Abstract
How much and how fast should the globe reduce greenhouse-gas emissions?How should nations balance the costs of the reductions against the damages and dangers of climate change?This question has been addressed by the recent "Stern Review on the Economics of Climate Change," which answers these questions clearly and unambiguously.We need urgent, sharp, and immediate reductions in greenhouse-gas emissions.An analysis of the "Stern Review" finds that these recommendations depend decisively on the assumption of a near-zero social discount rate.The Review's unambiguous conclusions about the need for extreme immediate action will not survive the substitution of discounting assumptions that are consistent with today's market place.
Keywords
SternClimate changeEconomicsEnvironmental scienceHistoryGeologyOceanography
Affiliated Institutions
Related Publications
The Economics of Climate Change: The Stern Review
There is now clear scientific evidence that emissions from economic activity, particularly the burning of fossil fuels for energy, are causing changes to the Earth´s climate. A ...
Analysis and valuation of the health and climate change cobenefits of dietary change
Significance The food system is responsible for more than a quarter of all greenhouse gas emissions while unhealthy diets and high body weight are among the greatest contributor...
Climate Change and Food Systems
Food systems contribute 19%–29% of global anthropogenic greenhouse gas (GHG) emissions, releasing 9,800–16,900 megatonnes of carbon dioxide equivalent (MtCO 2 e) in 2008. Agricu...
The role of renewable energy in the global energy transformation
This paper explores the technical and economic characteristics of an accelerated energy transition to 2050, using new datasets for renewable energy. The analysis indicates that ...
Safeguarding human health in the Anthropocene epoch: report of The Rockefeller Foundation–Lancet Commission on planetary health
Earth's natural systems represent a growing threat to human health. And yet, global health has mainly improved as these changes have gathered pace. What is the explanation? As a...
Publication Info
- Year
- 2006
- Type
- report
- Citations
- 2520
- Access
- Closed
External Links
Social Impact
Altmetric
PlumX Metrics
Social media, news, blog, policy document mentions
Citation Metrics
2520
OpenAlex
35
Influential
84
CrossRef
Cite This
William D. Nordhaus
(2006).
The "Stern Review" on the Economics of Climate Change.
.
https://doi.org/10.3386/w12741
Identifiers
- DOI
- 10.3386/w12741