Stern Review: the Economics of Climate Change

Sir Nicholas Stern has produced his final report into the Economics of Climate Change and presented its findings to the Prime Minister and the Chancellor of the Exchequer, at the Royal Society in London.

Billed as the most comprehensive review of the economic effects of climate change, Sir Nicholas is optimistic:

There is still time to avoid the worst impacts of climate change, if we act now and act internationally. Governments, businesses and individuals all need to work together to respond to the challenge. Strong, deliberate policy choices by governments are essential to motivate change.

BBC News has produced an at-a-glance summary of the key findings, as well as a detailed look at the issues in their Climate Change in-depth section. Friends of the Earth have called for Stern Action to follow on from publication of the report, while the Tyndall Centre has welcomed the prospect of “a better informed and more transparent debate” as a consequence of the publication of the report.

Intute: Social Sciences links to more resources on the issue of Environmental Economics