The Stern Review of the Economics of Climate Change: A Comment
By Richard S. J. Tol. 2006
167 citations recorded by the source corpus.
The Stern Review of the Economics of Climate Change (Stern et al., 2006) is a report to the Prime Minister and the Chancellor of the Exchequer of the United Kingdom. A team of 23 people, led by Sir Nicholas Stern and supported by many consultants, worked for a little over a year to produce a report of some 700 pages on the economics of climate change. The report says many things, some better supported than others. I agree with the Stern Review on a number of things. Firstly, climate change is real, and climate change is a problem. Secondly, climate policy should be guided (but not dictated) by an assessment of the costs and benefits of greenhouse gas emission abatement. Thirdly, climate policy is best implemented with market-based instruments such as taxes and tradable permits.
Subfields: Economics and Econometrics, Management Science and Operations Research
View Paper: https://www.semanticscholar.org/paper/a0018d4ed9809e1628e18ae8932fc84e1d76dca0
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In Economics and Econometrics
Citations in the corpus
- An Even Sterner Review: Introducing Relative Prices into the Discounting Debate (2008, unknown): “As shown by Dasgupta (2006), Tol (2006), Nordhaus (2007), Yohe (2006), and others, and as illustrated numerically in the fifth section, this is indeed one of the most important reasons for the Stern Review’s high damage figures.”
- Impact of Everyday Weather on Individual Daily Travel Behaviours in Perspective: A Literature Review (2013, background): “…is reported for domains such as agriculture, water management, (health) insurance (IPCC, 2007; Stern, 2007) and the attraction of tourism destinations (Amelung & Viner, 2006; Bigano, Hamilton, & Tol, 2006; Hamilton, Maddison, & Tol, 2005; Matzarakis & De Freitas, 2001; Nicholls & Amelung, 2008).”
- The Social Cost of Carbon: Trends, Outliers and Catastrophes (2008, unknown): “This paper presents a meta-analysis of over 200 estimates of the SCC, and tests three hypotheses: • The Stern Review is an outlier in the literature (Tol 2006).”