There have been numerous economic analyses of climate change of which the Government commissioned Stern review is merely the most recent. But whereas earlier reports recommended what some environmentalists would regard as surprisingly modest reductions in GHG emissions, the Stern review advocated far more ambitious cutbacks. The findings of the report were quickly embraced by political leaders of all the main parties in the United Kingdom. But in the months following its release a number of economists in Europe and the US have expressed their doubts regarding the Stern Review.
Download the Stern Review
A recent one-day workshop at the University of Birmingham explored why Stern emerges with policy prescriptions which appear to differ from those supplied by previous economic analyses of the climate change problem. Organised by David Maddison in conjunction with the Environment, Trade and Energy Research Group and the Institute for Energy Research and Policy, the workshop brought together leading members of the Stern Review, contributors to the Review process and economists who have been openly critical of the Stern Review.
The following individuals presented at the Workshop (click on name to download presentation);
David Maddison
, University of Birmingham
Dennis
Anderson, Imperial College London
Dimitri Zenghelis
, HM Treasury
Richard
Tol, Economic and Social Research Institute, Dublin
Cameron Hepburn, University of Cambridge
Aside from the our workshop speakers, several other eminent economists have commented on the Stern Review;
Robert Mendelsohn
, Yale University
Martin Weitzman
, Harvard University
William Nordhaus
, Yale University (click here for the NBER version)
