The Stern Review

The Stern Review, published in 2006 by economist Sir Nicholas Stern, assesses the economic impacts of climate change. It argues that the costs of inaction—through disasters, health problems, and economic disruptions—far exceed the costs of taking action to mitigate climate change. Stern recommends investing in solutions to reduce greenhouse gas emissions, as these efforts can lead to sustainable economic growth. The Review emphasizes that acting now is crucial for protecting future generations and that immediate investment in green technologies can prevent far greater costs down the line. It has significantly influenced climate policy discussions worldwide.