There is still time to avoid the worst impacts of climate change, if we take strong action now.
Nicholas SternLooking back, I underestimated the risks. The planet and the atmosphere seem to be absorbing less carbon than we expected, and emissions are rising pretty strongly. Some of the effects are coming through more quickly than we thought then.
Nicholas SternClimate 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 SternRising sea levels will result in tens to hundreds of millions more people flooded each year with a warming of 3 or 4ยฐC. 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 SternThe record rainfall and storm surges that have brought flooding across the UK are a clear sign that we are already experiencing the impacts of climate change.
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