The world stands at a crossroads. The next decade will determine whether we avoid climate, biodiversity, and economic catastrophe - or unlock a new era of sustainable, resilient, and inclusive growth. The Growth Story of the 21st Century challenges the outdated idea that we must choose between climate action and development. Instead, it presents a compelling case for a transformation that delivers both prosperity and a healthier planet.Drawing on economics, finance, policy...

In October 2006, Nicholas Stern, one of the greatest economists and public intellectuals of our day, made headlines around the world with his report, which reviewed the costs and benefits of dealing with global warming. The world's community has learned that it must act to mitigate global climate change, but until the Stern Review, no one knew how much it would cost, and how to do it.Now, Stern has transformed his report into a powerful narrative book for general readers. The G...

China faces many modernization challenges, but perhaps none is more pressing than that posed by climate change. China must find a new economic growth model that is simultaneously environmentally sustainable, can free it from its dependency on fossil fuels, and lift living standards for the majority of its population. But what does such a model look like? And how can China best make the transition from its present macro-economic structure to a low-carbon future?This ground-breaking ...

Climate change has been the source of immense challenges for ethical, economic or political analysts. We are aware of the scale of the action required to be taken and the areas in which that action is needed namely efficient energy use, low carbon technologies or deforestation. We have an idea of which technologies need to be developed. We understand the basic economic policy incentives in favour of reducing emissions, stopping deforestation and promoting more sensible use of our natural e...

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 Gov...

An urgent case for climate change action that forcefully sets out, in economic, ethical, and political terms, the dangers of delay and the benefits of action.The risks of climate change are potentially immense. The benefits of taking action are also clear: we can see that economic development, reduced emissions, and creative adaptation go hand in hand. A committed and strong low-carbon transition could trigger a new wave of economic and technological transformation...

Well-known economists and policy makers look at the Bihar model of development and discuss the challenges ahead During the 1990s, Bihar's development failed to benefit from the acceleration in India's economic growth, principally because of a steep decline in the already low standards of governance. this changed dramatically after November 2005, when The Nitish Kumar government came to power. Within a short time, major initiatives were launched in improving governance, infrastructure, educ...

Development economics is about understanding how and why lives change. How Lives Change: Palanpur, India, and Development Economics studies a single village in a crucially important country to illuminate the drivers of these changes, why some people do better or worse than others, and what influences mobility and inequality. How Lives Change draws on seven decades of detailed data collection by a team of dedicated development economists to describe the evolution of Palanp...

The year 2015 will be a landmark year for international climate change negotiations. Governments have agreed to adopt a universal legal agreement on climate change at the 21st Conference of Parties (COP21) to the United Nations Framework Convention on Climate Change (UNFCCC) in Paris in 2015. The agreement will come into force no later than 2020.This book focuses on the prospects for global agreement, how to encourage compliance with any such agreement and perspectives of key players in th...

In 2005, economist Nicholas Stern was commissioned by the British government to direct the largest study ever conducted into the scientific reality of global warming. The Stern Report, which made headlines around the world, is far and away the deepest and most far-reaching exploration into the economic and ethical consequences of this crisis—and, in particular, into the solutions for it.In The Global Deal, Stern has taken that comprehensive and detailed report and produced...

If environmental protection is costly, how much should we spend on pollution control? Is it worth reducing pollution to zero, or should we accept some level of pollution because of the economic benefits associated with it? How can we assess the benefits that people get from a less-polluted atmosphere? In broad terms, environmental economics looks at how economic activity and policy affect the environment in which we live. Some production generates pollution, such as power station emissions...

According to many scientists, climate change is a growing threat to life as we know it, requiring a large-scale, immediate response. According to many economists, climate change is a moderately important problem; the best policy is a slow, gradual start, to avoid spending too much. They can't both be right.In this book, Frank Ackerman offers a refreshing look at the economics of climate change, explaining how the arbitrary assumptions of conventional theories get in the way of unde...