Stern Review

E412811

The Stern Review is a landmark 2006 report on the economics of climate change that argues early, strong action to reduce greenhouse gas emissions is far less costly than dealing with the consequences of inaction.

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Statements (49)

Predicate Object
instanceOf climate change report ⓘ
economic report ⓘ
aimsTo evaluate costs and benefits of climate mitigation ⓘ
inform government policy on climate change ⓘ
quantify economic risks of climate change ⓘ
author Nicholas Stern ⓘ
commissionedBy Government of the United Kingdom ⓘ
linked to: UK government

HM Treasury ⓘ
conclusion benefits of strong, early mitigation outweigh the costs ⓘ
costs of inaction on climate change will be very high ⓘ
early and strong action on climate change is economically beneficial ⓘ
controversy use of low discount rate for future climate damages ⓘ
countryOfOrigin United Kingdom ⓘ
criticizedBy William Nordhaus ⓘ
some environmental economists ⓘ
datePresented 30 October 2006 ⓘ
describedAs landmark report on the economics of climate change ⓘ
estimates climate change could cost at least 5 percent of global GDP each year if unmitigated ⓘ
climate change could cost up to 20 percent of global GDP in worst‑case scenarios ⓘ
costs of stabilizing greenhouse gases could be around 1 percent of global GDP per year ⓘ
focusesOn global warming ⓘ
greenhouse gas emissions ⓘ
hasPart Executive Summary ⓘ
Part I: The Science of Climate Change ⓘ
Part II: Impacts of Climate Change on Growth and Development ⓘ
Part III: Economics of Stabilisation ⓘ
Part IV: Policy Responses ⓘ
Part V: International Collective Action ⓘ
influenced European Union climate policy discussions ⓘ
United Kingdom climate policy ⓘ
international climate policy debate ⓘ
language English ⓘ
mainSubject climate change mitigation ⓘ
economics of climate change ⓘ
namedAfter Nicholas Stern ⓘ
publicationYear 2006 ⓘ
publishedAs The Economics of Climate Change: The Stern Review ⓘ
linked to: Stern Review
publisher Cambridge University Press ⓘ
recommends carbon pricing ⓘ
carbon taxes ⓘ
emissions trading schemes ⓘ
financial support for developing countries to adapt to climate change ⓘ
international cooperation on climate policy ⓘ
removal of barriers to energy efficiency ⓘ
technology policy to support low‑carbon innovation ⓘ
states climate change is the greatest market failure the world has seen ⓘ
uses cost–benefit analysis ⓘ
discounting of future costs and benefits ⓘ
integrated assessment models ⓘ

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Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Nicholas Stern → notableWork → Stern Review ⓘ
Nicholas Stern → authorOf → Stern Review ⓘ
Nicholas Stern → knownFor → Stern Review on the Economics of Climate Change ⓘ
linked to: Stern Review
Stern Review → publishedAs → The Economics of Climate Change: The Stern Review ⓘ
linked to: Stern Review