October 23, 2008

Action on climate change could help end recession, says Stern Report author

There is an article from Nicholas Stern in The Guardian today. He wrote the Stern Review for the UK government on the economics of climate change, arguing there is a financial case for taking necessary action.

His article today argues that a concerted programme of work to transform societies into sustainable, low-carbon ones would also be part of an effective response to the coming global recession which has been sparked by the credit crunch.

Given the UK government has put up £500 billion to save its banking system and has then convinced many other countries to do the same, there may be a chance our leaders will actually act in this visionary way. But don't hold your breath. And Nicholas Stern, being an economist of, I believe, a fairly conventional mindset, sees growth as fundamental to the world's economic system - some of the proposals put forward for inclusion in the Simultaneous Policy - on Monetary Reform and Beyond GDP for example, might spark his interest if his attention can be captured.

Anyway, here's the link to the article:

The type of approaches that Professor Stern proposes could perhaps flesh out the Contraction and Convergence proposal submitted for inclusion in the Simultaneous Policy.

For more information on policy proposals and to participate in the 2008 annual vote (running to 1 November) go to:

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