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Stern Report/Review

Definition

The Stern Review on the Economics of Climate Change is a 700-page report commissioned by the British government. The Review, by the economist Lord Stern of Brentford, was released on 30 October 2006 and discusses the effect of climate change and global warming on the world economy. The review concludes that 1% of global gross domestic product (GDP) per annum needs to be invested in order to avoid the worst effects of climate change. Failure to do so could risk lowering.

Source

"Glossary", Center for International Forestry Research (CIFOR),"Moving Ahead with REDD. Issues, Options and Implications" Center for International Forestry Research, Indonesia, 2008. http://www.cifor.cgiar.org/publications/pdf_files/Books/BAngelsen0801.p…

Alternative definition

A report commissioned by the British government, it discusses the effect of climate change and global warming on the world economy. The review concludes that 1% of global gross domestic product (GDP) per annum needs to be invested in order to avoid the worst effects of climate change. Failure to do so could risk lowering global GDP by 20%.