Business Green: One of the top economists in the US has today urged political leaders to abandon the “reckless gamble” of the Kyoto Protocol’s approach to carbon trading and instead adopt carbon taxation as a proven and more effective means of putting a price on carbon. Professor William D Nordhaus of Yale University is one of the first economists to study the impacts of climate change and an advisor to the US government on the Congressional Budget Office Panel of Economic Experts. He said that …