Climate change is a result of the greatest market failure the world has seen...We risk damages on a scale larger than the two world wars of the last century.
Nicholas SternDo politicians understand just how difficult it could be, just how devastating rises of 4C, 5C or 6C could be? I think, not yet
Nicholas SternI think it's important that people think about what they are doing and that includes what they are eating. I am 61 now and attitudes towards drinking and driving have changed radically since I was a student. People change their notion of what is responsible. They will increasingly ask about the carbon content of their food.
Nicholas SternRising sea levels will result in tens to hundreds of millions more people flooded each year with a warming of 3 or 4°C. There will be serious risks and increasing pressures for coastal protection in South East Asia (Bangladesh and Vietnam), small islands in the Caribbean and the Pacific, and large coastal cities, such as Tokyo, Shanghai, Hong Kong, Mumbai, Calcutta, Karachi, Buenos Aires, St. Petersburg, New York, Miami and London.
Nicholas Stern