Wednesday 20 January 2010

Economics of climate change


Nicholas Stern, Chairman of the the Grantham Research Institute on Climate Change and the Environment at the LSE, and author of the Stern Review, has argued that it is far more responsible to look at ways to invest in moving toward a low-carbon economy now, rather than wait to deal with the effects of climate change in the future.

He makes this argument through an economic analysis of the costs of investing in reducing carbon emissions, compared to dealing with the costs of floods, famine, water shortages, refugee crises and other hazards stemming from climate change. A webcast of his presentation for the session, 'Business as usual is not sustainable,' at the U.S. Climate Action conference is available here.

On a related note, the LSE hosts a number of events related to sustainability and climate change. There are 'Sustainability in Practice' lectures taking place this spring 2010, and there are also podcasts of past talks on the LSE events archive.

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