Also, my apologies that this is necessarily rather geeky about the economics of climate change, inevitably so.
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Sir Nicholas Stern, asked by Gordon Brown to examine the economics of climate change, backs the technology.
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This is an interesting example of how people, governments even, are getting the economics of climate change entirely wrong.
In 2006, Sir Nicolas Stern released The Stern Review on the Economics of Climate Change, a 700-page report prepared for the British government.
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Meanwhile, the recent Stern Review on the Economics of Climate Change states that "declining crop yields ... could leave hundreds of millions without the ability to produce or purchase sufficient food", reports The Food Magazine.
Overall, I believe it is fair to say that the Stern Review consistently leans toward (and consistently phrases issues in terms of) assumptions and formulations that emphasize optimistically low expected costs of mitigation and pessimistically high expected damages from greenhouse warming relative to most other studies of the economics of climate change.
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Stern is the chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and also chair of the Centre for Climate Change Economics and Policy (CCCEP) at Leeds University.
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It was also far more prominent than academics questioning other parts of the "establishment" position, such as the economics of tackling climate change.
The Stern Review radically changed the discussion of climate change economics.
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Sir Nicholas is a former chief economist at the World Bank and author of an influential study of climate-change economics for the British government.
Free market economics, sometimes blamed unfairly as the cause of climate change, can be the key to solving it.
The controversy surrounding the choice of discount rate used in climate-change economics still rages today.
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One of my favourite examples of this economics and environmentalist stuff comes from the IPCC reports on climate change, Actually, from the economic models on which all of the IPCC reports are based.
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"Climate change has brought massive threats potentially to the economics of these ... really vulnerable countries ... and you can respond to that in a way that you'd respond to a humanitarian crisis, which is effectively what it would be, " Macy says.
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