Nobel prize in Economics awarded for integrating climate change into macroeconomic analysis

This year’s Nobel Prize in economic sciences was divided equally between William D. Nordhaus for integrating climate change into long-run macroeconomic analysis and Paul M. Romer "for integrating technological innovations into long-run macroeconomic analysis.

The intensifying focus on climate change was highlighted today after United Nations Intergovernmental Panel on Climate Change (IPCC) released a report saying keeping the earth’s temperature rise below 1.5 degrees of celsius rather than the 2 degree
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