Climate Change: The Economics of and Prospects for a Global Deal
Speaker: Sir Nicholas Stern, FBA
Date: Monday, November 19, 2007
Time: Pre-talk reception at 4:00 PM in the Ting Foyer; Talk begins at 4:30 PM; Reception follows in the Ting Foyer
Location: Wong Auditorium, Tang Center at MIT (Building E51-115, Corner of Wadsworth and Amherst Street, Cambridge, MA 02139)
Sponsor: MITEI Energy Colloquium sponsored by MIT Energy Initiative
Abstract
Climate change poses severe risks to the economies and societies of the planet. This risk can be radically reduced with strong and timely action. If the appropriate economic and other policies are designed well and put in place now, then the costs will be much smaller than the damages averted. The policies do not imply the curtailment of economic growth and development. On the contrary, business-as-usual would eventually be the anti-growth strategy. Strong and timely measures must be on a global scale. The key elements of a global deal will be examined.
About the speaker
Sir Nicholas Stern is the IG Patel Professor of Economics and currently heads a new India Observatory within the London School of Economic’s Asia Research Centre. Nicholas Stern served as Adviser to the UK Government on the Economics of Climate Change and Development, and reported to the Prime Minister from 2003-2007. Nicholas Stern was Head of the Stern Review on the Economics of Climate Change.
His most recent book “Growth & Empowerment: Making Development Happen” was published in April 2005. The Stern Review on the Economics of Climate Change was published in October 2006 (http://www.sternreview.org.uk). He has published more than 100 articles.
Nicholas Stern is a Fellow of the British Academy (July 1993), Foreign Honorary Membership of the American Academy of Arts and Sciences (1998). BA Cambridge (Mathematics), D.Phil Oxford (Economics), Honorary Doctorates: University of Warwick, University of Cambridge, Honorary Fellow St Catherine’s College, Oxford, Honorary Fellow Peterhouse, Cambridge.
