.jpg?fit=584%2C171″ class=”aligncenter size-medium wp-image-4580″ src=”https://i1.wp.com/crossbowcommunications.com/wp-content/uploads/2016/08/crossbow-logo-tight.jpg?resize=300%2C88″ alt=”PR firm USA” width=”300″ height=”88″ srcset=”https://i1.wp.com/crossbowcommunications.com/wp-content/uploads/2016/08/crossbow-logo-tight.jpg?resize=300%2C88 300w, https://i1.wp.com/crossbowcommunications.com/wp-content/uploads/2016/08/crossbow-logo-tight.jpg?w=584 584w” sizes=”(max-width: 300px) 100vw, 300px” data-recalc-dims=”1″ />

Crossbow is an award-winning and record-setting communications firm. We are public affairs and public relations experts who influence public opinion, public policy and business decisions around the world. We’re helping stakeholders tackle some of the most urgent issues of our time. Our headquarters are in Denver, Colorado. We’re opening a new office in Phoenix, Arizona.

Climate Change Economics Earns Nobel Prize

Sustainability Pushed Back Into Spotlight

Americans William Nordhaus and Paul Romer, pioneers in adapting the western economic growth model to focus on environmental issues and sharing the benefits of technology, won the 2018 Nobel Economics Prize.

In a joint award that turned the spotlight on a rapidly shifting global debate over the impact of climate change, the Royal Swedish Academy of Sciences said the duo’s work was helping to answer basic questions over how to promote long-term, sustainable prosperity.

Romer, of New York University’s Stern School of Business and best known for his work on endogenous growth – a theory rooted in investing in knowledge and human capital – said he had been taken by surprise by the award, but offered a positive message.

“I think one of the problems with the current situation is that many people think that protecting (the) environment will be so costly and so hard that they just want to ignore them,” he told a news conference via telephone.

“We can absolutely make substantial progress protecting the environment and do it without giving up the chance to sustain growth.”

Hours before the award, the United Nations panel on climate change said society would have to radically alter the way it consumes energy, travels and builds to avoid the worst effects of global warming.

U.S. President Donald Trump has repeatedly called climate change a hoax, and last year announced that he would withdraw the United States from a global pact to combat it reached in 2015 – calling the deal’s demands for emissions cuts too costly.

reforestation and carbon capture

Nordhaus, a Professor of Economics at Yale University, was the first person to create a quantitative model that described the interplay between the economy and the climate, the Swedish academy said.

“The key insight of my work was to put a price on carbon in order to hold back climate change,” Nordhaus was quoted as saying in a Yale publication this year. “The main recipe …is to make sure governments, corporations and households face a high price on their carbon emissions.”

Nobel committee chair Per Stromberg told Reuters Monday’s award was honoring research into the negative effects of growth on the climate and to make sure that this economic growth leaves prosperity for everyone.

Romer had shown how economic forces govern the willingness of firms to innovate, helping some societies grow many times faster than others. By understanding which market conditions favor the creation of profitable technologies, society can tailor policies to promote growth, the academy said.

Romer’s career has taken him outside the academic world. While on leave from the Stern School, he served as chief economist and senior vice president at the World Bank until early this year. His work on endogenous growth theory is not universally admired.

Fellow Nobel economics Laureate Paul Krugman told the New York Times in 2013 that too much of it involved “making assumptions about how unmeasurable things affected other unmeasurable things.”

Worth 9 million Swedish crowns ($1 million), the economics prize was established in 1968. It was not part of the original group of five awards set out in Swedish industrialist Alfred Nobel’s 1895 will.

Read The Full Story About The Economics of Climate Change

deforestation and climate change

Sacred Seedlings is a global initiative to support forest conservation, reforestation, urban forestry, carbon capture, sustainable agriculture and wildlife conservation. It supports the vision of local stakeholders. We have projects ready across Africa that can address climate change, while defending critical ecosystems. We seek additional projects elsewhere around the world. We also seek volunteers, sponsors and donors of cash and in-kind support. Write to Gary Chandler for more information gary@crossbow1.com

 

Delray Beach Resident Coco Gauff and Winner of 2018 Girls Roland Garros Title With RAW Tennis Performance

Delray Beach Resident Coco Gauff and Winner of 2018 Girls Roland Garros Title With RAW Tennis Performance

Rising tennis star Cori ‘Coco’ Gauff featured in Whistle Sports’ ‘No Days Off’ docuseries

While many of her 14-year-old peers are navigating their freshman year of high school or playing “Fortnite” or finally launching an Instagram account, Cori “Coco” Gauff is traveling the globe and making a name for herself on the tennis scene.

The American teen is one of the most promising tennis stars in the world. She won the girls’ doubles title at the US Open (with Caty McNally) last month and became the fifth-youngest junior girls singles champion at the French Open in June. The players younger than her to take home the title? Martina Hingis (twice), Jennifer Capriati and Gabriela Sabatini. So, yeah, she’s in pretty good company…

14-Year-Old Is The Next SERENA WILLIAMS | Coco Gauff Highlights

Delray Beach Resident Coco Gauff and Winner of 2018 Girls Roland Garros Title With RAW Tennis Performance

Coco Gauff Tennis Training

 

Climate Change Economics Earns Nobel Prize

Sustainability Pushed Back Into Spotlight

Americans William Nordhaus and Paul Romer, pioneers in adapting the western economic growth model to focus on environmental issues and sharing the benefits of technology, won the 2018 Nobel Economics Prize.

In a joint award that turned the spotlight on a rapidly shifting global debate over the impact of climate change, the Royal Swedish Academy of Sciences said the duo’s work was helping to answer basic questions over how to promote long-term, sustainable prosperity.

Romer, of New York University’s Stern School of Business and best known for his work on endogenous growth – a theory rooted in investing in knowledge and human capital – said he had been taken by surprise by the award, but offered a positive message.

“I think one of the problems with the current situation is that many people think that protecting (the) environment will be so costly and so hard that they just want to ignore them,” he told a news conference via telephone.

“We can absolutely make substantial progress protecting the environment and do it without giving up the chance to sustain growth.”

Hours before the award, the United Nations panel on climate change said society would have to radically alter the way it consumes energy, travels and builds to avoid the worst effects of global warming.

U.S. President Donald Trump has repeatedly called climate change a hoax, and last year announced that he would withdraw the United States from a global pact to combat it reached in 2015 – calling the deal’s demands for emissions cuts too costly.

reforestation and carbon capture

Nordhaus, a Professor of Economics at Yale University, was the first person to create a quantitative model that described the interplay between the economy and the climate, the Swedish academy said.

“The key insight of my work was to put a price on carbon in order to hold back climate change,” Nordhaus was quoted as saying in a Yale publication this year. “The main recipe …is to make sure governments, corporations and households face a high price on their carbon emissions.”

Nobel committee chair Per Stromberg told Reuters Monday’s award was honoring research into the negative effects of growth on the climate and to make sure that this economic growth leaves prosperity for everyone.

Romer had shown how economic forces govern the willingness of firms to innovate, helping some societies grow many times faster than others. By understanding which market conditions favor the creation of profitable technologies, society can tailor policies to promote growth, the academy said.

Romer’s career has taken him outside the academic world. While on leave from the Stern School, he served as chief economist and senior vice president at the World Bank until early this year. His work on endogenous growth theory is not universally admired.

Fellow Nobel economics Laureate Paul Krugman told the New York Times in 2013 that too much of it involved “making assumptions about how unmeasurable things affected other unmeasurable things.”

Worth 9 million Swedish crowns ($1 million), the economics prize was established in 1968. It was not part of the original group of five awards set out in Swedish industrialist Alfred Nobel’s 1895 will.

Read The Full Story About The Economics of Climate Change

deforestation and climate change

Sacred Seedlings is a global initiative to support forest conservation, reforestation, urban forestry, carbon capture, sustainable agriculture and wildlife conservation. It supports the vision of local stakeholders. We have projects ready across Africa that can address climate change, while defending critical ecosystems. We seek additional projects elsewhere around the world. We also seek volunteers, sponsors and donors of cash and in-kind support. Write to Gary Chandler for more information gary@crossbow1.com

 

Students Soaring At Stargate Charter School

Seniors Among Highest SAT Scores In Colorado

Stargate School is bursting with pride as it prepares for its first graduating class next spring. The School’s first senior class just earned some of the highest SAT scores in the entire state. It didn’t even have a high school four years ago.

“I am proud of our teachers for challenging our students and taking them to new heights,” said Rob Cable, Principal of Stargate’s secondary school. “I am thankful for our parents/guardians for supporting our students and the work of the school. Most of all, I’m proud of our students for working hard, allowing themselves to be pushed and challenged, not settling for good enough, and always striving to grow.”

In 2018, Stargate’s total mean score on the SAT for its seniors is 1255. The statewide average is 1014. Stargate’s scores ranked third in the entire state out of 513 high schools. Only Liberty Common Charter School and D’Evelyn Senior and Junior High School scored higher than Stargate.

Stargate’s students are outperforming state and district averages on most metrics at all grade levels. For example, students in grades 4-8 are scoring high on achievement and growth-the two key state metrics for that age group. According to the combined test results in English and math for all students in grades 4-8, both Stargate and the District are outpacing state averages.

<img data-attachment-id="7942" data-permalink="http://crossbowcommunications.com/social-media-taking-toll-on-teens-mental-health/youth-and-social-media/" data-orig-file="https://i2.wp.com/crossbowcommunications.com/wp-content/uploads/2017/05/youth-and-social-media.jpg?fit=300%2C200" data-orig-size="300,200" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"1"}" data-image-title="public schools" data-image-description="

public school funding

” data-medium-file=”https://i2.wp.com/crossbowcommunications.com/wp-content/uploads/2017/05/youth-and-social-media.jpg?fit=300%2C200″ data-large-file=”https://i2.wp.com/crossbowcommunications.com/wp-content/uploads/2017/05/youth-and-social-media.jpg?fit=300%2C200″ class=”aligncenter size-full wp-image-7942″ src=”https://i2.wp.com/crossbowcommunications.com/wp-content/uploads/2017/05/youth-and-social-media.jpg?resize=300%2C200″ alt=”public schools PR firm” width=”300″ height=”200″ data-recalc-dims=”1″ />

In the past few years, Stargate’s students experienced high achievement, but low to moderate growth scores. The results for the School’s CMAS, PSAT and SAT testing last spring showed that students continued to experience high achievement, while making great gains in growth.

“We set the bar very high for the students. Our amazing staff took on an incredible challenge to ensure the students achieved the growth they were capable of in both math and English language arts,” said Missy Hischke, Principal of Stargate’s elementary school. “We are blessed to be in a community that supports our teachers and the work they do for the students. To say that I am proud of our students and teachers is an understatement.”

Students in grades 9-11 also distinguished themselves on the PSAT/SAT tests. In reading and writing, Stargate’s students scored an average growth score of 77, while the statewide average score is 50. Cable explained that Stargate recently implemented school-wide writing goals, focusing on constructed responses.

In the spring of 2018, about 550,000 students participated in the Colorado Department Of Education’s standardized testing. Students in third through eighth grades took literacy and math tests. The state refers to the tests as the Colorado Measures of Academic Success (CMAS). Ninth- and 10th-graders took the PSAT, and 11th-graders took the SAT. This is the first year that students from Stargate’s new high school participated in the SAT tests.

Unfortunately, more than half of all Colorado students in third through eighth grade are below state expectations in reading, writing, and math, according to the statewide tests.

Founded in 1994, Stargate School is a charter school for gifted students in Thornton, Colorado. It serves children from kindergarten through 12th grade. The School provides a differentiated learning program designed specifically to meet the needs of identified intellectually gifted learners. This model challenges each student’s academic abilities, supports their unique emotional needs, promotes individual character development and encourages a life-long love of learning. Stargate is the largest school for gifted students in Colorado. It is part of the Adams 12 Five Star Schools District in Adams County. For more information, please visit http://stargateschool.org/

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public relations firm Denver and Phoenix

” data-medium-file=”https://i1.wp.com/crossbowcommunications.com/wp-content/uploads/2016/08/crossbow-logo-tight.jpg?fit=300%2C88″ data-large-file=”https://i1.wp.com/crossbowcommunications.com/wp-content/uploads/2016/08/crossbow-logo-tight.jpg?fit=584%2C171″ class=”aligncenter size-medium wp-image-4580″ src=”https://i1.wp.com/crossbowcommunications.com/wp-content/uploads/2016/08/crossbow-logo-tight.jpg?resize=300%2C88″ alt=”PR firm USA” width=”300″ height=”88″ srcset=”https://i1.wp.com/crossbowcommunications.com/wp-content/uploads/2016/08/crossbow-logo-tight.jpg?resize=300%2C88 300w, https://i1.wp.com/crossbowcommunications.com/wp-content/uploads/2016/08/crossbow-logo-tight.jpg?w=584 584w” sizes=”(max-width: 300px) 100vw, 300px” data-recalc-dims=”1″ />

Crossbow is an award-winning and record-setting communications firm. We are public affairs and public relations experts who influence public opinion, public policy and business decisions around the world. We’re helping stakeholders tackle some of the most urgent issues of our time. Our headquarters are in Denver, Colorado. We’re opening a new office in Phoenix, Arizona.

Climate Change Earns Nobel Prize For Economists

Sustainability Pushed Back Into Spotlight

William Nordhaus and Paul Romer, pioneers in adapting the western economic growth model to focus on environmental issues and sharing the benefits of technology, won the 2018 Nobel Economics Prize.

In a joint award that turned the spotlight on a rapidly shifting global debate over the impact of climate change, the Royal Swedish Academy of Sciences said the duo’s work helps answer questions about promoting long-term, sustainable prosperity.

Romer, of New York University’s Stern School of Business and best known for his work on endogenous growth – a theory rooted in investing in knowledge and human capital – said he had been taken by surprise by the award, but offered a positive message.

“I think one of the problems with the current situation is that many people think that protecting (the) environment will be so costly and so hard that they just want to ignore them,” he told a news conference via telephone.

“We can absolutely make substantial progress protecting the environment and do it without giving up the chance to sustain growth.”

Hours before the award, the United Nations panel on climate change said society would have to radically alter the way it consumes energy, travels and builds to avoid the worst effects of global warming.

climate change and extreme weather

U.S. President Donald Trump has repeatedly called climate change a hoax, and last year announced that he would withdraw the United States from a global pact to combat it reached in 2015 – calling the deal’s demands for emissions cuts too costly.

Nordhaus, a Professor of Economics at Yale University, was the first person to create a quantitative model that described the interplay between the economy and the climate, the Swedish academy said.

“The key insight of my work was to put a price on carbon in order to hold back climate change,” Nordhaus was quoted as saying in a Yale publication this year. “The main recipe …is to make sure governments, corporations and households face a high price on their carbon emissions.”

Nobel committee chair Per Stromberg told Reuters Monday’s award was honoring research into the negative effects of growth on the climate and to make sure that this economic growth leaves prosperity for everyone.

Romer had shown how economic forces govern the willingness of firms to innovate, helping some societies grow many times faster than others. By understanding which market conditions favor the creation of profitable technologies, society can tailor policies to promote growth, the academy said.

While on leave from the Stern School, Romer served as chief economist and senior vice president at the World Bank until early this year. His work on endogenous growth theory is not universally admired.

Read More About The Economics of Climate Change

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