A distinguished Yale University economist who is known widely for his work on climate change, William Nordhaus

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A distinguished Yale University economist who is known widely for his work on climate change, William Nordhaus (1990), considered the effort to quantify climate damage costs as "terra incognita of the social and economic impacts of climate change." Does this mean we should not make any effort to put money value on climate damage or is this just a manifestation of the degree of difficulty of such an attempt?

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