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Review
'The Stern Review shows us, with utmost clarity, while allowing fully for all the uncertainties, what global warming is going to mean; and what can and should be done to reduce it. It provides numbers for the economic impact, and for the necessary economic policies. It deserves the widest circulation. I wish it the greatest possible impact. Governments have a clear and immediate duty to accept the challenge it represents.' Sir James Mirrlees, recipient of the Nobel Prize for Economics, 1996
'The stark prospects of climate change and its mounting economic and human costs are clearly brought out in this searching investigation. What is particularly striking is the identification of ways and means of sharply minimizing these penalties through acting right now, rather than waiting for our lives to be overrun by rapidly advancing adversities. The world would be foolish to neglect this strong but strictly time-bound practical message.' Amartya Sen, recipient of the Nobel Prize for Economics, 1998
'The Stern Review of The Economics of Climate Change provides the most thorough and rigorous analysis to date of the costs and risks of climate change, and the costs and risks of reducing emissions. It makes clear that the question is not whether we can afford to act, but whether we can afford not to act. … And it provides a comprehensive agenda-one which is economically and politically feasible-behind which the entire world can unite in addressing this most important threat to our future well being.' Joseph Stiglitz, recipient of the Nobel Prize for Economics, 2001
' … the world is waiting for a calm, reasonable, carefully argued approach to climate change: Nick Stern and his team have produced one.' Robert M. Solow, recipient of the Nobel Prize for Economics, 1987
'… a comprehensive and authoritative analysis of this issue. ... is an excellent summary of current knowledge of the topic. … presenting excellent case studies and graphices of key issues directly relevant to physical and human geography.' Geography
'I very much welcome The Stern Review, which provides a much needed critical economic analysis of the issues associated with climate change …' Paul Wolfowitz, President of the World Bank
'Nicholas Stern … rose to the challenge admirably. … the Stern report is a landmark publication. It is a wide-reaching report from a man of gravity, and should be taken seriously. … This book is extremely readable, and something that all interested in climate change and its consequences should have.' Journal of Biosocial Science
'The Stern Review of The Economics of Climate Change is a vital step forward in securing an effective global policy on climate change. Led by one of the world's top economists, the Stern Review shows convincingly that the benefits of early global action to mitigate climate change will be far lower than the costs. The report establishes realistic guidelines for action … The Stern Review will play an important role in helping the world to agree on a sensible post-Kyoto policy.' Jeffrey D. Sachs, Director of the Earth Institute at Columbia University and Special Advisor to UN Secretary General
'The Economics of Climate Change sends a very important and timely message: that the benefits of strong, early action on climate change outweigh the costs. … Congratulations to Sir Nick Stern and his team for producing a landmark review which I have no doubt will strengthen the political will to change of governments around the world.' Claude Mandil, Executive Director of the International Energy Agency
'The scientific evidence of global warming is overwhelming but some commentators and lobby groups have continued to oppose offsetting actions on economic and competitiveness grounds. This comprehensive and authoritative report demolishes their arguments, explaining clearly the complex economics of climate change. It makes plain that we can cut emissions radically at a cost to the economy far less than the economic and human welfare costs which climate change could impose.' Baron Jonathan Adair Turner, Former Director of UK Confederation of British Industry and Economic Advisor to the Sustainable Development Commission
'When the history of the world's response to climate change is written, The Stern Review will be recognized as a turning point. … Sir Nicholas and his team have provided important intellectual leadership as humanity engages with its greatest challenge. … While the details will be debated, the main thrust of the report is clear and compelling - the expected benefits of tackling climate change far outweigh the expected costs.' Cameron Hepburn, Oxford University
'Pay now to fix global warming or risk a worldwide economic depression later … The [Stern] report moves economic discussion of how humanity should deal with global warming to center stage …' USA Today
'The overwhelming message of … [the] Stern review on the economics of climate change is that it is now time to move on from arguing about statistics to taking drastic action at an international level. … Even if Stern is only half right then … the consequence of doing nothing is still so dreadful that it ought not to be contemplated.' Guardian
'[The report's] basic point seems unassailable: failure to act now will exact much greater penalties later on … If people and industries are made to pay heavily for the privilege, they will inevitably be driven to develop cleaner fuels, cars and factories… ' The New York Times
'The Stern review makes two invaluable contributions. The first is that it recasts environmentalism as economics … Stern's second serious contribution is to provide a formula for durable environmentalism, one which binds business and government.' The Times
'The stark prospects of climate change and its mounting economic and human costs are clearly brought out in this searching investigation. What is particularly striking is the identification of ways and means of sharply minimizing these penalties through acting right now, rather than waiting for our lives to be overrun by rapidly advancing adversities. The world would be foolish to neglect this strong but strictly time-bound practical message.' Amartya Sen, recipient of the Nobel Prize for Economics, 1998
'The Stern Review of The Economics of Climate Change provides the most thorough and rigorous analysis to date of the costs and risks of climate change, and the costs and risks of reducing emissions. It makes clear that the question is not whether we can afford to act, but whether we can afford not to act. … And it provides a comprehensive agenda-one which is economically and politically feasible-behind which the entire world can unite in addressing this most important threat to our future well being.' Joseph Stiglitz, recipient of the Nobel Prize for Economics, 2001
' … the world is waiting for a calm, reasonable, carefully argued approach to climate change: Nick Stern and his team have produced one.' Robert M. Solow, recipient of the Nobel Prize for Economics, 1987
'… a comprehensive and authoritative analysis of this issue. ... is an excellent summary of current knowledge of the topic. … presenting excellent case studies and graphices of key issues directly relevant to physical and human geography.' Geography
'I very much welcome The Stern Review, which provides a much needed critical economic analysis of the issues associated with climate change …' Paul Wolfowitz, President of the World Bank
'Nicholas Stern … rose to the challenge admirably. … the Stern report is a landmark publication. It is a wide-reaching report from a man of gravity, and should be taken seriously. … This book is extremely readable, and something that all interested in climate change and its consequences should have.' Journal of Biosocial Science
'The Stern Review of The Economics of Climate Change is a vital step forward in securing an effective global policy on climate change. Led by one of the world's top economists, the Stern Review shows convincingly that the benefits of early global action to mitigate climate change will be far lower than the costs. The report establishes realistic guidelines for action … The Stern Review will play an important role in helping the world to agree on a sensible post-Kyoto policy.' Jeffrey D. Sachs, Director of the Earth Institute at Columbia University and Special Advisor to UN Secretary General
'The Economics of Climate Change sends a very important and timely message: that the benefits of strong, early action on climate change outweigh the costs. … Congratulations to Sir Nick Stern and his team for producing a landmark review which I have no doubt will strengthen the political will to change of governments around the world.' Claude Mandil, Executive Director of the International Energy Agency
'The scientific evidence of global warming is overwhelming but some commentators and lobby groups have continued to oppose offsetting actions on economic and competitiveness grounds. This comprehensive and authoritative report demolishes their arguments, explaining clearly the complex economics of climate change. It makes plain that we can cut emissions radically at a cost to the economy far less than the economic and human welfare costs which climate change could impose.' Baron Jonathan Adair Turner, Former Director of UK Confederation of British Industry and Economic Advisor to the Sustainable Development Commission
'When the history of the world's response to climate change is written, The Stern Review will be recognized as a turning point. … Sir Nicholas and his team have provided important intellectual leadership as humanity engages with its greatest challenge. … While the details will be debated, the main thrust of the report is clear and compelling - the expected benefits of tackling climate change far outweigh the expected costs.' Cameron Hepburn, Oxford University
'Pay now to fix global warming or risk a worldwide economic depression later … The [Stern] report moves economic discussion of how humanity should deal with global warming to center stage …' USA Today
'The overwhelming message of … [the] Stern review on the economics of climate change is that it is now time to move on from arguing about statistics to taking drastic action at an international level. … Even if Stern is only half right then … the consequence of doing nothing is still so dreadful that it ought not to be contemplated.' Guardian
'[The report's] basic point seems unassailable: failure to act now will exact much greater penalties later on … If people and industries are made to pay heavily for the privilege, they will inevitably be driven to develop cleaner fuels, cars and factories… ' The New York Times
'The Stern review makes two invaluable contributions. The first is that it recasts environmentalism as economics … Stern's second serious contribution is to provide a formula for durable environmentalism, one which binds business and government.' The Times
Product Description
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 Government Economic Service, and a former Chief Economist of the World Bank. The Economics of Climate Change will be invaluable for all students of the economics and policy implications of climate change, and economists, scientists and policy makers involved in all aspects of climate change.
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Customer Reviews
Most Helpful Customer Reviews
5 of 11 people found the following review helpful
Format:Paperback
This comprehensive text by Sir Nicholas Stern (now Lord Stern,of course)was funded by and outlines Her Majesty's Government position on climate change.
The Labour government policy on the whole subject largely derives from the conclusions and predictions contained within this book.
Unfortunately much of this work was a matter of political opinion and the forecasts contained within reflect this.
A very well presented text with plenty of diagrams, charts and referenced texts. Although first published as recently as 2007 the subject has moved on and many of the affects of anthropogenic global warming (AGW) have been mitigated in the intervening three years by published data and of course the halt of global warming at the level of 1998, at least for the time being.
Those who wish to have a complete grasp of the subject of climate change from the British Labour government's point of view should read The Stern Review. This book is the corner stone of why we have a green taxation policy. For Ed Miliband, British Energy & Climate Change Secretary and Gordon Brown, PM, this will remain a standard text.
Knowledge of this book will assist environmentalists and students of climate change help build the big picture. It is not a definitive text on the subject although it set out to be such in 2007. Time and events have progressed.
Keep an open mind and you may enjoy it.
The Labour government policy on the whole subject largely derives from the conclusions and predictions contained within this book.
Unfortunately much of this work was a matter of political opinion and the forecasts contained within reflect this.
A very well presented text with plenty of diagrams, charts and referenced texts. Although first published as recently as 2007 the subject has moved on and many of the affects of anthropogenic global warming (AGW) have been mitigated in the intervening three years by published data and of course the halt of global warming at the level of 1998, at least for the time being.
Those who wish to have a complete grasp of the subject of climate change from the British Labour government's point of view should read The Stern Review. This book is the corner stone of why we have a green taxation policy. For Ed Miliband, British Energy & Climate Change Secretary and Gordon Brown, PM, this will remain a standard text.
Knowledge of this book will assist environmentalists and students of climate change help build the big picture. It is not a definitive text on the subject although it set out to be such in 2007. Time and events have progressed.
Keep an open mind and you may enjoy it.
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
4 reviews
3 of 4 people found the following review helpful
A very important and useful report on climate change
15 Jun 2009
Format:Paperback
This is a very important document on climate change and has won the respect of experts around the world. It was commissioned by the British government in 2005. It took two years to complete and was headed by Nicholas Stern, the former Chief Economist of the World Bank. You may or may not agree with all its findings but it remains one of the most professional studies of whole climate change situation, integrating global economic realities with science. Stern has written a less expensive book of his views that came out in 2009 The Global Deal: Climate Change and the Creation of a New Era of Progress and Prosperity. I would also recommend Lester Brown's Plan B 3.0: Mobilizing to Save Civilization (Substantially Revised).
Great book but could be better
30 Oct 2010
Format:Paperback|Amazon Verified Purchase
This is a great book for a Ph.D. econometrician, but it sucks big time for the typical reader. Reading it is like plowing a field of rock with a horse drawn plow with a dull blade.
However, for Ph.D.s and Master degreed researches it is wonderful because it is data-filed and does the best job with the science at hand. It shows how climate change can impact the world more than all the wars in history put together.
But someone needs to write this book for the typical interested reader. The Plan B book does a better job in this regard, but Plan B is not as valuable for egg-heads.
This is not a book you will enjoy reading, it will be a pain in the neck and you will put it down over and over and need to come back to it. But it has such valuable information you will find the need to return to it over and over if this is your field.
However, for Ph.D.s and Master degreed researches it is wonderful because it is data-filed and does the best job with the science at hand. It shows how climate change can impact the world more than all the wars in history put together.
But someone needs to write this book for the typical interested reader. The Plan B book does a better job in this regard, but Plan B is not as valuable for egg-heads.
This is not a book you will enjoy reading, it will be a pain in the neck and you will put it down over and over and need to come back to it. But it has such valuable information you will find the need to return to it over and over if this is your field.
3 of 7 people found the following review helpful
The Economics of Climate Change according to the British Labour Party
23 Dec 2010
Format:Paperback
This 692 page treatise on the subject of climate change was commissioned by the New Labour Party in the UK and written by Nicholas Stern [since elevated to the Peerage]of the Cabinet Office-H M Treasury and is popularly known as 'The Stern Review'. This tome is well prepared and copiously illustrated with colourful charts and diagrams; it is dated 2006 and was first published in paperback form in 2007.
This book was a great influence upon the politicians, particularly the 650 MPs that represent the British political constituencies; they voted the 2008 Climate Change Act onto the statute book in the belief that this text and the academic, peer reviewed, published papers on the subject were correct, many are referenced at the end of each chapter.
The interpretation of the science of climate change has been modified since 2006; much of the alarm and hype about the effects of the changes on Earth's environment through anthropogenic global warming and CO2 emissions have been mitigated by later study, scientific data and meteorological facts.
For example Stern says 'Some estimates suggest that 150-200 million people may become permanently displaced by the middle of the century due to rising sea levels, more frequent floods, and more intense droughts' This would require global temperature increases well beyond those projected in current computer models, in the +3 - +4 degree centigrade range. Whereas data collected since 1950 indicates that global temperature averages actually increased by no more than one half a degree centigrade, and this during a period of so-called warming.
Students of climate change should regard The Stern Review as an example of how a government can influence an outcome by a text written and presented in an authoritative way. It is now out-of-date and ridiculed by many academics of the environment and climate change. Read and understand the subject fully and you will consider this book to be the politicised version of how climate change was set to become the major concern of the 21st century.
This book was a great influence upon the politicians, particularly the 650 MPs that represent the British political constituencies; they voted the 2008 Climate Change Act onto the statute book in the belief that this text and the academic, peer reviewed, published papers on the subject were correct, many are referenced at the end of each chapter.
The interpretation of the science of climate change has been modified since 2006; much of the alarm and hype about the effects of the changes on Earth's environment through anthropogenic global warming and CO2 emissions have been mitigated by later study, scientific data and meteorological facts.
For example Stern says 'Some estimates suggest that 150-200 million people may become permanently displaced by the middle of the century due to rising sea levels, more frequent floods, and more intense droughts' This would require global temperature increases well beyond those projected in current computer models, in the +3 - +4 degree centigrade range. Whereas data collected since 1950 indicates that global temperature averages actually increased by no more than one half a degree centigrade, and this during a period of so-called warming.
Students of climate change should regard The Stern Review as an example of how a government can influence an outcome by a text written and presented in an authoritative way. It is now out-of-date and ridiculed by many academics of the environment and climate change. Read and understand the subject fully and you will consider this book to be the politicised version of how climate change was set to become the major concern of the 21st century.
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