Liberal Nobel laureate economist Joseph Stiglitz thinks UN Climate Conference ‘doomed to failure’ – Calls Climate Talks a ‘Charade’
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Bloomberg News: 'The liberal economist says voluntary agreements don't work and cap-and-trade is 'doomed to failure'
Joseph Stiglitz, the Nobel laureate economist, is trying to persuade global-warming negotiators that they're marching up a blind alley. He says it's probably too late to achieve anything substantial at the long-awaited United Nations Climate Change Conference in Paris in December, so real progress will have to come afterward.
That's not a message the negotiators want to hear, but Stiglitz doesn't care. "I’m saying we ought to be facing reality. We have to learn from our failures," he said in a phone interview this week.