Stern Review on the Economics of Climate Change

The Stern Review, published in 2006, analyzes the economic impact of climate change, highlighting that the costs of inaction—such as extreme weather, health issues, and damage to infrastructure—far outweigh the expenses of taking early steps to reduce emissions. It emphasizes that immediate investments in clean energy and sustainable policies can prevent severe future economic hardships. The review advocates for proactive global cooperation, suggesting that addressing climate change is not only an environmental concern but also an essential economic strategy to ensure long-term prosperity and stability.