Died: Nobel Winner Who Made Climate Economics Real

William Nordhaus, a distinguished professor at Yale University and a Nobel laureate in Economics, has passed away at the age of 85. He shared the 2018 Nobel Prize with Paul Romer for his groundbreaking contributions to the field of environmental economics.

Nordhaus was renowned for his ability to take complex economic theories, often referred to as 'the dismal science,' out of academic settings. He applied these principles with rigor to address tangible, real-world challenges, particularly concerning the environment and climate change. His work laid crucial groundwork for understanding the economic implications of global warming.