Nicholas Stern, author of the gloomy, eponymous review that sparked a debate among environmental economists in 2006, said he was wrong. Things are actually much worse. From the Independent:
“We badly underestimated the degree of damages and the risks of climate change,” said Lord Stern in a speech in London yesterday. “All of the links in the chain are on average worse than we thought a couple of years ago.” […]He also reiterated his previous estimates that governments and business must invest the equivalent of between 1 to 2 per cent of global GDP annually up to 2050 in new technologies and efficiency measures or face climate change of catastrophic proportions.
The Stern Review
“People who said this was scaremongering are profoundly wrong. If anything, I was too reticent. What we are playing for is the transformation of the planet,” he said.
President Bush’s vague calls f
Jeroen van der Veer has gone red in the face calling for Europe to increase funding of clean-coal technology
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