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 SternFortunately poorer countries, such as China, are showing leadership and beginning to demonstrate to the world how to invest in low-carbon growth.
Nicholas SternAdaptation can efficiently reduce the costs of climate change while atmospheric concentrations of greenhouse gases are being stabilised
Nicholas Stern