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Slide 1
Slide 1

... Therefore, learning leads to stronger policies. Precautionary motive DOES NOT hold. ...
Lord Stern - the United Nations
Lord Stern - the United Nations

... as rich countries demonstrate low-carbon growth, flows of funds, sharing technologies. Credible plans to reach 2 tonne/cap by 2050 - requires peaking before 2030 • Rich country reductions and trading schemes designed to be open to trade with other countries, including developing countries. Supply si ...
ANNEX Human Rights Annual Report 2007: Climate Change
ANNEX Human Rights Annual Report 2007: Climate Change

... and moral imperative, not simply a long-term environmental challenge. It underpins much of what we try to achieve internationally. An unstable climate threatens the achievement or protection of many human rights. The latest science, collated in the Intergovernmental Panel on Climate Change’s fourth ...
• That Members discuss the possible actions arising from the Inquiry
• That Members discuss the possible actions arising from the Inquiry

... Copies of these presentations are available for any Members who missed the meeting in April. Questions & ideas raised at the meeting were noted and are attached here as Appendix A. 8. Finance There are no financial implications associated with the production of the review itself, this is financed fr ...
Midterm exam review
Midterm exam review

... What remedy does Henry Paulson view as the most effective means to reduce carbon emissions from fossil fuels (i.e. sources such as coal fired power plants)? Why does he believe this to be the most effective remedy? Paulson also argues that attempting to do more than this now would not be advisable. ...
Priorities Slovenian EU-Presidenc
Priorities Slovenian EU-Presidenc

... school. State and local governements are participating in national voluntary programs and initiatives, are analyzing the costs and benefits of actions and developing and apply innovative programs and strategies that achieve wide-ranging benefits to businesses, the environment and public health. Busi ...
Download case study as PDF
Download case study as PDF

... Prior to the conference, LSE Economics Professor Nicholas Stern, Chair of the Grantham Research Institute on Climate Change and the Environment, and his colleagues had conducted research into the required scale, nature and potential sources of financial support for climate change action. They showed ...
PPT
PPT

... • Cost of prevention  Dutch seawalls are twice as high as New Orleans levees  Cost is a small fraction (10% ?) of the Katrina damages ...
Why society needs to change - Tom Barker - Support CAT
Why society needs to change - Tom Barker - Support CAT

... • Nick Stern (Vice-President World Bank) “Blimey, it’s serious!”: – Climate change will be expensive; – It will ruin the economy – It’s much cheaper to mitigate; ...
Uncertainty and Discounting
Uncertainty and Discounting

... stating that “The main rationale for declining long‐term discount rates  results from uncertainty about the future. “ Source: HM Treasury (2003), The Green Book – Appraisal and Evaluation in Central  Government, HM Treasury, London. ...
A New Global Climate Change Treaty – Can Humanity Deliver
A New Global Climate Change Treaty – Can Humanity Deliver

... Distribution of impacts and vulnerability Aggregate impacts Risk of large-scale singularities or discontinuities – abrupt changes ...
Cecilie Mauritzen, CICERO Large Developing Economies: 2010-2013
Cecilie Mauritzen, CICERO Large Developing Economies: 2010-2013

... 1. Climate policy with poverty reduction? Is that feasible and if so, how? 2. Bioenergy and emissions in rural households – black carbon: climate driver, health risk & short-term fix ...
The Economics of Climate Change
The Economics of Climate Change

... Even though climate change exists, this does not necessarily mean we should take action to reduce it’s impact (reduce GHGs). Only do something if the benefits > costs ...
The Economics of Sustainability
The Economics of Sustainability

... • A situation in which the market system produces an allocation of resources which is not Pareto-efficient • Yawn and What? • But market failures are very important and can have very real effects • Stern: Climate change is the greatest and widest-ranging market failure ever seen ...
Assessing Scientific Knowledge about Climate Change
Assessing Scientific Knowledge about Climate Change

... Assessing Scientific Knowledge about Climate Change Speaker: Dr David Wratt Director, NZ Climate Change Centre; Chief Scientist (Climate), NIWA; Adjunct Professor, Climate Change Research Institute, VUW. Work has now begun on the IPCC's Fifth Assessment, due for completion in 2014. This presentation ...
ASD Chapter 12 updated 2014_small_part1
ASD Chapter 12 updated 2014_small_part1

... Lecture 12 Climate Change, part 1 The Age of Sustainable Development ...
Slide 1
Slide 1

... Conducted at Request of the United States House of Representatives as part of its “Greening the Capitol Initiative” (Chicago – November 5, 2007) Chicago Climate Exchange® (CCX®), which launched its greenhouse gas trading operations in 2003, today announced the results of its auction of Carbon Financ ...
Download PDF
Download PDF

... warming outweigh the costs of doing nothing. During the last ice age, the average temperature was just 5 degrees Celsius colder than today, and an additional warming by 5 degrees would be staggering. It would affect every aspect of the world, and the human species would have to leave equatorial regi ...
Economic models of climate change
Economic models of climate change

...  Nicholas Stern  “Our actions now and over the coming decades could create ...
Letter from Bob Ward to Peter Lilley, 14 December 2012
Letter from Bob Ward to Peter Lilley, 14 December 2012

... “Stern draws heavily on non-peer reviewed and alarmist literature to paint an exaggerated picture of the key risks of global warming”. That is simply an absurd claim. The references sections at the end of each chapter of the Review show that the overwhelming majority of citations are to peer-review ...
Letter from Bob Ward to Peter Lilley, 22 February 2013
Letter from Bob Ward to Peter Lilley, 22 February 2013

... You then go on to explain the reasoning behind your Parliamentary Question of 29 November 2012, but merely demonstrate your lack of knowledge of modern public economics. The purpose behind a price on carbon is to create a charge on greenhouse gas pollution. The intention is that an appropriate price ...
Calculating the Social Cost of Carbon
Calculating the Social Cost of Carbon

... According to the IWG (2010), the SCC is: “an estimate of the monetized damages associated with an incremental increase of carbon emissions in a given year” • includes but is not limited to changes in: “net agricultural productivity, human health, property damages from increased flood risk, and the ...
Topics Today - University of St. Thomas
Topics Today - University of St. Thomas

... Possible sea level rise 5-10 feet ...
Letter from Peter Lilley to Bob Ward, 2 January 2013
Letter from Peter Lilley to Bob Ward, 2 January 2013

... for future rises in consumption which would have the effect of dramatically reducing the present value of future losses to rich generations1. Para 14. You object to my description of the Review’s use of the balanced growth equivalent as a “novel and misleading practice”. It is novel because, even th ...
Jonathon Porritt
Jonathon Porritt

... Staying below 2°C means stabilising at 450ppm CO2 which means c. 80% cut by 2050 ...
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Stern Review

The Stern Review on the Economics of Climate Change is a 700-page report released for the British government on 30 October 2006 by economist Nicholas Stern, chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and also chair of the Centre for Climate Change Economics and Policy (CCCEP) at Leeds University and LSE. The report discusses the effect of global warming on the world economy. Although not the first economic report on climate change, it is significant as the largest and most widely known and discussed report of its kind.The Review states that climate change is the greatest and widest-ranging market failure ever seen, presenting a unique challenge for economics. The Review provides prescriptions including environmental taxes to minimise the economic and social disruptions. The Stern Review's main conclusion is that the benefits of strong, early action on climate change far outweigh the costs of not acting. The Review points to the potential impacts of climate change on water resources, food production, health, and the environment. According to the Review, without action, the overall costs of climate change will be equivalent to losing at least 5% of global gross domestic product (GDP) each year, now and forever. Including a wider range of risks and impacts could increase this to 20% of GDP or more, also indefinitely. Stern believes that 5–6 degrees of temperature increase is ""a real possibility.""The Review proposes that one percent of global GDP per annum is required to be invested to avoid the worst effects of climate change. In June 2008, Stern increased the estimate for the annual cost of achieving stabilisation between 500 and 550 ppm CO2e to 2% of GDP to account for faster than expected climate change.There has been a mixed reaction to the Stern Review from economists. Several economists have been critical of the Review, for example, a paper by Byatt et al. (2006) describes the Review as ""deeply flawed"". Some economists (such as Brad DeLong and John Quiggin) have supported the Review. Others have criticised aspects of Review's analysis, but argued that some of its conclusions might still be justified based on other grounds, e.g., see papers by Martin Weitzman (2007) and Dieter Helm (2008).
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