Stern Review: The Economics of Climate Change

February 9, 2011

In 2006 Professor Sir Nicholas Stern, a world expert in economics and climate change, released the “Stern Review: The Economics of Climate Change“. This extensive report addresses the economics of moving towards a low-carbon global economy, stating that the benefits of strong, immediate climate action far outweigh the financial costs of a business-as-usual approach. Stern provides the economic evidence to prove that the while there are significant costs required to stabilize the planet, the alternative would not only be more expensive, but also very dangerous.