Stern says review ‘underplayed cost of climate change’

Nicholas Stern has told MPs his review of climate change economics was optimistic and Europe should tax imported goods to reflect carbon impacts.

Credit: Eldadcarin/ Dreamstime.comThe seminal Stern Review of the economics of climate change painted an overly rosy picture, according to its author.

“Looking back, I think I was a bit optimistic about growth,” Professor Lord Stern said on 5 November, giving evidence to the House of Commons Energy and Climate Change Committee.1

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