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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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 UK government
surface form: Government of the United Kingdom

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 Stern Review self-linksurface differs
surface form: The Economics of Climate Change: The 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
this entity surface form: Stern Review on the Economics of Climate Change
Stern Review publishedAs Stern Review self-linksurface differs
this entity surface form: The Economics of Climate Change: The Stern Review