Failing to curb the impact of climate change could damage the global economy on the scale of the Great Depression or the world wars by spawning environmental devastation that could cost 5 to 20 percent of the world's annual gross domestic product.
Nicholas SternGreenhouse gas emissions: Ultimately, stabilisation - at whatever level - requires that annual emissions be brought down to more than 80% below current levels
Nicholas SternThis [climate change] is potentially so dangerous that we have to act strongly. Do we want to play Russian roulette with two bullets or one?
Nicholas SternI think that once people understand the great risks that climate change poses, they will naturally want to choose products and services that cause little or no emissions of greenhouse gases, which means 'low-carbon consumption.' This will apply across the board, including electricity, heating, transport and food.
Nicholas Stern