william de nordhaus is a professor at yale university and an expert on environment and climate economics you combines economics with natural sciences to show how the economy changes the climate even as climate change affects the economy nordhaus shares the prize with paul m. romer of new york university romas work focuses on how innovation drives prosperity the problems of developing countries and the distribution of wealth. both laureates advised governments and international financial institutions in the past they both welcomed the prize which comes with a million dollar check although things almost didn't quite work out. i got to farm call this morning and i didn't answer either one of them because i thought it was some damn call. i wasn't i wasn't expecting and that progress. awarding the nobel prize for economics science is to two economists to put environment climate change and social justice of the center of their research is a clear signal to us president donald trump has removed the us from the paris climate accord accepting the prize on the telephone pole romo was at pains to e

william de nordhaus is a professor at yale university and an expert on environment and climate economics you combines economics with natural sciences to show how the economy changes the climate even as climate change affects the economy nordhaus shares the prize with paul m. romer of new york university romas work focuses on how innovation drives prosperity the problems of developing countries and the distribution of wealth both laureates of advice governments and international financial institutions in the past. they both welcome the prize which comes with the million dollar check a lot of things almost didn't quite work out. i got to farm called this morning and i didn't answer either one because i thought it was some damn call. i wasn't i wasn't expecting any regrets. awarding the nobel prize for economics sciences to two economists to put environment climate change and social justice of the center of their research is a clear signal to us president donald trump has removed the us from the powers climate accord paul romer wants to encourage governments businesses and households to tac

paul romer and william nordhaus are announced as nobel prize winners. coming up, to drive for the , monication on brazil deterson institute. this is "bloomberg." ♪ bloombergis is surveillance. i'm taylor riggs. let us get the business flash. u.s. prosecutors may take the step up targeting individuals in a sanctions violation case. they told standard chartered they are preparing to bring criminal charges against two former employees over sanctions breaches involving iran. the british bank may face $1.5 billion in fines. the parent of mercedes-benz has announced the first high-level departures since naming a new ceo. the daimler ceo will not seek to extend his contract which ends in last month, they elected 2019. someone else to take over as ceo next year. the chilean copper mine is downplaying the impact of a trade fight. bloomberg spoke with the ceo. >> the outlook for copper is positive. on the demand side, emerging markets continue to drive physical demand. china's demand is expected to grow about 4%. in other parts of the world, demand is strong. on the supply side, copper is in shortage. generally, you