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Supporting Slides  - Sustainable Development Commission
Supporting Slides - Sustainable Development Commission

... • The costs of mitigating climate change • The costs of adapting to climate change ...
Slides
Slides

... energy supply, e.g. wind and nuclear • Growing new markets for insurance against losses from extreme weather • National and global greenhouse gas emissions reductions targets ...
full text - A Review of the Universe
full text - A Review of the Universe

... They have announced plans for China to generate 10% of its power from renewable sources and have p to build more nuclear power reactors. ...
Nicholas Stern's CV
Nicholas Stern's CV

... of Economics, heading the India Observatory within the LSE's Asia Research Centre. From April 2008: Chairman of LSE’s new Grantham Research Institute on Climate Change and the Environment. He is also Special Adviser to the Group Chairman of HSBC on Economic Development and Climate Change. From 2005- ...
Climate Change and the Economy
Climate Change and the Economy

... What we do now can have only a limited effect on the climate over the next 40 or 50 years; what we do in the next 10 or 20 years can have a profound effect on the climate in the second half of this century and in the next. By investing 1% of GDP now (the next 10-20 years) we will avoid losing 20% of ...
For Nicholas Stern, BBVA Foundation Frontiers of Knowledge
For Nicholas Stern, BBVA Foundation Frontiers of Knowledge

... Stern is confident that the technological applications that can bring down emissions “are already coming through; in agriculture, in transport and as part of the broader quest for improved energy efficiency,” and maintains that such technology will spearhead a “new energy and industrial revolution.” ...
Introduction
Introduction

... today to save millions or billions of individuals living in the future. The alternative, a zero discount rate, produces similar absurdities. Suppose we discover that there is a policy in place that will reduce future output by a small percentage, say 1/100 of a percent, starting in two hundred years ...
Letter to Representative Smith 8 July 2014 (opens in new window)
Letter to Representative Smith 8 July 2014 (opens in new window)

... confidence). Scenarios in which all countries of the world begin mitigation immediately, there is a single global carbon price, and all key technologies are available, have been used as a cost-effective benchmark for estimating macroeconomic mitigation costs. Under these assumptions, mitigation sce ...
Eco−friendly economists awarded the Leontief Prize
Eco−friendly economists awarded the Leontief Prize

... cores suggests that human activity has had an significant effect on the climate. "Our planet is now at the hottest it's been in 800,000 years," Weitzman said. He echoed Stern in insisting that governments around the world should commit to discovering drastic solutions to climate change. Weitzman spo ...
IEAGHG Information Paper; 2013-IP5:   Lord Nicholas Stern Identifies... Climate Action
IEAGHG Information Paper; 2013-IP5: Lord Nicholas Stern Identifies... Climate Action

... Stern believes that a key component of mobilizing political will, then, is a stronger risk narrative driven by a new breed of scientific models. These models should not only reflect the severity of climate risks, but the human and environmental costs that are typically ignored in data-driven models— ...
Opening Remarks by Antonio Prado, Deputy Executive Secretary of ECLAC,... “Overcoming world poverty and managing climate change” by Lord Nicholas...
Opening Remarks by Antonio Prado, Deputy Executive Secretary of ECLAC,... “Overcoming world poverty and managing climate change” by Lord Nicholas...

... atmosphere is feasible and consistent with continued growth and that the transition to a lowcarbon economy will bring challenges for competitiveness but also opportunities for growth. Adaptation policy is crucial for dealing with the unavoidable impacts of climate change, but it has been under-empha ...
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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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