- Focused on the economics of climate change
- Sponsored by a major government that accepts its findings
- Written by an eminent economist
- Doesn’t have the need to argue the toss about the issue
It was commissioned by the UK government, and written by Sir Nicholas Stern, one-time Chief Economist at the World Bank.
The central conclusions:
- There is still time to avoid the worst impacts of climate change, if we take
strong action now.
- Climate change could have very serious impacts on growth and development.
- The costs of stabilising the climate are significant but manageable; delay
would be dangerous and much more costly.
- Action on climate change is required across all countries, and it need not cap the aspirations for growth of rich or poor countries.
- A range of options exists to cut emissions; strong, deliberate policy action is required to motivate their take-up.
- Climate change demands an international response, based on a shared
understanding of long-term goals and agreement on frameworks for action.
The UK government’s website for the report has comments from leading economists. The report can be downloaded; the executive summary is also available (the ‘summary of conclusions’ is identical).