Latest Nicholas Stern Stories

2011-01-15 07:00:00

The price of fighting climate change is even higher than what was estimated in a 2006 study, said British economist Nicholas Stern, who earned an estimated 500,000-dollar Spanish award on Friday for his work. Stern won the BBVA Foundation award for measuring the economic cost of climate change, notably in his 2006 Stern Review which found that economically, it was better to fight climate change than to do nothing about it. His "advanced economic analysis" quantified the impacts of climate...

2008-10-27 12:50:00

A leading climate change expert on Monday called for a new fiscal spending plan tailored to low carbon growth. "The risk consequences of ignoring climate change will be very much bigger than the consequences of ignoring risks in the financial system," said Nicholas Stern, a former British Treasury economist, who released a seminal report in 2006 that said inaction on emissions blamed for global warming could cause economic pain equal to the Great Depression."That's a very important lesson,...

2007-11-11 03:00:22

By Li, Minqi ABSTRACT Should current trends continue, China and India are widely expected to play leading roles in the world economy in the twenty-first century. However, the economic rise of China and India coincides with the decline of fossil fuels. There is growing consensus that the world's total oil production is likely to reach its peak in the near future and, to alleviate global warming, it is necessary to dramatically reduce the use of all forms of fossil fuels. This article...

2007-02-17 15:20:00

UNITED NATIONS -- The world faces a global warming disaster if the United States and China do not take decisive action to cut greenhouse gas emissions, a leading economist said at the U.N. Friday. Jeffrey Sachs, speaking at the U.N. with British economist Sir Nicholas Stern, said the commitment of the two largest emitters of greenhouse gases is "absolutely fundamental" to forging a comprehensive agreement on global warming. "It's a mistake to let either China or the U.S. think they are doing...

2006-10-30 10:10:00

LONDON -- Unchecked global warming will devastate the world economy on the scale of the world wars and the Great Depression, a British government report said Monday, as the country launched a bid to convince doubters that environmentalism and economic growth can coincide. Prime Minister Tony Blair said unabated climate change would eventually cost the world the equivalent of between 5 percent and 20 percent of global gross domestic product each year. He called for "bold and decisive action"...

2006-02-03 06:50:00

By Palash Kumar NEW DELHI -- A top British environmentalist said on Friday the developing world needed to spend at least $40 billion more every year to fight climate change. Last year was the warmest on record across the globe and it was unusually hot in the Arctic, U.S. space agency NASA said last month. Five of the hottest years since modern record-keeping began in the 1890s occurred in the past decade. "If the developing world is to have extra resources necessary to modify their...

Word of the Day
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.