William Nordhaus, Nobel Prize in Economics 2018 and the first economist to work on climate change, has died at the age of 85.

William Nordhaus, Nobel laureate in economics in 2018, passed away on November 30 from a glioblastoma at the age of 85. He was a prominent figure at Yale University for over fifty years and was known for his pioneering work on climate change economics. Nordhaus developed the DICE model to assess the future costs of greenhouse gas emissions, advocating for carbon pricing as a means to encourage energy transition. His early estimates of carbon pricing were considered conservative, leading to debates with other economists like Nicholas Stern, who presented more urgent assessments of climate policy. Over time, Nordhaus adjusted his models to reflect increasing climate costs and supported global carbon taxation.