Toronto: “Key elements of a global deal on Climate Change” (by Nicholas Stern)

New York Times, Green Inc. – In a speech in Toronto on Friday, Lord Nicholas Stern, the economics adviser to former British Prime Minister Tony Blair and the author of a massive 2006 study on the cost of climate change, outlined in broad strokes a potential international deal to confront global warming — the objective of a global conference on climate change to be held in Copenhagen this December.  The good news, he told the Economic Club of Toronto, is that efforts to bring atmospheric greenhouse gas concentrations down to 50 percent of 1990 levels will account for just 2 percent of global G.D.P., in terms of higher costs. “It will be a tremendous investment,” Mr. Stern said.

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Download paper: “Key elements of a global deal on Climate Change” (April 2008, PDF).

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