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 sound understanding of the economics of climate change is needed in order to underpin an effective global response to this challenge. The Stern Review is an independent, rigourous and comprehensive analysis of the economic aspects of this crucial issue. It has been conducted by Sir Nicholas Stern, Head of the UK...
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Independent, rigorous and comprehensive analysis of the economic aspects of climate change.
Preface ixAcknowledgements xiIntroduction xiiiSummary of Conclusions xvClimate Change - Our ApproachIntroduction 1The Science of Climate Change: Scale of the Environment Challenge 3Economics, Ethics and Climate Change 25Ethical Frameworks and Intertemporal Equity 46Impacts of Climate Change on Growth and DevelopmentIntroduction 63How Climate Change will Affect People Around the World 65Implications of Climate Change for Development 104Costs of Climate Change in Developed Countries 138Economic Modelling of Climate-Change Impacts 161The Economics of StabilisationIntroduction 191Projecting the Growth of Greenhouse-Gas Emissions 193Climate Change and the Environmental Kuznets Curve 216The Challenge of Stabilisation 218Identifying the Costs of Mitigation 238Macroeconomic Models of Costs 267Structural Change and Competitiveness 282Key Statistics for 123 UK Production Sectors 297Opportunities and Wider Benefits from Climate Policies 302Towards a Goal for Climate-ChangePolicy 318Policy Responses for MitigationIntroduction 349Harnessing Markets for Mitigation - The Role of Taxation and Trading 351Carbon Pricing and Emissions Markets in Practice 368Accelerating Technological Innovation 393Beyond Carbon Markets and Technology 427Policy Responses for AdaptationIntroduction 455Understanding the Economics of Adaptation 457Adaptation in the Developed World 471Adaptation in the Developing World 486International Collective ActionIntroduction 507Framework for Understanding International Collective Action for Climate Change 509Creating a Global Price for Carbon 530Supporting the Transition to a Low-Carbon Global Economy 555Promoting Effective International Technology Co-operation 581Reversing Emissions from Land Use Change 603International Support for Adaptation 622Conclusions: Building and Sustaining International Co-operation on Climate Change 640Abbreviations and Acronyms 645Postscript 649Technical Annex to Postscript 658Index 673
