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United Kingdom: Lord Stern touts benefits of decarbonisation target ahead of Energy Bill debate

2013-10-28 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Fast-tracking a target to decarbonise the UK's power sector would help avoid a "rapid and expensive transition" towards low carbon energy further down the line that could result in "large-scale scrapping" of fossil fuel power plants, Lord Stern has warned. The noted economist was speaking ahead of today's House of Lords debate on an Energy Bill amendment that would commit the government introduce a 2030 target next year, which he proposed last week along with fellow cross-bench peer, and former...

Tags: united kingdom bill energy

 

'Carbon budget' talks urgent, warns Lord Stern

2013-09-29 20:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Talks must start urgently on the world's "carbon budget" the amount of greenhouse gas that can be poured into the atmosphere without triggering dangerous climate change as without radical policies to cut emissions humanity will exceed the limit within 15 to 25 years, the world's leading climate economist has warned. Lord Stern, the former World Bank chief economist and author of the landmark study of the economics of global warming, said the world faced a stark choice. On Friday, after days...

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United Kingdom: Lord Stern: IPCC report will underestimate climate change

2013-09-24 18:55:00| Climate Ark Climate Change & Global Warming Newsfeed

Telegraph: Important factors like the melting of frozen Arctic soil, which are expected to contribute significantly to global warming, have been left out of scientists' calculations because the size of their impact remains unclear. It means that models which will be used to inform the latest international assessment of climate science, to be revealed on Friday, "substantially underestimate' the scale of the problem, Lord Stern of Brentford claimed. The former World Bank chief economist, who authored an...

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Stern 2 to review economic costs of tackling climate change

2013-09-24 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Financial Times: The UK has teamed up with Norway, Sweden and four other nations to launch an $8.9m assessment of the economic costs and benefits of tackling climate change. In what some are calling Stern 2.0, the study is expected to build on the 2006 UK review of the economics of climate change by British economist, Lord Nicholas Stern, who will act as a reviewer of the new work. It will be published in September next year, at the same time as the UN secretary-general, Ban Ki-moon, has called a New York summit...

Tags: change review costs economic

 

Lord Stern: EU must halve emissions by 2030

2013-09-24 15:38:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: The European Union should set an ambitious goal to halve emissions from 1990 to 2030, in order to help build confidence among businesses and other countries that it is serious about limiting climate change risks. Lord Stern, former World Bank chief economist and author of the landmark 2006 report on the costs of climate change, also said setting a strong carbon reduction target was more pressing for the EU than specific technology targets for renewable energy and energy efficiency. Speaking...

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