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Coloradan wins Nobel Prize in economics

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It’s going to take lots of innovation to address climate change. But Colorado native Paul Romer has studied how society can encourage such innovation.

On Oct. 8, Romer won the Nobel Prize in economics for his work. Romer, an economist and policy entrepreneur, currently serves as a professor of economics at New York University. He is sharing the Nobel Prize with William Nordhaus of Yale, who has called for a universal carbon tax to combat climate change.

Romer’s research findings indicate that government interventions in the form of subsidies can produce the research and development needed to address climate change.

– Sam Bojarski, The 100 Companies

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