‘Net zero’ isn’t madness: the staggering economic costs of climate change
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Nicholas Stern (centre) produced his 2006 report on the economics of climate change with the support of then UK chief finance minister Gordon Brown (left) and Prime Minister Tony Blair.Credit: Kieran Doherty/AP/Alamy
Few economists have managed to command the attention of so many world leaders in so short a space of time as Nicholas Stern did almost 20 years ago. As head of the UK Government Economic Service in academia, he was commissioned by the government of prime minister Tony Blair to review the research on the economics of climate change. The conclusions ricocheted around the world, uniting environmental, business and policy communities and imbuing them with a new urgency.
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