Stern Warns that Humanity Is at Climate Crossroads

The lead author of the 2006 Stern Review on the economics of climate change says that although there will be an agreement at the UN climate conference in Paris in December, it’s what happens afterwards that is crucial.

Professor Nicholas Stern warns: “Whatever way we look at it, the action we need to take is immense.”

If governments delay taking decisive measures to halt greenhouse gas emissions, he is convinced that a tipping point on climate will be reached.  “In Paris, we need recognition of what we need to do − and how radical that change will be.”

Awareness of urgency
Stern, chair of the UK’s Grantham Research Institute on Climate Change and a former chief economist at the World Bank, will be involved in the Paris negotiations.

He told a packed audience at Oxford University that, on the plus side, there is now a much greater willingness to work towards a meaningful agreement on climate change.

Generally, there is far more awareness of the urgency of the issue.  China and the US are not – as in the past – “dancing around each other”, but co-operating on how to bring down emissions.

Stern said that during talks coinciding with the state visit to the UK by China’s President, Xi Jinping, Chinese officials said the country’s emissions would peak by 2025 and then start declining. Previously, China said it would not reach peak emissions till 2030.

“I’m very optimistic about what we can do,” Stern said.  “That’s not the same as saying I’m optimistic about what we will do.”

According to calculations on greenhouse gas emissions made by countries around the world in the run-up to the talks in Paris, billions more tonnes of climate-changing CO2 would be pumped into the atmosphere up to the year 2030.

After that, if climate change is to be tackled, there will have to be dramatic emission cutbacks − ultimately to zero.

“The cost of inaction is far more than the cost of action,” Stern said.

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