Includes bibliographical references (p. [219]-226) and index.

Summary for the concerned citizen -- Background and description of the DICE model -- Derivation of the equations of the DICE-2007 model -- Alternative policies for global warming -- Results of the DICE-2007 model runs -- The economics of participation -- Dealing with uncertainty in climate-change policy -- The many advantage of carbon taxes -- An alternative perspective: the Stern review -- Summary and conclusions. "As scientific and observational evidence on global warming piles up every day, questions of economic policy in this critical environmental topic have taken center stage. But as author and prominent Yale economist William Nordhaus observes, the issues involved in understanding global warming and slowing its harmful effects are complex and cross disciplinary boundaries. For example, ecologists see global warming as a threat to ecosystems, utilities as a debit to their balance sheets, and farmers as a hazard to their livelihoods." "In this important work, William Nordhaus integrates the entire spectrum of economic and scientific research to weigh the costs of reducing emissions against the benefits of reducing the long-run damages from global warming. The book offers one of the most extensive dynamic analyses of greenhouse-gas emissions and climate change and provides the tools to evaluate alternative approaches to slowing global warming."--BOOK JACKET.