The Stern Review

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http://www.hm-treasury.gov.uk/Independe ... _index.cfm

Stern Review on the Economics of Climate Change

The Chancellor announced on 19 July 2005 that he had asked Sir Nick Stern to lead a major review of the economics of climate change, to understand more comprehensively the nature of the economic challenges and how they can be met, in the UK and globally.

The review will be taken forward jointly by the Cabinet Office and HM Treasury, and will report to the Prime Minister and Chancellor by Autumn 2006. It takes place within the context of existing national and international climate change policy.

The announcement of this review is a further demonstration of the importance which this Government attaches to the issue of climate change, and follows its decision to make climate change a priority for the UK Presidencies of the G8 and EU.
Call for evidence

Nick Stern invites interested stakeholders in the UK and the rest of the world, including academic, private sector, scientific, NGO and other experts, to submit evidence to the Review. Evidence on all areas relevant to the Terms of Reference will be welcomed. The deadline for evidence to be submitted is 9 December 2005 .

Submissions should be sent to the review team at:

callforevidence@sternreview.org.uk

Submissions may be published unless a specific request is made for them to remain private.

Review Team contact details

Stern Review
2nd Floor, Room 35/36
HM Treasury
1 Horse Guards Road
London SW1A 2HQ
Email: callforevidence@sternreview.org.uk
Terms of Reference

The terms of reference of the review are to:

Examine the evidence on:

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The implications for energy demand and emissions of the prospects for economic growth over the coming decades, including the composition and energy intensity of growth in developed and developing countries;
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The economic, social and environmental consequences of climate change in both developed and developing countries, taking into account the risks of increased climate volatility and major irreversible impacts, and the climatic interaction with other air pollutants, as well as possible actions to adapt to the changing climate and the costs associated with them;
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The costs and benefits of actions to reduce the net global balance of greenhouse gas emissions from energy use and other sources, including the role of land-use changes and forestry, taking into account the potential impact of technological advances on future costs; and
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The impact and effectiveness of national and international policies and arrangements in reducing net emissions in a cost-effective way and promoting a dynamic, equitable and sustainable global economy, including distributional effects and impacts on incentives for investment in cleaner technologies

Consult with key stakeholders, internationally and domestically, to understand views and inform analysis.

Based on this evidence, provide:

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An assessment of the economics of moving to a low-carbon global economy, focusing on the medium to long-term perspective, and drawing implications for the timescales for action, and choice of policies and institutions.
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An assessment of the potential of different approaches for adaptation to changes in the climate.

Assess how this analysis applies to the specific case of the UK, in the context of its existing climate change goals.

Produce a report to the Prime Minister and Chancellor by Autumn 2006.
Related links:

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12/10/05 Pn85 Stern Review on the Economics of Climate Change: Terms of reference and call for evidence announced
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12/10/05 Pn86 Adviser to the Government on the economics of climate change and development