scholarly journals The "Stern Review" on the Economics of Climate Change

2006 ◽  
Author(s):  
William Nordhaus
Keyword(s):  
Climate Change ◽  
Stern Review

scholarly journals Consideraciones acerca de la implementación de las acciones sobre el cambio climático y los acuerdos internacionales para la cooperación bajo la perspectiva del Informe Stern

LEX ◽  
2018 ◽  
Vol 16 (21) ◽  
Author(s):  
Jessica Karina Obeso Cuadra ◽  
María Isabel Medrano Sánchez ◽  
Geraldo Morón Paredes ◽  
José Luis Masías Vidal ◽  
Wendy Lidia Moreano Márquez ◽  
...  
Keyword(s):  
Climate Change ◽  
Collective Action ◽  
Stern Review

El Informe Stern sobre la Economía del Cambio Climático (Stern Review on the Economics of Climate Change) es un documento redactado por el economista Sir Nicholas Stern, antiguo miembro del Banco Mundial por encargo del Tesoro Británico, sobre el impacto del cambio climático y el calentamiento global sobre la economía mundial al afirmar que se necesita de una inversión equivalente al 1% del PIB mundial para mitigar los efectos del cambio climático; caso contrario, el universo estaría expuesto a una recesión que podría alcanzar al 20 % del PIB. Se trata de un informe político riguroso que logró conseguir la atención de la opinión pública sobre las implicancias y consecuencias del cambio climático, dejándonos conclusiones claras y contundentes sobre una pronta actuación. Su discusión trata sobre cómo mitigar el cambio climático y si estamos preparados para este proceso desde el enfoque económico. El informe presenta un análisis sobre la economía del cambio climático, utilizando resultados de estudios científicos publicados y evaluados. Se encuentra estructurado en 6 partes que contienen 27 capítulos. La parte VI International Collective Action, que abarca desde el capítulo 21 al 27, trata, entre otros temas, de la coordinación de la acción colectiva internacional frente al cambio climático, que supone la existencia de un planificador central preocupado por el bienestar mundial y de la conveniencia de frenar la deforestación. Las consideraciones de este artículo se basan en la Acción Internacional Cooperativa, desarrollada en el Capítulo VI del Informe Stern, orientada a la implementación de las acciones necesarias para atenuar los efectos del cambio climático. Las acciones para afrontar los efectos adversos del cambio climático consisten en una amplia gama de actividades de distintos niveles y dimensiones para las cuales se requiere de un único marco de referencia internacional para reducir de manera efectiva la emisión de gases de efecto invernadero. Es así que los acuerdos internacionales para el cambio climático son la base fundamental para la cooperación; no obstante, existen retos inherentes en este aspecto debido a la naturaleza de la problemática, como son la provisión de un bien público como el clima y la atmósfera, el costo de la implementación de las acciones para el cambio climático, la transición de la economía global del carbono hacia una economía global limpia y la difusión pública de la importancia de participar en este proceso. La inversión, investigación e implementación de tecnologías para afrontar el cambio climático requieren de una planificación estratégica gubernamental adecuada que incluya reglas del juego firmes y que promuevan la adopción privada de acciones que reduzcan las emisiones de gases de efecto invernadero.

The Stern Review on Climate Change: Inconvenient Sensitivities

2009 ◽  
Vol 20 (5) ◽  
pp. 779-798 ◽  
Author(s):  
Sergey Mityakov ◽  
Christof Rühl
Keyword(s):  
Climate Change ◽  
Time Preference ◽  
Complex Problem ◽  
Policy Choices ◽  
Subjective Judgement ◽  
The Face ◽  
Stern Review ◽  
The Cost ◽  
Parameter Values ◽  
Considerable Discussion

Nicholas Stern's Review of “The Economics of Climate Change” (2007) triggered considerable discussion, essentially by condensing a complex problem – the question of how to act in the face of global warming – into juxtaposing two numbers, the cost of mitigation and the cost of climate change. The Review concludes that mitigation today is economically superior to adaptation tomorrow. The review was widely criticized for the assumption of a pure rate of time preference of almost zero, on which its conclusions seemed to depend. In this paper we argue first, that this assumption discriminates against current in favour of future generations. Second, we perform a sensitivity analysis to test for the extent to which the conclusions of the Review are indeed based on the assumption of a rate of time preference of almost zero. We demonstrate that the conclusions of the Review are no longer valid as soon as parameter values are used which are standard in economic analysis. Combined, these results raise a bigger question: how wise is it to base crucial policy choices on a model so dependent on a single, deeply subjective, judgement call?

A Review of the Stern Review on the Economics of Climate Change

2007 ◽  
Vol 45 (3) ◽  
pp. 686-702 ◽  
Author(s):  
William D Nordhaus
Keyword(s):  
Climate Change ◽  
Global Warming ◽  
Interest Rates ◽  
Utility Function ◽  
Greenhouse Gas ◽  
Discount Rate ◽  
Stern Review ◽  
Time Discount ◽  
Radical Revision ◽  
Zero Time

How much and how fast should we react to the threat of global warming? The Stern Review argues that the damages from climate change are large, and that nations should undertake sharp and immediate reductions in greenhouse gas emissions. An examination of the Review's radical revision of the economics of climate change finds, however, that it depends decisively on the assumption of a near-zero time discount rate combined with a specific utility function. The Review's unambiguous conclusions about the need for extreme immediate action will not survive the substitution of assumptions that are consistent with today's marketplace real interest rates and savings rates.

What has changed in EDE research? A comment

2014 ◽  
Vol 19 (3) ◽  
pp. 304-306
Author(s):  
Maria A. Cunha-e-Sá
Keyword(s):  
Climate Change ◽  
Economic Integration ◽  
Scientific Evidence ◽  
Stern Review ◽  
Global Economic Integration

Climate and global economic integration have contributed to a refocusing of research in EDE in the two last decades. The disclosure of new scientific evidence, namely after the publication of the Stern Review and the following debates, has definitely granted economists a central role in defining the key elements of the debate on climate change.

scholarly journals Comparing time present with time future: discounting in the Stern Review

2007 ◽  
Vol 3 (1) ◽  
Author(s):  
Dennis Rose
Keyword(s):  
Climate Change ◽  
Fundamental Question ◽  
Future Discounting ◽  
Stern Review ◽  
Time Future

What actions should we, as a subset of world citizenry, be contemplating now in response to the likely effects of climate change? That is the fundamental question posed by the Stern Review. As is the case with most large questions, our individual and collective responses are conditioned by our systems of values, by the institutions within which we work, by uncertainties about the facts and by the intellectual frameworks that help structure our understanding of reality.

Climate Change and Supply Chain Operations

2011 ◽  
pp. 93-126
Author(s):  
Costas P. Pappis
Keyword(s):  
Climate Change ◽  
Large Scale ◽  
Water Cycle ◽  
Well Being ◽  
Developed Countries ◽  
Sea Levels ◽  
The World ◽  
Stern Review ◽  
Rising Sea Levels

In the previous chapter 3 the focus of the presentation has been on the implications of climate change, as felt globally, for the environment and human societies in developing as well as in developed countries. As noticed there, the Stern Review’s conclusion that “climate change will have increasingly severe impacts on people around the world, with a growing risk of abrupt and large-scale changes at higher temperatures” (Stern Review, 2006) is shared by most scientists and governments. The Review warns that “a warmer world with a more intense water cycle and rising sea levels will influence many key determinants of wealth and well-being, including water supply, food production, human health, availability of land, and the environment” (Stern Review, p. 84).

Sign in / Sign up

Export Citation Format

Share Document