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  • Report n° 7: The Stern review

Report n° 7: The Stern review

  • Table of contents
    • Three questions on the Stern Review
      • The "Stern" message on climate damage credible?

Is the "Stern" message on climate damage credible?

First, a distinction should be drawn between the five chapters of the Stern review devoted to a detailed diagnosis of the risks linked to climate change, and the sixth one (Economic Modelling of Climate Change Impacts) which assesses their monetary cost.
One may wonder if the assessment is meaningful in view of the uncertainties linked to such a distant future. However, the context should be understood: it is typical of an Anglo-American tradition of cost-benefit analyses which requires the cost of damage and the cost of prevention to be expressed in the same units, and which helps to shape international debates.
Neither should one forget the contents of the five other chapters which highlight the challenges and opportunities of the climate issue for economic and social actors.