The Global Deal: Climate Change and the Creation of a New Era of Progress and Prosperity
The Global Deal: Climate Change and the Creation of a New Era of Progress and Prosperity – Review
Nicholas Stern is not an abstract intellectual. He is the former Chief Economist of the World Bank and was elected by the British Government to produce the famous 2007 Stern report on global warming. His point is very important. Climate change is more than a science problem. It is a global economic and political problem. The possibilities of correctly solving this problem are zero if there is not some sort of “international deal” between rich and impoverished nations. Europe and America simply put most of the carbon in today’s atmosphere, and it’s going to be there a long time. They should pay a larger total share than other nations to clean up the mess they usually made. Furthermore, many impoverished nations simply cannot offer to pay for the transition from old highly polluting technologies to new pure energy. Sadly, I am not as optimistic as Stern. I do not see a willingness of the rich to pay what is desperately needed. For a better perspective on the whole global ecological situation, I would recommend Plan B 3.0: Mobilizing to Save Civilization (Substantially Revised) . If you need to widely read the original 2007 Stern report you can get it on Amazon The Economics of Climate Change: The Stern Review .