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Stern Review: The Economics of Climate Change

Stern REVIEW: The Economics of Climate Change Stern Review: The Economics of Climate Change TABLE OF CONTENTS PAGE Executive Summary i-xxvii Preface & Acknowledgements i Introduction to Review iv Summary of Conclusions vi Part I Climate Change : our approach Introduction 1 1 The science of Climate Change : 2 2 Economics , ethics and Climate Change 23 2A Technical annex: ethical frameworks and intertemporal equity 41 Part II The Impacts of Climate Change on growth and development Introduction 55 3 How Climate Change will affect people around the world 56 4 Implications of Climate Change for development 92 5 Costs of Climate Change in developed countries 122 6 economic modelling of Climate Change impacts 143 Part III The Economics of stabilisation Introduction 168 7 Projecting the growth of

This Review has assessed a wide range of evidence on the impacts of climate change and on the economic costs, and has used a number of different techniques to assess costs and risks. From all of these perspectives, the evidence gathered by the Review leads to a simple conclusion: the benefits of strong and early action far

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