The difference between signi cant and not signi cant is. How much and how fast should we react to the threat of global warming. Adaptation funding and the world bank investment framework initiative. On behalf of the students who participate in the michael price student investment fund, i am delighted to introduce the semiannual report for the sixmonth period ending february 28, 2006. It is however welcome, and should now be sourced to gci.
Nicholas stern, baron stern of brentford wikipedia. A dual critique gas concentrations and global warming. Our collective efforts over the last semester allow me to highlight another set. Looking far out into the future, the report argues that if society were to put some muscle into solving this problem now, we. In july 2005, the then chancellor of the exchequer, rt hon gordon brown mp, commissioned sir nicholas stern to report to the prime minister and the chancellor by autumn 2006 on an evidencebased assessment of the economics of moving to a low. The 2006 internet crime report is the sixth annual compilation of information on complaints received and referred by the ic3 to law enforcement or regulatory agencies for appropriate action. The economics of climate change was the first economic analysis of climate change to be sponsored by a government agency. It is not a background that suggested he would make radical new departures in his latest report. Q4,q5 abstract how much and how fast should the globe reduce greenhousegas emissions. The dangers all countries will be affected by climate change, but the poorest countries will suffer earliest and most. From january 1, 2006 december 31, 2006, the ic3 website received 207,492 complaint submissions. An evaluation of the sterns report on the economics of. From day one at stern, our mba students are challenged and empowered to use the tools of business to create value for companies, organizations and society. This defensive allocation made it more difficult for the mpsif fund in aggregate to outperform its benchmark, which is composed of 75%.
Climate change our approach 2a ethical frameworks and intertemporal equityclimate change p 47. The economics of climate change v figure 2 stabilisation levels and probability ranges for temperature increases the figure below illustrates the types of impacts that could be experienced as the world comes into. The same relative value of wealth applies when comparing 2006 and 2206, if we expect the same growth of the economy over the period. The 2006 stern report, commissioned by the uk government, found that the economic damage caused by unchecked climate change could be 5. The report is available in adobe acrobat portable document format pdf. The world has to act now on climate change or face devastating economic consequences, according to a report compiled by. One thing i will comment on is gordon browns typically gimmicky appointment of al gore as an adviser on this issue. Since the report was published in 2006 nicholas stern has said that new evidence showed the costs of global climate change were underestimated probably by half, and that the mitigation required is far more stringent than recommended in 2006. What does a 2c target mean for greenhouse gas concentrations. The economics of climate change vi summary of conclusions there is still time to avoid the worst impacts of climate change, if we take strong action now.
To explain the lowfrequency variation in us equity and debt returns in the 20th century, we solve an equilibrium model in which. Now buildings account for 8% of greenhouse gas emissions, or 20% if upstream. Mpsif annual report 7 august 31, 2003 portfolio allocation fund allocation we ended the year with about the same portfolio allocation with which we began the year. Recalculating the costs of global climate change the new. A team of 23 people, led by sir nicholas stern and supported by many consultants, worked for a. The report recommended atmospheric the greenhouse gas stabilization target of 550 ppm co2e, world today. This book is extremely readable, and something that all interested in climate change and its consequences should have. In the sterns report, it is assumed that the world economy will grow at a real rate of 1. That said, the broad thrust of his report, that money spent now will save much bigger costs later, makes sense, as does his emphasis on carbon trading.